METATRADER 4 Guide version 1.0 January 2013
Content 1. Installing and Opening the MT4 Account... 1 1.1 Opening Demo Account... 1 1.2 Login... 2 2. User Interface... 4 2.1 The Market... 5 2.2 Navigator... 7 2.3 Chart... 8 2.4 Terminal... 9 3. Trading... 11 3.1 Types of Orders... 11 3.2 Opening a trade... 11 3.3 Stop Loss - Take Profit... 13 3.4 Trailing Stop... 14 3.5 Closing a Position... 15
1. Installing and Opening the MT4 Account Please log on to the secure client area on www.sensus-capital.com and select the option to download the setup file. Execute the setup file mt4setup.exe and follow the installation instructions on your screen. Once the installation is complete you can access Metatrader4 via a shortcut on your desktop. 1.1 Opening Demo Account Open Metatrader4 and Click on File - Open an account You will then be asked to fill out a registration form. Once you have finished the registration, your login details will be set up automatically and displayed on the screen. You can repeat the process for multiple demo accounts. Page 1 of 15 MetaTrader 4 Guide from Sensus Capital Markets Ltd
1.2 Login To log in, enter the log-in details provided to you when you submitted the demo download request. When you have a Live Account, we will email it to you. How to change your password? In order to change your password, you must be logged in to your account. Go to the standard Toolbar, select Tools Options and then click to the Server tab. You should see the change password box below: Page 2 of 15
Enter your current login and password, and click the Change button. Please enter your current password again and be sure that the Change the master password is selected. Now create a new password, and then confirm this in the Confirm box and click Ok. Page 3 of 15
2. User Interface Once you successfully log in to the platform, you will see the standard screen. The main commands used in the terminal are duplicated in the Toolbars in the form of buttons. General commands of terminal managing Commands for the managing of charts Page 4 of 15
Managing of objects to be imposed into charts Chart Timeframe management 2.1 The Market This window lists all the quotes for the instruments on your account. This window allows you to place market and pending orders and open new charts. Page 5 of 15
When the right mouse button is clicked in the Market Watch window, the context menu will appear where the following commands are available: New Order: Here users can open the New Order window, the user can prepare and place a market or a pending order for the symbol selected. Chart Window: Here the user can open the chart Tick Chart: This option allows the user to open the tick chart Hide: Delete the symbol from the list. Hide all: This option will delete all symbols from the list Show all: Show the list of all symbols Page 6 of 15
Symbols: This option calls the Symbols window Sets: Open the submenu that manages the symbol sets. High/Low: Add the highest and the lowest values of the daily price to the quotes displayed Time: show time of incoming quotes Auto Arrange: automatic arranging of columns when changing the windows size. Grid: Show/hide the grid separating columns Popup Prices: Opens an additional quotes window 2.2 Navigator This window allows quick access to various features of the terminal. Page 7 of 15
2.3 Chart Charts are one of the most powerful tools available to a trader. They can greatly enhance a trader s strategy if used correctly, especially for those using technical analysis. For each chart that you have open in the chart window, you can individually change its appearance and properties. In order to do this you can either follow the path Charts Properties on the main toolbar, you can right click anywhere in the chart window and select Properties, or simply use the hot key F8. Page 8 of 15
2.4 Terminal This window gives you quick access to a number of important features; mainly you re trading activities and account history. Trade: Allows you to view all open positions and pending orders. You can monitor important figures such as Balance, Equity and Margin Level. Account History: This provides a comprehensive list of all previous trading activities, but does not take into consideration current open positions Alerts: If you have set any alerts, they can be viewed here Page 9 of 15
Mailbox: You can view incoming/outgoing messages here Journal: This is a log of all operations performed while using the terminal Page 10 of 15
3. Trading 3.1 Types of Orders Market Order: A market order is an order to buy or sell a symbol at the current price. Execution of this order results in opening a trade position. Symbols are bought at ASK price and sold at BID price. Pending Order: A Pending order is an order that allows the user to buy or sell a symbol at a pre-defined price in the future. This type of order is used for opening a trade position provided the future quotes reach the predefined level. 3.2 Opening a trade To open a trade, you will need to access the order screen and there are number of ways to do this: Double click on the desired pair in the Market Watch window Click Tools New Order Right click on the pair in the Market Watch window and select new order Use the hot key F9 Right click on the Trade tab in the Terminal window and select new order However all of the above will display the following screen. Page 11 of 15
Symbol: Symbol for which the position is to be opened Volume: Specify the trade volume Stop Loss: Set the Stop Loss level Take Profit: Set the Take Profit level Comment: You can write your own personal notes regarding the trade Type: You can select the type of execution Market execution: That means you will be filled automatically at the current market price. Once you place a Sell by Market or Buy by Market your broker will confirm the execution price. Pending execution: This type of execution allows you to set a price level at which you wish to enter into a trade for the selected pair (sell or buy). After you have entered the required criteria, click Place. The position will be shown under the Trade tab in the Terminal window, even when the order has not yet been executed. Page 12 of 15
3.3 Stop Loss - Take Profit A Stop loss is a defined price at which you want your position to be closed to limit your loss when the market is turning against you. A Take profit is the exact opposite as it used to define a level at which you are happy to close the trade and walk away with the profit. The user must select the Modify or Delete Order option. Users can modify Stop loss and Take profit orders. Page 13 of 15
3.4 Trailing Stop A Trailing stop is automated and is activated once a position becomes profitable at a market price away from entry level pre-defined by the user. The order is set at a specified distance from the current market price, if the price changes in a profitable direction the trailing stop will follow automatically, if the market turns and the profitability of a position falls the order will not be modified, meaning the profit of the position will be fixed. Once you have an open position, on the Trade tab in the Terminal window, right click the position you wish to set this on and you will see the context menu on the right hand side. Trailing stops can be disabled by setting none in the managing menu. Trailing stops will only be active while the user is logged on to MT4 as trailing stops only register on the client terminal whereas stop losses remain as they are saved on the server. Page 14 of 15
3.5 Closing a Position User, who wants to close an open position can do so by selecting close order in context menu of the Terminal- Trade window or by double clicking on position they wish to close. Disclaimer: The MetaTrader 4 manual is an information service for new and existing customers of Sensus Capital Markets and does not constitute or serve as an invitation or recommendation to trade. The application and implementation of the methods used in the manual are at the sole risk of the user. Sensus makes no representations or warranties about the accuracy or the inaccuracy of the manual and its contents. Past performance is not a guide to future returns. Sensus Capital Markets specifically asks new and existing customers to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any broker. Any opinions, news, research, analyses, prices, or other information contained in this manual is provided as is, and does not constitute investment advice. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Sensus Capital Markets will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Trading Foreign Exchange (FX), contracts for difference (CFDs) and precious metals carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss to some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Page 15 of 15
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