You are able to manually set scale charts in MetaTrader by pressing F8 -> click the Common tab -> then select Scale fix.
The current price shown on an MT4 chart is the bid price. When looking at a price bar or candle, you must add the spread to the high bid price to know what the high ask price would have been, or add the spread to the low bid price to know what the low ask would have been.
If you are in a sell (in at the Bid out at the Ask), you would not see the candle reach your stop loss if you are taken out of the trade. For example with a stop loss of 1.4580 on the EURUSD once the chart reached 1.4578 (2 pip spread) you would be taken out of the trade at 1.4580. Your take profit would not trigger until the ask price hits. For example with a take profit of 1.4540 on the EURUSD once the chart reached 1.4538 (2 pip spread) you would be taken out of the trade at 1.4540. These examples are based on our spread shown under normal market conditions. Our spreads are not fixed and will fluctuate with news or other high / low volume conditions.
If you are in a buy (in at the Ask and out at the Bid), you will see the bid price on the chart.
Free IBFX MetaTrader Demo Account
Open a Live IBFX MetaTrader Account
Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available.
Looking for a MetaTrader Broker with a local office in India?
MetaTrader India recomends Alpari Forex (India) Pvt. Ltd. is a company formed under the Indian Companies Act, 1956.
To find out more and to open an account visit http://www.metatrader.in/metatrader-forex-broker/
Alpari offers Online Trading in Forex via MetaTrader 4 (MT4), one of the world’s most recognised Forex trading platforms for stability and reliability. MT4 is highly regarded and very popular among traders as they enjoy a variety of useful features including Expert Advisors and custom indicators, a complete technical analysis package, professional charting tools and quotes history for back testing.
Alpari MetaTrader 4 Platform
To find out more and to open an account visit http://www.metatrader.in/metatrader-forex-broker/
MetaTrader 4 is a professional online trading software platform which is designed to help traders by providing them broker services in the Forex, Futures and CFD markets. It is stand alone software platform and no other platform is required while using this software. This software doesn’t operate on Windows 95. The platform is renowned worldwide for its high standards of business performance and is currently being used by over more than thousand companies.
FREE MetaTrader 4 101 eBook
