Archive

Posts Tagged ‘Charts’

Time saving tips for MetaTrader 4 – Templates

March 17th, 2011 Comments off

MetaTrader 4 has many features that can aid you save age during trading, today we are going to gaze at Templates and Profiles.

With Templates you will save a abundance of age by customizing all aspects of your charts, you can employ it for setting up different views of the chart, you can also load different sets of indicators and experts for each template.

You could have templates with different combinations of indicators and expert advisors and switch from one locate to another very quickly by just fair clicking on the chart on and then choosing the different template.

The best employ of templates is to locate up a Template with the designation default, if you have a template named default, MT4 will load the default template every age you open a fresh chart from the Market Watch window.

You can also open distinct customized charts and then save the collection of charts as a Profile. Prof iles can be used for example when you like to switch from a manual trading strategy where you have many indicators and chart customizations to an expert advisor trading style for when you are away from the machine.

Let’s go over the things that will be saved in a Template:

* Period: Is only saved for the default chart, if you applied a template to a open chart the period will not alter.

* Colors: You can alter the color of the chart background, Foreground, Grid , Bars, Volume, Inquiry lines and Stop levels by pressing F8 or fair clicking on the chart and choosing Properties, you will find the color settings under the COLORS TAB.

* Charts Parameters: You can alter the scale, auto-scroll, chart shift, type of bar/candle, OHLC, exhibit of the Inquiry Border, period separators , grid , volumes and more by pressing F8 or fair clicking on the chart and choosing properties, these settings will be under the COMMON TAB.

* Indicators: You can place any number of indicators and customize every indicator parameter.

* Expert Advisors: You can place an expert advisor on the charts and all its parameters on the Common and Inputs tabs will be saved.

Notice: Be very carefully when placing an expert Advisor on the default template, since every age you open a fresh charts that expert advisor will run immediately.

There are many more uses of templates and profiles, you can save age and avoid errors by using these techniques on your daily trading.

MetaTrader Tips – Setting Chart Scales

March 28th, 2010 No comments

You are able to manually set scale charts in MetaTrader by pressing F8 -> click the Common tab -> then select Scale fix.

MetaTrader Tips – Understanding MetaTrader Charts

February 8th, 2010 No comments

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

Why IBFX

Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available.

MetaTrader Tips – Chart Templates

November 26th, 2009 No comments

By using Chart Templates the chart background, bars colors, indicators and objects can be saved and used on other charts.

To do this, setup any chart as you wish: set colors, superpose objects, attach indicators, etc. Then select the “Charts -> Template -> Save Template…” menu and save the obtained template as default.tpl

406372

MetaTrader Tips – Minimize Terminal Window

November 9th, 2009 No comments

Double left click with your mouse button on the “Terminal” window title bar to minimize it to the bar of the current account status.

This is a quick and easy way to add some additional space for the charts.

To restore, double-click in the minimized window or select the “Restore” command in the context menu.

tip4

Source: http://www.metatraderglobal.com/467/metatrader-tips-minimize-terminal-window/