MetaTrader Global

Pending orders are the client’s commitment to the brokerage company to buy or sell a security at a pre-defined price in the future. This type of orders is used for the opening of a trade position provided the future price quotes reach the pre-defined level. There are usually four types of pending orders available in [...]

This article is dedicated to peculiarities of transferring price constructions written in MQL4 to MQL5. To make the process of transferring indicator calculations from MQL4 to MQL5 easier, the mql4_2_mql5.mqh library of functions is suggested. Its usage is described on the basis of transferring of the MACD, Stochastic and RSI indicators. Introduction Hello dear readers! [...]

How do stop orders work in MetaTrader? Buy stop, Sell stop and Stop loss orders do NOT guarantee an order will be filled at a certain price.  Your specified price is known as the stop price.  Once the stop price is met or exceeded, the order becomes a market order.  Market orders instruct the broker [...]

At times traders may need to perform a time synchronization task when expert advisor is working. Prohibition or permission for orders opening in certain time spans during 24 hours, cancellation of suspended orders after certain time, prohibition against work of the expert advisor on holidays, trade permission only at news-time etc. may be required. Time [...]

A pip is the smallest increment in any currency pair. In EUR/USD, a movement from 1.0066 to 1.0067 is one pip, so a pip is .0001. In USD/JPY, a movement from 120.45 to 120.46 is one pip, so a pip is .01. How much in dollars is this movement worth, for example, per 100,000 Euros [...]

If you have deleted an object by accident, press Ctrl+Z to undo. Source: http://articles.mql4.com/189

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 [...]

You receive the “Trade context is busy” message when you try to process two or more orders at the same time. If you have placed a trade and do not wait until it processes completely and then try to place the same trade or a different trade, the commands go into a loop and you [...]

Hot keys (accelerating keys) are keys and their combination’s that allow you to execute various commands fast and without the use of menus or toolbars. Here is a lit of some very useful hot keys for the MT4 platform: Left Arrow — chart scrolling to the left; Right Arrow — chart scrolling to the right; [...]

Templates can also be created for charts opened from the Strategy Tester and for charts opened independently. To create a default template for charts opened from the Strategy Tester, you will need to save a template as “tester.tpl”. For offline charts, the default template must be “offline.tpl”. If the “offline.tpl” template is not found when [...]

Use F12 to move through a chart bar by bar. This function can be very useful when you develop and test your own trading strategies. Simply open a chart at the very beginning of the history (press Home) and move through it bar by bar. Shift+F12 will move through the chart backwards. Source: http://articles.mql4.com/189

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

If you have several trading accounts, you are able to create a special profile for each account. When you switch between accounts, the profiles will be opened automatically. To create a profile, you must save it under the name which is exactly the same as the account number. Source: http://articles.mql4.com/189

If you accidentally close a chart it can be reopened with all its settings using “File -> Open Deleted”. Source: http://articles.mql4.com/189

To modify a working order or create a new Stop Loss and/or Take Profit order, double-click on one of these fields in the order line. When the order window appears, enter the necessary values. Source: http://articles.mql4.com/189

Press F10 to open the Popup prices window. To enable the popup window to be “Always on the Top” right mouse click in the popup window. This will enable you quotes while working with other applications. You can also select “Properties…” in the right click menu of the popup prices window, which will allow you [...]

You can check the price range and the number of bars between two points using the ruler. To do so, select the “Crosshair” object, click with the left mouse button on the first point in the chart and drag the cursor to the second point. The first number (23) is the count of bars, the [...]

To print a chart, Press Ctrl+P. By default the charts are printed in black and white, but they can also be printed in color. Just check the “Color print” field in the “Charts” tab of the “Tools -> Options” menu. Source: http://articles.mql4.com/189

MetaTrader Expert Advisors file should have the file extension of .ex4 (compiled code) or .mq4 (sourse code). First it is necessary to copy this file to the folder Experts of the MetaTrader working directory (usually C:\Program Files\MetaTrader Broker Name or MetaTrader). The second step is to restart MetaTrader. After the restart the expert should be added to the list [...]