Gold MT5 Transactions Tabs Panel

The MetaTrader 5 Platform Software Terminal Window Panel is mainly used for monitoring your MT5 account balance, MT5 account equity and trade transaction reports mainly. There are other operations that can be set up on this window but most of these are not commonly used.

On the trading platform MT5 the Terminal Window Panel is illustrated and shown below:

Terminal Window - MetaTrader 5 Online Platform

The Terminal Window has the Following Sub-Menu or Tabs:

Trade
XAUUSD Account History
News
Alerts
Mailbox
Signals
CodeBase
Experts
Journal

Let us look at each on its own:

Trade Tab

If you open a Gold on the MetaTrader 5 Platform Software, the trade position will then be recorded here on this Trade Tab. For Example if you sell The XAU/USD, open a sell order the following info will be recorded on the Trade Tab panel window.

Trade Tab - Trading Software Trading Windows

From above example we have opened a Sell Gold: The trade details & particulars are illustrated above under column details and particulars marked

Order, Time, Type, Size, Quote, Price, S/L,T/P, Commission, Swap, Profit

Order, - The trade number

Time, - The Time

Type, - The Type of order, Sell or Buy

Size, - Size of trade, 1 Standard Lot

Symbol, - gold Symbol, Gold

S/L, - StopLoss

T/P, - TakeProfit Order

Current Price

Commission, - Commission (no commission charged by this broker)

Swap, - no swap charged as per now, trade hasn't stayed overnight

Profit - $51

Most common operation after opening a trade is to place the StopLoss Order & TP Order, These are abbreviated as S/L and T/P. There is likely no other operation to setup after this only to monitor the trade transactions within the platform work-space after setting these two levels, the stoploss will close your order with a minimum loss & the take profit will close your trade at a reasonable profit.

To place this S/L and T/P, we shall Right Click anywhere within this Trade Tab, part shaded grey, following menu will appear, this is used to make changes to the current order that is open.

This will appear and be shown as:

Modify a Order on the MetaTrader 5 Platform Software

Menu has The following Options:

New Order - Put a new transaction
Close - Can close-out this trade transaction at current market price
Modify or Delete - Can Modify the S/L and T/P, (order can't be deleted, delete is for pending orders that aren't yet executed)
Trailing Stop - Place and Set a trailing Stop-Loss
Profit - View profit as either pips, term trading or deposit currency: depending on which option you favor.
Commission, Taxes, Comments, are additional columns that you as a gold trader can choose and select to show or hide by checking/unchecking(Ticking/Unticking) them.
Auto Arrange - Arrange charts according to alphabet, time of open, most profitable according to sorting by choosing a column of arranging priority, for examples 'Time' column.
Grid - Show Grid or do not Show Grid, by Checking/Unchecking This MT5 option.

To Set TP Order & Stop-Loss Order, T/P and S/L we shall make use of the third option, 'Modify or Delete', after pressing this the following panel will popup:

StopLoss is placed at 250 points - 25 pips

TP is placed at 500 points - 50 pips

You can set this two points by selecting 250 & 500 on part labeled points, red part marked copy is for Stop Loss Order & blue part marked copy as is for TP Order just as is illustrated on screen-shot below.

After that press the wide red tool/button mark ed and labeled as modify to modify.

Modify a Order in MetaTrader 5 trading Software

The order then will appear and be shown as below, note that the S/L and T/P columns for our trade position have now been updated like displayed below.

Take Profit Order & Stop-Loss Order Levels Shown on Meta trader Platform

S/L and T/P Order Details Updated in Meta 5 trader Platform Transaction Panel

If you were to close above trade now, then trade positions will be updated just as shown, to reflect that the trade has been closed and the profit added to your MT5 equity balance.

Account Balance Updated on MT5 Platform

XAUUSD Account History

This is used to generate trade reports of trades that have been opened previously & have been closed. This is a record of all previous transactions.

Trade Reports Panel on the MT5

On the above example illustration, there are currently no trade records on this trade positions history recorded. There needs to be a couple of closed trades for this record to show some entries. Let us see what happens when we close our open position of gold.

Gold Closed Transaction Recorded in MetaTrader 5 Account History Transaction Tab

From example above, once our open order was closed the trade position was then recorded as an entry within 'Account History' of the MetaTrader 5 Software Platform

MT5 Account History Menu

Account History Menu

This menu is shown above & can be accessed by right clicking anywhere within the MT5 account history panel. Last Four (commissions, Taxes, comments, Auto Arrange and Grid are used more for output formatting purposes on the platform but not for trading purposes in general, therefore we shall not look at these as they're self-explaining)

The following 6 options are Displayed Below:

All History, Last 3 Months, Last Month or a Customized Period - all these options can be used to choose the time period for which you as a gold trader want to generate the history of trading positions.

Save as Report, Save as Detailed Report - This will generate a report of all trade transactions along with profit and loss calculation, draw-down calculation, profit factor calculation, expected payoff factor of the system that you use along with total number of profitable trade positions, losing ones, average loss per trade and the average profit per trade like as illustrated and shown below.

Generating Trade Reports of Your Account in MT5 Trader Platform

Save as Report

Save as Detailed Report

Saving detailed Reports of Transactions History on Meta 4 Software/Platform

News Tab

This is the third option within the MT5 Terminal Window this window is used to display a listing of current news provided as a news feed by your broker. This is shown below:

Gold News Stream in MT5 Software Platform

Alerts Tab

This is used to set an alert for the price when it reaches a pre-determined level. For examples you may be using a Bollingers, an indicator which forms an upper boundary and lower boundary & you want to set an alert for price when it gets to any one of these levels.

For examples, in our above example we might want to put an alert for at 50 pips below the ruling market price, we shall open Alerts Tab, and rightclick to activate the menu below:

How to Put Price Alerts in the MT5

On the above panel window, choose, Create and create one as follows:

Putting Price Alerts on MT5 Platform

Put sound as the alert action, symbol is the Gold, set condition to set is when bid price is less than(Bid<-<) and put the value for examples at 1.34730, choose the source of alert sound as above, (This is a sound file with extension Alert.wav), adjust time-out to Ten seconds and iterations at max of 50, then select and choose OK to activate it.

Putting Price Alerts in MT5 Software Platform

The above alert is then set & an alert will sound off once this price of Gold goes below this level.

By right-click on this, the Alert Menu will provide options for modifying it, deleting it or turning it off. You can download the MetaTrader 5 and practice opening This MT5 option to see how you can put a new alert or delete it or modify it.

Mailbox Tab

Mailbox is used to view messages which have been sent to you, to your Online software like shown below:

Mail Box in the MT5 Platform

XAUUSD Signals Tab

Contains of a list of Trading Signal Providers that traders can subscribe to through their MT5 Platform Software, this is shown below, one can select any trading signal provider and click subscribe to get the trading signals.

MT5 Signals Provided From MQL5 Website Direct to the Software

To learn more about MT5 MQL5.com Signals, navigate to the MQL5.com Signals Page.

CodeBase Tab

Code-Base contains a list or a library of Automated EAs that one can purchase from through their MT5 Platform Software and then use this Automated EAs which are automated programs used to trade gold. These EA Robots are set up Automated EAs on the Gold traders MT5 Software Platform. To use these Automated EAs (EAs) one has to activate automated option within their platform a topic explained in the next course. The Code Base is illustrated Below:

MT5 Automated EAs Provided From MQL5 Website Direct to the Software

To learn more about MT5 MQL5 Automated Expert Advisors, navigate to MQL5 Trade Automated EAs Page.

Experts Tab

Shows a list of all Automated EAs that have been installed on the MT5 Platform Software, for Example the image below displays two Expert Advisor(EA) Bots are installed on this trading platform. This MT5 option also displays the specifications of each EA, these include trade settings like Take Profit Orders, Lot Size, Trailing Stop Levels and all the other custom trading parameters of the EA that has been installed on the trading platform.

Automated Trade Automated EAs Installed in MT5 Platform Software

Journal Tab

Tracks login activities of the Meta 5 trader & from which computer and the IP address of the computer used to sign in to the platform.

This is more on the technical stuff and traders do not use this one a lot and henceforth we shall not explain it here but you can look at this on your own free time, on your MetaTrader 5 Software Platform.

Study More Guides:

Trade Gold Trading