Gold MetaTrader 5 Transactions Tabs Panel
The MT5 Platform Terminal Window Panel is mainly used for monitoring your MT5 account balance, MT5 account equity & transaction reports mainly. There are other operations that can be set up on this panel but most of these aren't commonly used.
On the online trading platform MT5 the Terminal Window Panel is illustrated below:
Terminal Window - MT5 Online Software
The Terminal Window Panel has the Following Sub-Menu or Tabs:
- Trade
- XAUUSD Account History
- News
- Alerts
- Mailbox
- Trade Signals
- Code Base
- Experts
- Journal
Let us look at each on its own:
Trade Tab
If you open a Gold on the MT5 Software, the transaction will then be recorded here on this Trade Tab. For Example if you sell The XAUUSD, open a sell trading 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 are illustrated above under column details 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, - Stop Loss Order
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 dollars
Most common operation after opening a trade is to place the StopLoss Order & TP Order, These are abbreviated as S/L & T/P. There is likely no other operation to setup after this only to monitor the trades within the trading platform workspace 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 RightClick anywhere within this Trade Tab, part shaded grey, following menu will appear, this is used to make changes to the current order that's open.
This will appear as:
Modify a Order on the MT5 Platform
Menu has The following Options:
- New Order - Put a new transaction
- Close - Can close this transaction at current price
- Modify or Delete - Can Modify the S/L and T/P, (order can't be deleted, delete is for pending orders that are not yet executed)
- Trailing Stop - Set a trailing Stop Loss Order
- Profit - View profit as either pips, term 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 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 use the third option, 'Modify or Delete', after clicking this the following panel will popup:
SL 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 as illustrated on screenshot below.
After that press the wide red button marked modify to modify.
Modify a Order in MetaTrader 5 trading Software
The order then will appear as below, note that the S/L & T/P columns for our trade have now been updated as shown below.
Take Profit Order & Stop-Loss Order Levels Shown on Meta trader Platform
S/L & 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 equity balance.
Account Balance Updated on MetaTrader 5 Platform
XAUUSD Account History
This is used to generate trade reports of 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 records on this trade 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 transaction was then recorded as an entry within 'Account History' of the MT5 Software
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 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 3 Months, Last Month or a Customized Period - all these options can be used to choose 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 and loss calculation, draw-down calculation, profit factor calculation, expected payoff factor of the system you use along with total number of profitable trades, losing ones, average loss per trade and the average profit per trade as illustrated 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 Platform Software
News Tab
This is the third option within the MT5 Terminal Window this panel is used to display a listing of current news provided as a news feed by your broker. This is shown below:
Gold News Stream on MT5
Alerts Tab
This is used to set an alert for price when it gets-to a predetermined level. For examples you may be using a Bollinger bands, an indicator that 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 current price, we shall open Alerts Tab, and right click to activate the menu below:
How to Put Price Alerts in MT5
On the above panel window, choose, Create & create one as follows:
Putting Price Alerts on MetaTrader 5 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 maximum of 50, then select OK to activate it.
Putting Price Alerts in MT5
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 adjusting it, deleting it or turning it off. You can download the MetaTrader 5 & 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 software as shown below:
Mail Box on MetaTrader 5
XAUUSD Trade Signals Tab
Contains of a list of Trading Signal Providers that traders can subscribe to through their MT5 Platform, this is pictured below, one can select any signal provider & click subscribe to get the signals.
MT5 Signals Provided From MQL5 Website Direct to the Software
To learn more about MT5 MQL5.com Signals, navigate to the MQL5 Trade Signals Page.
Code Base Tab
Code-Base contains a list or a library of Automated Expert Advisors that one can purchase from through their MT5 Platform & then use this Automated Expert Advisors which are automated programs used to trade gold. These EA Robots are set up Automated Expert Advisors on the traders MT5 Platform. To use these Automated Expert Advisors (EAs) one has to activate automated trading option within their platform a topic explained in the next tutorial. The Code Base is illustrated Below:
MT5 Automated Expert Advisors Provided From MQL5 Website Direct to the Software
To learn more about MT5 MQL5 Automated Expert Advisors, navigate to MQL5 Trade Automated Expert Advisors Page.
Experts Tab
Shows a list of all Automated Expert Advisors that have been installed on the MT5 Platform, for Example the image below displays two Expert Advisor Bots are installed on this trading platform. This MT5 option also shows the trading specifications of each EA, these include trade settings such as TP Orders, Lot Size, Trailing Stop Levels & all the other custom trading parameters of the Expert Advisor that has been installed on the trading platform.
Automated Trade Automated Expert Advisors Installed in MT5
Journal Tab
Tracks login activities of the Meta 5 trader & from which computer and the IP address of the computer used to login to the platform.
This is more on the technical stuff and traders do not use this one a lot and therefore we shall not explain it here but you can look at this at your own free time, on your MT5 Software.
