Decided to help myself by watching the "Alpari MetaTrader 4 Tutorials".
MT 4 Tips
MetaTrader 4 is an extremely robust and efficient way to manage your investing. This video will demonstrate some of the platform features and will help you understand how you can start to customize the platform for your own trading. I will cover the following topics in the video.
1. Exchange rates are quoted to the 5th decimal for most forex pairs and to the third decimal place on JPY quoted pairs. This allows Alpari to offer tight spreads and to increase pricing transparency. The market watch window, account reports, order entry screens and charts will all display quote information this way.
2. The charts in MetaTrader 4 will auto scroll by default to show the most recent price action. However, when you are doing specialized analysis, you may want to turn this feature on and off. In the video I will show you how to adjust this feature.
3. The bid price is shown on the charts but depending on the pair and your trading style you may want to be able to see the ask price as well. In the video I will show you how to add the ask price to any forex pair's chart.
4. Alpari offers a wide selection of pairs to trade. Depending on your trading style and interests you may want to expand or restrict the list of symbols displayed in the MetaTrader 4 application. In this video I will demonstrate how to expand or shrink the list of forex pairs listed in the platform.
Trade Window
Entering a trade is the most critical function a forex investor can perform on the MetaTrader 4 platform. This video presentation will provide all the background you need to make sure you understand how the trade tab works and some tips for making the most efficient use of the platform. I will cover the following topcis.
1. How to adjust your trade size from micro to full 100K lots.
2. Monitoring your pending orders and advanced order entry functionality including trailing stops, stop losses and take profit levels.
3. What the "maximum deviation" function is and how to use it during extreme market volatility.
Platform Management
Monitoring your account over the long term is a critical way to understand what you are doing well as a trader and what you may need to work on. The account reporting tools in MetaTrader 4 are easy to access and to use. This presentation will answer some of the most important questions users have about the account management and reporting tools including the following topics.
1. Using the trade reports and account history tabs and customizing the information to suit your own personal style.
2. Changing system passwords for your security and convenience.
3. How to make your work more efficent by creating and using chart templates and platform profiles.
Indicators and EAs
Two of the most exciting features on the MetaTrader 4 application, especially for advanced users, is the ability to create and install custom indicators and expert advisors. This presentation will cover some of the basics for installing an indicator or expert advisor and how to make sure they are applied correctly. I will cover the following topics in the video.1. Downloading and installing a custom indicator.
2. Downloading and installing an expert advisor.
3. How to tell if your expert advisor or custom indicator is attached to the chart correctly and activated.
