Posts Tagged ‘MetaTrader’

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How to Add Fibonacci Tool on MT4 Platform

Chris from elite currency, in this video tutorial shows you how to place the Fibonacci tool in MetaTrader 4. So, it is a simple video to show you how to insert it on your chart. After you open your MT4 platform, look for the Fibonacci tool, then choose Fibonacci, Retracement and click on it. Now, choose a swing low, click your left mouse button, drag it, find your […]

MT4 Chart Setup and Personalisation

Charts can be setup in a variety of ways, according to your personal preference. This will usually be influenced by your preferred trading style. The MT4 trading platform allows you to create templates which can serve as the foundation for most chart types and can help you spot trading opportunities. You can choose from line, bar or candlestick charts and put these over a number of different timeframes. It is […]

Forex Moving Averages Explained — MT4 — MT5 — Simple and Exponential

A moving average chart is a graphical representation of a smoothed out price action over a set period of time. For example, from the first January to first February. The moving average displays the average closing price for one of the following timeframes such as 1-minute, 5-minutes, 30-minutes, 1-hour, 4-hour, 1-day, 1-week, and 1-month. Moving averages are commonly used to determine the prevailing trend by analysing whether the price action is below or above the moving average. […]

Best Forex MT4 Chart Indicators — MetaTrader Technical Indicators Oscillator

A chart indicator also known as a technical indicator is a series of data points that are derived by applying a formula to the price data of a traded instrument. Chart indicators can include information like the open, high, low, or close for a defined period of time. There are two types of chart indicators, leading and lagging indicator. A leading indicator which is also known as an oscillator shows a potential trend reversal before it occurs. […]

Setting up Email Alerts on MetaTrader 4 for Indicators or EA Alerts

In this video, you will learn how to setup Email alerts on your MetaTrader 4 platform. Choose “Tools” and then “Options” and the Email tab. You can use, it’s a free service. Some people have set up with Gmail or Yahoo server. Make sure you check the Enable check box. Then specify the SMP server, login, password values and the From and To email address. Now you can […]

MetaTrader 4 Tutorial - How to Measure Pips and Bars/Candlesticks on a Chart

This video will show you how to use the crosshair feature of MetaTrader 4 to measure the number of pips on a chart, as well as the number of bars/candlesticks. This feature could be very helpful to beginners and if you don’t want you can turn this feature off. When you look at the chart, sometimes you want to know how many pips market has moved from top to bottom or you want to know […]

How to Show Exact MetaTrader 4 Candle Range on Mouseover — MetaTrader 4 Tutorial

In this video, you will learn how use the candle range indicator. What is a candle range indicator? It is an indicator that shows you the range of the candle that your mouse is over. How does that work? Let’s go to indicators, then select custom and then select this indicator. Now you can modify its properties including the text color. Now, if you move […]

How to Quickly Flip through Forex Charts in MetaTrader 4 — MetaTrader 4 Tutorial

This very short MetaTrader 4 tutorial video will show you how to quickly flip through your charts, so that you can look for opportunities. This is particularly useful when you are starting the trading day and looking for opportunities in the market. You can just flip through your charts and find out what is good today, look at support and resistance levels and look at trade setups. […]

The Hidden MetaTrader Risk Reward Ratio Calculator — MetaTrader 4 Tutorial

This video shows you how to use the risk to reward ratio calculator in MetaTrader platform. But there isn’t really a built in calculator, but I can show you how to use one of the existing tools to calculate your risk to reward ratio. Basically, what we are doing is hijacking the Fibonacci tool. Let’s choose the Fibonacci tool and plot it on the chart. Right click and now we go to properties and we […]

How to Work with Chart Objects — MetaTrader 4 Tutorial

In this video you will learn how to use chart objects. It is pretty easy once you figure it out, but it can sometimes be confusing. This video will show you how to activate, move, edit and delete them. What are chart objects? They are things like horizontal and vertical trendlines, equidistant channels, fibonacci retracement levels and all that great stuff. […]