MetaTrader Global

I know it’s a bit late yet this hasn’t been published yet so what the hell. Hotspot recently released their trading volume figures and the numbers are simply astounding. During May 2010 Hotspot transacted over $1 Trillion total volume… May 6th was the most volatile with almost $90 billion traded in a single day. From [...]

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 [...]

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 [...]

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

When placing orders from charts there is no need to remember which type of pending orders to use. To place a pending order via a chart just right click with mouse on the desired point in the chart where you would like to place the order and select the “Trading” command in the menu. You [...]

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 back test an expert advisor (EA) follow the steps below. Open the Strategy Tester window by pressing Ctrl+R Select the expert advisor you wish to back test Select the symbol you wish to back test Select a testing model (every tick model recommended) Set a testing period Press Start

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 create several sets of symbols and switch between them. This can be very useful if you work with different groups of symbols (currency pairs, futures, etc.). This allows you to hide all “excessive” symbols and save your favourite symbols.

If news is disabled your internet traffic will be reduced. To disable news simply open the “Tools -> Options” menu and un-tick the “Enable news” field in the “Server” tab.

Your internet traffic can be reduced if the unused symbols are hidden. You are able to hide symbols several ways: 1.  Right mouse click in the “Market Watch” window then select ”Hide All”. 2. Select the symbol using the left mouse button then press Delete. 3. Right mouse click in the “Market Watch” window and select the “Symbols” command then hide/show symbols [...]

Frequently used indicators, scripts, experts and accounts can be added to the “Favorites” group to enable faster access. To add indicators, scripts, experts or accounts, click with the right mouse button on the name of the indicator, script, expert or account and select ”Add to favorites”. The listed items will be then available in the “Favorites” tab of the [...]

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.