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May 07, 2018

MetaTrader 4: best tips and tricks

Create a chart template

If you’re using the metatrader 4 web platform for trading, you probably use technical analysis, so more than one indicator, and a template lets you cover predefines indicators on a chart. By doing a template, you load the predefines indicators and you don’t have to set them up every single time you open a new chart. To do this, open a new chart, then apply the indicators that you want to use on your chart. Then, proceed to click right anywhere on the chart – a drop down menu will appear. At this point, click on ‘Template’, then on ‘Save Template’. You can now name the template then click again on ‘Save’. To load your indicators on a new chart, go to the ‘Template’ option again and press the ‘Load Template’ button.

Save a profile

After you’ve chosen the layout for your platform, you can save its profile. Keep in mind that it’s different from saving a template because it includes the complete layout and the view of your platform.

When it comes to saving the profile, every chart is placed where it used to be, together with all its settings, but all the changes are automatically saved in the present profile. This is actually different than making a template, mostly because all the indicators are saved on a single chart. So to do this, set a group of charts on the platform that you want to use for work. Then go to ‘File’, which is placed in the top left-hand corner of the platform. Then choose ‘Profile’ from the drop down menu and press on ‘Save As’ from the sub drop down menu. Then you can name the new profile. To load it, go back to ‘Profile’ and click left on ‘Load Profile’

Print a trading statement

You can get pieces of information of all your trades by going to ‘Account History’ from the Terminal window. Because of some tax purposes, people need a printed statement of these trades. To do this, go to ‘Account History’ and choose a certain period in which trades happened. Then proceed to click right anywhere in ‘Account History’, as a drop down menu will make its appearance. You can now either choose a ‘Save as Report’ or ‘Save as Detailed Report’. After this, click on ‘Save As’ or simply ‘Print’.

View the profit in points, term currency or base currency

By default, the profit and the loss are seen on the ‘Terminal’ window as the base currency. But, fortunately, there’s a way of seeing them in points of terms currency. For this, go to the ‘Terminal’ window and click right anywhere on it. The drop down menu will appear. Put the mouse on ‘Profit’ and from this, you’ll encounter another drop down menu. You will now have to make a choice: see them in points, terms currency or deposit currency.  

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