Gold MetaTrader 5 Transactions Tabs Panel
The MT5 Gold Trading Platform Terminal Window Panel is mainly used for monitoring your Gold MT5 account balance, MT5 account equity and transaction reports mainly. There are other operations that can be set up on this panel but most of these are not commonly used.
On the online gold trading platform MT5 the Terminal Window Panel is illustrated below:
Terminal Window - MT5 Online Gold Software
The Terminal Window Panel has the Following Sub-Menu or Tabs:
- Trade
- XAUUSD Trading Account History
- News
- Alerts
- Mailbox
- Trading Signals
- Code Base
- Experts
- Journal
Let us look at each on its own:
Trade Tab
If you open a Gold Trading on the MT5 Platform, the transaction will then be recorded here on this Trade Tab. For Example if you sell The Gold, open a sell gold trade order the following details will be recorded on this Trade Tab panel.
Trade Tab - Gold Trading Software Trading Windows
From above example we have opened a Sell Gold: The trade details are illustrated above under column details marked
Order, Time, Type, Size, Quote, Gold 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, - Stop Loss Gold Order
T/P, - TakeProfit Gold Order
Current Gold Price
Commission, - Commission (no commission charged by this broker)
Swap, - no swap charged as per now, trade has not stayed overnight
Profit - $ 51 dollars
Most common operation after opening a trade is to place the StopLoss Gold Order & Take Profit Gold Order, These are abbreviated as S/L and T/P. There is likely no other operation to setup after this only to monitor the xauusd trades within the trading 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 & 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 as:
Modify a Gold Order on the MT5 Platform
Menu has The following Options:
- New Order - Put a new transaction
- Close - Can close this transaction at current xauusd price
- Modify or Delete - Can Modify the S/L and T/P, (order can't be deleted, delete is for pending gold orders that are not yet executed)
- Trailing Stop - Set a trailing Stop Loss Gold Order
- Profit - View profit as either pips, term gold trading or deposit currency: depending on which option you favor.
- Commission, Taxes, Comments, are additional columns which you as a trader can chose to show or hide by ticking/unticking(Checking/Unchecking) them.
- Auto Arrange - Arrange gold 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 don't Show Grid, by Checking/Unchecking This MT5 option.
To Set Take Profit Gold Order & Stop Loss Gold Order, T/P and S/L we use the third option, 'Modify or Delete', after clicking this the following panel will pop up:
S/L is placed at 250 points - 25 pips
T/P 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 Gold Order & blue part marked copy as is for Take Profit Gold Order as illustrated on screenshot below.
After that press the wide red button key marked modify to modify.
Modify a Trading Order in MetaTrader 5 gold trading Software
The order will then appear as below, note that the S/L & T/P columns for our trade have now been updated as displayed below.
Take Profit Gold Order & Stop Loss Gold Order Levels Shown on Meta gold trader Platform
S/L and T/P Order Details Updated on the Meta 5 trader Platform Transaction Window
If you were to close above trade now, then trades will be updated as follows, to reflect that the trade has been closed and the profit added to your MetaTrader 5 account balance.
Gold Account Balance Updated on MT5 Platform
XAUUSD Trading Account History
This is used to generate trade reports of xauusd trades that have been opened previously and have been closed. This is a record of all previous transactions.
Trade Reports Panel on MetaTrader 5
On the above example, there are currently no trade records on this transaction history recorded. There needs to be a couple of closed trade transactions 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 Gold Trading Account History Transaction Tab
From above example, once our open gold order was closed the transaction was then recorded as an entry within 'Account History' of the MT5 Gold Trading Platform
MetaTrader 5 Gold Account History Menu
Gold Trading Account History Menu
This menu is shown above and 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 formatting purposes but not for trading in general, therefore we shall not look at these as they are self-explaining)
The following 6 options are Shown Below:
All History, Last Three Months, Last Month or a Customized Period - all these options can be used to select the time period for which you as a trader want to generate the history of transactions.
Save as Report, Save as Detailed Report - This will generate a report of all trade transactions along with profit & loss calculation, draw down calculation, profit factor calculation, expected payoff factor of the system you use along with total number of profitable trade transactions, losing ones, average loss per trade and the average profit per trade as illustrated below.
Generating Trade Reports of Your Gold Account in MT5 Trader Platform
Save as Report
Save as Detailed Report
Saving detailed Reports of Transactions History on Meta Trading 4 Software
News Tab
This is the third option within the MT5 Terminal Window this panel is used to display a list of current news provided as a news feed by your xauusd broker. This is shown below:
Gold Trading News Stream on MT5
Alerts Tab
This is used to set an alert for xauusd price when it reaches a pre determined level. For examples you might be using a Bollinger bands, an indicator that forms an upper boundary and lower boundary & you want to set an alert for xauusd 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 current xauusd price, we shall open the Alerts Tab, & right click to activate the menu below:
How to Set Gold Price Alerts in MT5
On the above panel, choose, Create & create one as follows:
Setting Gold Price Alerts on MT5 Software
Put the sound as the alert action, gold symbol is the Gold, set the condition to set is when bid xauusd 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 maximum of 50, then choose OK to activate it.
Setting Gold Price Alerts in MT5
The above alert is then set and an alert will sound off once this xauusd price of Gold goes below this level.
By right-clicking on this, the Alert Menu will provide options for modifying it, deleting it or turning it off. You can download the MT5 & practice opening This MT5 option to see how you can put a new alert or delete the same or modify it.
Mailbox Tab
Mailbox is used to view messages which have been sent to you, to your Online gold software as illustrated below:
Mail Box on MetaTrader 5
XAUUSD Trading Signals Tab
Contains of a list of Gold Trading Signal Providers that traders can subscribe to through their MT5 Gold Trading Platform, this is shown below, one can select any signal provider and click subscribe to get the trade signals.
MT5 Signals Provided From MQL5 Gold Trading Website Direct to the Software
To learn more about MT5 MQL5 Signals, navigate to the MQL5 Gold Trading Signals Page.
CodeBase Tab
CodeBase contains a list or a library of Automated Gold Expert Advisors that one can purchase from through their MT5 Gold Trading Platform & then use this Automated Gold Expert Advisors which are automated programs used to trade gold. These EA Gold Robots are set up Automated Gold Expert Advisors on the traders MT5 Platform. To use these Automated Gold Expert-Advisors (EAs) one has to activate automated trading option within their platform a topic explained in the next tutorial. The Code Base is shown Below:
MetaTrader 5 Automated Gold Expert Advisors Provided From MQL5 Gold Trading Website Direct to the Software
To learn more about MT5 MQL5 Automated Gold Trading Expert-Advisors, navigate to the MQL5 Gold Trading Automated Expert-Advisors Page.
Experts Tab
Shows a list of all Automated Gold Expert Advisors that have been installed on the MT5 Platform, for Example the image below shows two EA Gold Trading Bots are installed on this gold trading platform. This MT5 option also shows the trading specifications of each EA, these include trading parameters such as Take Profit Gold Orders, Lot Size, Trailing Stop Levels & all the other custom trading parameters of the Expert Advisor that has been installed on the gold trading platform.
Automated Gold Trading Automated Expert Advisors Installed in MT5
Journal Tab
Tracks login activities of the Meta 5 trader and from which computer and the IP address of the computer used to login to the platform.
This is more on the technical stuff & traders don't use this one a lot & therefore we shall not explain it here but you can look at this at your own free time, on your MT5 Gold Trading Platform.
