In this video I am going to show you 31 tips and tricks for metatrader 4, to learn how
to use this platform, I'd recommend you watch this tutorial on it first.
Let's go!
You can download MT4 from your broker as well as from the MetaTrader 4 website.
Downloading it from your broker will make logging into the correct server a little easier
as they will list only their servers in the server dropdown.
The crosshair tool can be used to measure the price movement on a chart.
Access it by either clicking the crosshair tool, pressing control and F on your keyboard
or by clicking the mouse wheel on your mouse.
Then just click and drag to measure the price.
The number on the left shows the number of price bars measured, the middle number shows
the number of pips x10 and the last number shows the price level the cursor is currently
point at) You can quickly copy an object by holding
the control button on your keyboard and clicking and dragging the object you want to copy.
This is especially useful when plotting channels with trendlines.
Just make sure the object is selected first before trying this.
Double click the object to select it, you will see some small boxes appear on the object
when selected You can quickly extend objects without having
to click directly on the adjustment boxes by pressing and holding Alt on your keyboard
and then clicking and dragging on a selected object.
You can quickly enable and disable the chart grid by pressing Control and G on your keyboard.
Press it again to disable it.
You can quickly enable and disable the chart period separators by pressing Control and
Y on your keyboard.
Press it again to disable them.
You can quickly close the open active chart window by pressing Control and F4
You can quickly open and close the terminal window by pressing control and T on your keyboard.
Press them again to close the window You can quickly open and close the navigator
window by pressing control and N on your keyboard.
Press them again to close the window You can quickly open and close the market
watch window by pressing control and M on your keyboard.
Press them again to close the window You can quickly open and close the price data
dialogue window by pressing control and D on your keyboard.
Press them again to close the window You can quickly change the chart type by pressing
Alt and either 1 for a bar chart, 2 for candlestick chart and 3 for a line chart.
You can quickly open the new order window by pressing F9 on your keyboard
You can quickly enable and disable full screen mode by pressing F11 on your keyboard
You can stop the chart from moving back to the present time constantly by deselecting
the 'Scroll the chart to the end on incoming tick' button
You can move the chart data one bar at a time by pressing F12 and Shift F12 to move one
candle forwards or backwards at a time.
This is especially handy when trying to back test and simulate real conditions.
You can scroll left and right on the chart by using the left and right arrow keys on
your keyboard You can scroll a full page of price data left
and right by using the page up and down buttons on your keyboard
You can jump to the start and end of the available price data on a chart by using the Home and
End buttons on your keyboard You can auto size a chart to fit the current
price data by either double clicking on the price scale, or pressing the number 5 on your
keyboard numpad You can cycle through your open chart windows
by pressing control and tab on your keyboard You can zoom in and out on the chart price
data by using the Plus and Minus buttons on your keyboard
You can set an alert on the chart by right clicking on the price level you want the alert
at, click trading, then click alert.
You will see a red arrow to show the alert is set at that level.
You can also click and drag it to a different level if required
You can customise the toolbars by right clicking on any of them and clicking customise.
You can then change what buttons are shown on each of the toolbars.
This is especially useful for removing timeframes you don't use or adding frequently used drawing
tools to the drawing tools toolbar.
You can arrange your open chart windows quickly by using the pre-set options in the Window
menu across the top of the screen.
The hotkey Alt + R will also quickly tile all your open chart windows for you.
You can arrange your chart windows over multiple monitors by pressing the restore down button
in the top right corner and then dragging the MT4 program window over the monitors you
want the charts to be on.
You can see a simple and detailed report of your trading account directly from MetaTrader
4 by right clicking in the account history tab in the terminal window and then clicking
either Save as report or Save as detailed report.
It will then ask you where you want to save the report on your computer.
Once saved, the report will automatically open in your web browser
You can jump to a specific point in time on any chart window by clicking on the chart
and then pressing enter.
A small box will pop in the bottom left corner, you can enter a date in this box to jump to
that date on the chart.
You can also enter a time if desired.
Just make sure to enter the date and time in the format shown on screen.
You can have more then one indicator inside one indicator window.
To do this, open the first indicator you want on the chart window.
Then, from the navigator window (Control + N to open this window quickly), find the second
indicator you want to open and drag it on top of the first indicator.
Both indicators will now be inside one indicator window
You can import custom indicators into MT4 by clicking the File button in the top left
corner and then clicking the Open data folder button.
This will open data file for MT4, open the MQL4 file, then the indicators file, and then
either paste or drag the two files for your new custom indicator into this file.
Restart MT4 and you new indicator will now be installed.
You can add indicators to a favourites menu by right clicking on an indicator in the navigator
window and then clicking add to favourites.
You can then see your favourites list by clicking the favourites tab along the bottom of the
navigator window.
That's 31 tips and tricks to help you use MetaTrader 4 in a more efficient and comfortable
way.
If you've found any of those tips helpful, please hit the like button so other find this
video too.
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Have fun using these new tips and tricks traders, see you next time.