Learn to use MetaTrader 4 with our video tutorials

How to install MetaTrader 4

• Download the software
• Install onto your computer
• Login to your MT4 trading platform
• Create an MT4 practice account

Manage open trades in the MT4 terminal

• Display the terminal
• Understand the information contained within the trade tab
• Close an open position from within the trade tab
• Modify or delete a stop-loss and take profit from the trade tab
• Access the account history tab
• Generate a report on your trading to monitor your progress

Basic functions of MT4

• An overview of the short-cut keys
• How to open a chart
• Selecting different windows
• Opening the new order window
• The expert advisor tab
• How to change chart type
• How to zoom in and out on charts
• Using auto scroll and chart shift
• Selecting different chart time-frames

MetaTrader 4 Navigator

• How to open the navigator
• Finding your Account name and number
• Trading with multiple MT4 accounts
• Installing default indicators onto charts
• Installing Expert Advisors on to charts
• Installing custom indicators

Place a trade in MetaTrader

• Selecting a currency pair to trade
• Selecting how much to trade
• Selecting order type
• Executing long and short trades
• Setting a stop loss
• Setting a take profit
• Closing a position

Types of orders in MetaTrader

• Market Orders
• Buy Limit Orders
• Sell Limit Orders
• Buy Stop Order
• Sell Stop Order

How to use Market Watch

The Market Watch lists all currency pairs and instruments available to trade on MT4.

• Display the Market Watch
• Read the information on the Market Watch
• View additional symbols
• Load a chart from the Market Watch

Loading charts to MetaTrader

MetaTrader contains highly configurable Forex pricing charts.

• Add or remove the grid
• Select different chart types including bar, line, or candle
• Change the appearance of the charts
• Create a chart template
• Load a chart template
• Move between charts
• View multiple charts in different ways

Backtesting with Axi MetaTrader

Test the historical performance of an Expert Advisor, including profit factor, maximum drawdown and win loss ratios.

• Initiate the strategy tester
• Configuring the backtest settings
• Optimizing parameters of the position
• Run the backtest
• View a backtest report
• Display entries and exits on the chart