Working with Metatrader 4

How to trade company stocks in MetaTrader 4

Using MetaTrader 4 to trade CFDs (contract for difference) is a little different from trading forex. One way you can see a list of CFD prices for shares using the MetaTrader 4 is to open the ‘Market Watch’ window. From the resulting list, you can right-click on the symbol of choice and select the ‘Chart’ window if you want to open a price chart.

Another way to do this is to click on ‘Window’ at the top of the MT4 platform, then select ‘New Window’, and then ‘Share CFDs’. Here, you will find a list of shares you can trade. When you find the shares you want to trade, click on ‘New Order’ on the toolbar to open an ‘Order’ window. From this point, you just have to choose your trade size and whether to deal at the market or work a stop or limit order.

If you do not see your desired shares, then you need to know how to add stocks to your MetaTrader 4. To do this, simply click on CTRL+U and then look for the Share CFD folders in the navigation pane. To add to your displayed Market Watch list, you just need to click on ‘Show’ and, afterwards, ‘Close’. Once you check the newest list, the desired price will now be displayed as the last item in the ‘Market Watch’ window.

How to add indices to MetaTrader 4

Once again, open the ‘Market Watch’ window. Right-click in the window and select ‘Symbols’. Search for the folder in the navigation tree labelled ‘Cash Indices’. Expand them to reveal the Stocks Index CFDs available. To add one of these indices to your ‘Market Watch’ window, select them and click ‘Show’. Click on the ‘Close’ icon when finished with the ‘Symbols’ window and your new instrument will appear at the base of the ‘Market Watch’ window.

How to add commodities to MetaTrader 4

We use the same method for adding commodities to MT4 as adding CFDs on Indices and Shares. If you want to add Silver to your MetaTrader 4, for example, open the ‘Symbols’ window using the CTRL+U shortcut. Look for and expand the Spot Metals 1 folder where you will find Silver.

Select the Silver and then click ‘Show’ and ‘Close’. Silver will begin to appear at the bottom of the ‘Market Watch’ price list window.

How to add currency pairs in MetaTrader 4

You can do this just the same way we did when adding commodities to the MetaTrader 4 platform.

Add a Gmail account to your existing email account for the sole purpose of relaying these messages. Click ‘Test’ to make sure it works before you click ‘OK’.

How to Navigate in MetaTrader 4

Here are some of the things you need to know in regard to navigating the MetaTrader 4 platform:

How to show trade history in MetaTrader 4

You can make use of the ‘Terminal’ window to view the trade history on MetaTrader 4, which you can open and close using the CTRL+T shortcut. In the ‘Terminal’ window, click on the ‘Account History’ tab, then right-click anywhere you want in the window, and you will see a menu providing you with some options, including ‘All History’, ‘Last Month’ and ‘Last Three Months.’ With this, you can choose to save a detailed report.

This report includes all trading information you will require, such as MetaTrader 4 trade execution time, profit & loss, prize, and size. 

How to install MetaTrader 4 Indicators

The MetaTrader4 platform has many core trading indicators. You can check out the indicators in the ‘Indicators’ folder in the ‘Navigator’ window. You can increase your navigator count by installing custom indicators from the folder highlighted.

The easiest way to increase your indicator count is by installing the MetaTrader Supreme Edition. This is a custom plugin developed by the company’s professionals with a selection of additional indicators. 

How to find WMA in MetaTrader 4

WMA, which stands for the weighted moving average, is a type of moving average that can be found as part of the Moving Average Indicators in MT4. First, double-click on the ‘Moving Average’ in the ‘Indicators’ folder of your ‘Navigator’ to add the Moving Average Indicator to your chart.

This will open a dialogue window, in which to set the indicator parameters. Using the Moving Average Method will help you select what type of moving average you will be making use of when trading – the Linear Weighted gives you a Linear Weighted Moving Average (LWMA).

Now that we have covered some of the most important aspects of trading with MetaTrader 4 and Navigating the Platform, we have to look at the benefits and advantages of using the MetaTrader 4 platform.

How to set MetaTrader 4 alerts

Select the ‘Alerts’ tab from the ‘Terminal’ window. Right-click and choose ‘Create’ anywhere in the ‘Alerts’ window. You then need to fill in the alert requirements, such as which market you want to alert; what ‘value’; what ‘condition’ to apply; and when you want the alert to expire.

How to activate email alerts in MetaTrader 4

Use the shortcut ‘CTRL+O’ to open the window ‘Options’ and click on the tab ‘Email’. You then need to fill in the areas to configure which email server and address you are using to relay the email alerts, and which email address you want to receive the alerts at the end of the day.

Click ‘Enable’ first, and then fill in the different areas. You may find that the configuration fields for ‘SMTP’ (Simple Mail Transfer Protocol) are worth creating a Gmail account for, for relaying these messages on the previous Gmail account. Make sure you click ‘Test’ to check the functionality before clicking the ‘OK’ button.