Basic introduction of MT4

 

Four basic section: market watch area, navigation area, chart area, terminal area

  • Market Watch Zone
    Show quotes for Forex, commodities, CFDs. Just press the right mouse button to hide or display symbols, view the symbol specifications and charts, or directly create new orders.
  • Navigation area
    Provides quick navigation of account management, technical pointers, Expert Advisors and other functions. You can expand or retract the options under the title by pressing the "plus" or "-" icon.
  • Chart area
    After adding the symbol to the chart area, you can select a bar chart, a candlestick or line chart for analysis or a trade order according to your own needs. By pressing the Chart menu at the top of the MT4 interface, you can select a bar chart, a candlestick or a line chart.
  • Terminal area
    Displays details of all closed orders and pending orders, as well as alerts, email notifications, news, and more.

What is the time in MT4 trading software?

Whether it is time in the chart area, when the order opens and closes, or the quoting time and trading time in the symbol specification, it is GMT.

GMT is 8 hours slower than Taipei time, assuming your order is closed at 13:38:55 on February 20, meaning that this order was closed at 21:38:55 Taipei time on February 20.

How do I find a specific symbol?

Press the right mouse button in the "Market Watch" area, select the "Symbols", you can see all the tradable securities of ADSS, including major and secondary currency pairs, precious metals, spot index, index futures and commodities such as coffee beans and U.S. crude oil.

How do I order?

Method 1

  1. In the "Market Watch" area, with the right mouse button to press any symbol, select "new order";
  2. Set lot number, transaction type, and then press the sell order key or pay button.

Method 2

  1. Press the Tools menu at the top of the MT4 interface;
  2. Select the symbol, set lot number, trading type, and then press the selling order key or pay button.

Method 3

  1. Press the right mouse button at any point in the chart, select Trade-New Order, the order window will pop up;
  2. Select the symbol, set lot number, trading type, and then press the selling order key or pay button.

How do I modify my order?

Orders that have entered or have not yet entered the market can be modified before closing the position. The steps to modify the order are as follows:

  1. In the terminal-trade with the right mouse button to press the order you want to modify, select "modify or delete the order", the order window will pop up;
  2. Set or modify stop-loss and take-profit prices;
  3. Press the blue "Modify" key and the system will display "Please wait" to indicate that the order is being processed.

When the order window disappears, you can see the stop loss and take profit price set for the order in Terminal-Trade.

How do I close a position?

Closing a position means that a trading order is no longer held and a profit and loss settlement is settled, and the steps to close a position are as follows:

  1. In the Terminal-Trade, with the mouse to press two orders to close the position, the order window will pop up;
  2. Press the yellow Close key and the system will display "Please wait" to indicate that the order is being processed.

When the order window disappears, you can see the order details of the closed positions in Terminal-Account History.

How do I cancel a pending order?

As long as the pending order has not been sent to the market, you can cancel the pending order at any time. Here are the steps to cancel the pending order:

  1. In the terminal-trade, right click on the pending order you want to cancel, select "modify or delete the order", the order window will pop up;
  2. Press the yellow Delete key and the system will display "Please wait" to indicate that the pending order is being cancelled.

When the order window disappears, you can see the cancellation of pending orders details in Terminal-Account History.

How do I change the chart color match?

You can change the chart style and color yourself, as follows:

  1. Press the Chart menu at the top of the MT4 interface;
  2. Select Properties to set charts, candlesticks, bid lines, and more to your favorite color.

How do I set up a single order at the click of a button?

Press the right mouse button at any point in the chart and select One Click Trade to see a small window of the buy and sell quote selling in the upper left corner of the chart. From then on, simply click SELL or BUY to quickly set up an order.

How do I set up a one-click closing position?

The one-click close function helps you close positions quickly to achieve a stop loss or take profit effect. Here are the steps to set up a one-click closing:

  1. Press the Tool menu at the top of the MT4 interface and select Options;
  2. Select the "Trade" selected order, check "Click Trading", and then press OK;
  3. Clicking on the disclaimer for the transaction will pop up, and when you've read it, check "I accept these contract terms" and press OK.

When this feature is turned on, you only need to press the "X" close quickly in the "Profit" column on the far right of the Terminal-Trade slot. Please note that if the wrong touch of a key closing function causes the order to be closed, we will not be able to resume your order and will not make any compensation for the losses you have suffered.

How do I view charts for different time periods?

Our MT4 trading system provides one-minute to monthly charts for traders to perform long- , medium- and short-term trading analysis. Just click on the "Trimeframe" in the Chart menu at the top of the MT4 interface to see the price movements of different time periods. M15 is a 15-minute chart, meaning that each candle (also known as a K-bar) represents a 15-minute price movement.

How do I import my own Inidcator tool?

  1. Press the "File" menu located at the top of the MT4 interface and select Open Data Folder;
  2. In the data folder window, click the MQL4 folder;
  1. In the MQL4 folder window, click the Indicators folder;
  2. Drag your indicator tool program to the Indicators folder, then close the window and return to the MT4 trading system;
  3. Press the Insert menu at the top of the MT4 interface and select Technical Indicators- Custom to see the indicator tool you just imported.

How do I import my own EA?

  1. Press the "File" menu located at the top of the MT4 interface and select Open Data Folder;
  2. In the data folder window, click the MQL4 folder;
  1. In the MQL4 folder window, click the Experts folder;
  2. Drag your EA to the Experts folder, then close the window and return to the MT4 trading system;
  3. In the navigation area, click on the EA Trading, press the right mouse button, select Refresh, you can see the EA you just imported.

My MT4 trading system is not responding.

The icon in the lower right corner of the MT4 interface shows the connection status of the network and account. If the status is shown to represent that your account has not been successfully connected to our server, please check your Internet connection, the server at time of login and the version of the MT4 trading system.

  • Check the server at the time of login:
    The server of the MT4 live account is ADSS-Live1, and the server of the MT4 demo account is ADSS-Demo.
  • Check the MT4 trading system version:
    press the Help menu at the top of the MT4 interface and select About, the MT4 version is displayed at the bottom left of the small window, e.g. version: 4.00 build 1260.

Common technical indicators (linked to sectors such as Winson FX101)

  • Stochastic Random Metrics
  • RSI (Relative Strength Index) Relative Strength Indicator
  • CCI (Commodity Channel Index) Trend indicators
  • Bollinger Band
  • MA Moving Average
  • MACD Moving Average Convergence Divergence