Posts Tagged ‘MetaTrader’

In this video, you will learn about how to use the envelope indicator on the MetaTrader platform. This indicator is made of two simple moving averages, one of them is shifted upwards, and the other one is shifted downwards, creating a channel that envelopes price. This is a trend trading indicator. When price touches the upper or lower boundary, it indicates an extreme condition. You can increase or decrease the deviation […]

In this video, you will learn about the fractals indicator on your MetaTrader platform, and how to use it in your forex trading. The pattern consists of 5 candlesticks. This pattern becomes more reliable in higher timeframes. If you use this indicator in a smaller timeframe, then you will get too many buy and sell signals. There are two types of fractals, the up fractal and the down fractal. The up fractal […]

In this video, you will learn about the ADX indicator, and how to use it in your forex trading. This indicator is available on your MetaTrader platform. If you want to measure how strong or weak a trend is, you can use this indicator. It is important to assess the strength of the trend before entering a position using trend trading strategy. Weak trends may not last long and you […]

In this video, you will learn how to trade the Andrew's Pitchfork indicator in forex trading. You can use this indicator to find entries both in the direction of the trend and also reversals. The indicator consists of 3 lines in parallel. They are used to locate support and resistance levels. In an uptrend, you start with a low, high, and then another low to construct 3 parallel lines. In case of a downtrend, you start with a high, […]

In this video, you will learn about how to connect your MetaTrader software to excel software and view items live. You can watch bid price, ask price, etc. from your excel software. In order to do this, you need to first launch your MT4 platform. Then find tools, options items on the menu. Then find the enable DDE server in this window and select it. You need […]

In this video, you will learn about adding and removing windows inside your MetaTrader software. Below the chart is the terminal window. You can remove it by pressing the key combination Ctrl and T. Also, you can use the same key combination to bring it back. Next is the navigator window. You can use the key combination Ctrl and N to remove it. You can also bring it […]

In this video, you will learn about how to create a backup from your MetaTrader platform. Your computer may be infected with virus or you may face problems due to the operating system. In this case, you may want to reinstall the entire operating system. So, it is good to take a backup of important folders like templates and profiles inside your MT4 folder. You can use it […]

Before going live, you need to practice forex trading using a demo account for some time, until you feel confident with your trading strategy. So, watch this video to learn to open a demo account in the MetaTrader platform. Normally, you visit the broker's website, fill in your details to register for a demo account. For some brokers, you don't have to do that. You can do it right from […]

To install Expert Advisor in MetaTrader platform, switch to the navigator button in the toolbar. Then open the Expert Advisors folder in the Navigator window. Here, you can find all EAs available. Select the one you wish to add and drag it to the charts window. In the settings window, add a check next to Allow Live Trading in order for the EA to execute trades. In the Inputs tab, you can also configure your Expert Advisor. Your Experts […]

In this video, Shaun Overton discusses about getting MetaTrader alerts on your phone. You need to have an iPhone or android phone and you don't have the source code changed to include the words sends notification in your expert advisor or your custom indicator. Otherwise, you have to go through setting up an SMS alert which is totally different, and you have to use email. This is a lot more convenient […]