en English
ar Arabiczh-CN Chinese (Simplified)zh-TW Chinese (Traditional)nl Dutchen Englisheo Esperantoet Estoniantl Filipinofr Frenchde Germanel Greekig Igboit Italianja Japanesept Portugueseru Russianes Spanish

Mt4 offline installer guide

The estimated reading time for this post is 653 seconds

Mt4 offline installer guide

Start trading mt4

install offline

Ignorance is part and parcel of Success Or failure in all ramifications. And this is the reason why we want to flash knowledge lite to the dark end of this tunnel.
Mt4 as todays case study in https:// binaryoptionslord.com, is the most offered platforms by brokers and generally accepted by traders.

Forex /MetaTrader4 trading

Before we continue we would like to state three most important thing that play vital role in forex are:
1 forex broker
2 forex traders and
3 forex trading or assets traded.
@1 Forex brokers are the mediator between buyer and seller (computing) That is an agent involved in the exchange of messages or transactions.

To act as a broker; to mediate in a sale or transaction. But this brokers have a lots of role to play in order to give you the best.
@2 A trader is person or entity, in finance, who buys and sells financial instruments such as stocks, bonds, commodities, derivatives, and mutual funds in the capacity of agent, hedger, arbitrageur, or speculator. but In the grander scheme of things, there are plenty of names and designations that traders go by.

When taking time into consideration, traders and strategies tend to fall into three broader and more common categories which is: day trader, swing trader and position trader.

@3 Forex is an online world market that offers opportunity for currencies and other valuable assets to be traded on’. Foreign exchange (also known as forex or FX) refers to the global, over-the-counter market (OTC) where traders, investors, institutions and banks, exchange speculate on, buy and sell world currencies.

MT4 tutorial

 

The liquidity providers have access to the interbank market.

1 Because in the end what happens on the market with these quotations for the euro/us dollar and so on. This is the interbank market; we cannot access this market without a broker. The broker’s job is to offer you a trading platform, it offers access to the interbank market, and for these services, what we do as traders, we pay the fee, or the broker asks for a fee.

2 It is either being viewed in this spread for example 19481 on the euro/us dollar 19488. The difference between the fifth decimal is 0.7 pips, this represents the spread, and this is one of the ways the broker makes a living. Another way is he charges a commission every time you buy or sell a currency pair, depending on the volume here. The bigger the volume, the bigger the commission.

See videos on how to use termil

 

3 But it also offers a trading platform. From a broker’s point of view, this is a two-way street, for example, it can build a trading platform on its own, but that is expensive. Or, it can licence one. Basically, it can pay for a license and then use one.

4 Why get a new one though when the most popular trading platform, the MetaTrader 4 can be used, and the traders know how to use it. The forex broker opts of course to use the easiest and cheapest option, and that is to offer the MetaTrader.

Mt4 Techniques

5 For example, I am so used to the MetaTrader4, that it is very difficult to switch to another trading platform, because it is simply wonderful. Let me explain to you how it works. By the time that you have opened an account with any forex broker, once you login, you will see this interface, this is what you have and what comes with the default settings.

6

Now, let’s open a new chart here. Go to file, new chart and then we choose a currency pair. Then you can either choose a currency pair from here, or you can pick all of the currency pairs the broker offers. You can also see the currency pairs available by simply going on the MarketWatch and clicking the MarketWatch. And this is on offer with the brokers.

7 Don’t be fooled by the simplicity here. Right-click, and either choose ‘show all’ or ‘hide all’. If you click show all, all the products that the broker has to offer will appear here. Starting with the currency pairs, continuing with CFD’s like precious metals. For example, gold, silver and so on. You then have Oil and continuing with the major indexes and so on and so forth. Depending on how big the broker is and what they offer varies.

8 When it comes to a currency pair, simply pick a currency pair. For example, let’s pick the USD/ Japanese yen. You right-click and then go to chart window and another window opens instantly. This is the euro/ us dollar which was the previous one, and here is the USD/Japanese yen, and you can open endless windows and make whatever analysis you want to make. Trading is very simple, you double-click on it choose to either buy or sell. You go to buy market, or you can go with a pending order. Buy limit, buy stock, sell limit, sell stock and so on. It is fairly simple.

9

But the biggest advantage that the MetaTrader has to offer, comes from its simplicity to use in technical analysis; you know what technical analysis means? You can look at previous pairs or use a trading theory from the past in order to forecast future prices. Because in the end, this is Forex trading and we need to do, as traders, is to forecast if the price will move to the upside or move to the downside, it is very simple.

10 Therefore if our analysis tells us that the USD/Japanese yen, for example, is bullish or will move to the upside, we will simply go and buy. If on the other hand, if it is varied, we simply go and sell. Now this chart here can be customised to what you want, for example. Let’s close this market watch like this, and then let’s arrange this chart here for you. As you can see you cannot click and drag and put it on the right side. You have to go to properties, so right click, go to properties, and we want to make it more user-friendly. We want to make it a white background and this his is how we change it.

Functions of Mt4

 

11 If we still don’t like it, and we want to see a better definition of prices and everything. So we will customise some more. We just made the background white. The foreground we want to be black, what is the foreground? This is the foreground here. We want to see the quotations. If we made it black.

That is the pricing, and now we know the level. Now we want to make, for example, let’s make the grid invisible, so there is no grid showing. We will make the grid white. White on white would make it invisible. We also have another option later. Bar Up means a candle, if this is a candlesticks chart, a bullish candle.

video tutorial

12 A bullish candle or when the market usually rises; The colour that traders associate with a bullish market is green. The colour associated with the bearish is red, so let’s make it red. And here you can see how the chart changes with the changes that we have made. The bull candle is showing green, but let’s change it to lime, and let’s make the bear candle a red one. What next. On the common tab here, it’s set to bar chart. We want to see candlesticks.

13 We don’t want a line chart; we want candlesticks for example. Show OHLC. This means open high low close. We don’t want to see it here, because already you can see it here by default and we don’t want to see the same information twice on the screen. We want it to be as clear as possible. Show grid, no grid, please. No OHLC.

Mt4 Market whatch

 

14 You see chart shift, what do you mean by chart shift? It means the price on the chart won’t be right here, and it will shift to somewhere in the middle of the screen, and you can use the half of the screen here for forecasting prices.

So, we want chart shift selected, chart auto scroll no. Why? Because if you leave the chart auto-scroll on, every time you go back in history to check back prices, each time that you click and drag, by the time that you stop the chart will come back to current prices, which we don’t want to do.

15 Ok and this is how the MetaTrader chart changed. We can Zoom in and zoom out to see various candles and various prices. Zoom in, and then we click and drag the chart all the way to here which shifted here on the right side, and now we have space here for analyzing the pair.

Mt4 Indicators

16 The MetaTrader comes with a set of indicators, every trading platform comes with an indicator list and so on. You can insert indicators. Now we can use the trend indicators, these come by default, oscillators, volume indicators, Bill Williams indicators, custom indicators or you can even import your own indicators, for example, google the MT4 indicator

Getting your indicators

17 You will find one indicator that might suit your trading style and once you have found it, you can simply import it into the trading platform. How do you do that? You go to file, open the data folder and you will find a folder named indicators, and in that folder, you copy the indicator which is presumably on your desktop and simply paste it into that folder.

Mt4 nevigator

 

 

18 After that, you close the MetaTrader platform, and you come back on the navigator’s stamp, and then you go to indicators, and it will appear here on the list, and you simply click and drag it on the screen. You drop it, and there you go, you will have the indicator applied on the screen. This is only one feature that the MetaTrader offers here regarding technical analysis.

19 But there are a lot of tips and tricks to be used. There is the help button here, to look up everything. You can customise it very easily. To do this, you go to tools, options and one of the best things to do, or the most important thing to do is to go to ‘chart’, and click on, for example, show OHLC or show trade levels. Click ‘objects’ and click on ‘select object with a single mouse click’. If you don’t do that and when you want to select an object like a tram line or a text, you have to click twice.

Clicks

20 If you are a technical trader and you make tons of clicks on a daily basis, then checking this box will save you 50% of your time when it comes to clicks. These are small trips and small tricks. Also, you can go to ‘tools’, then ‘history centre’, and the MetaTrader allows you to import previous or historical data if you have it, and you can import it from your own PC by browsing for it.

21 Or you can download it if it is already available.   Then also go and test your strategy if you have an automated trading strategy, like a trading robot. Testing it here will do more favor. You put it on Auto-trading, presumably on a VPS and move on.

22 The best platform is still the MetaTrader 4, despite the MetaTrader 5 being released, because MetaTrader 5 doesn’t allow hedging whereas the MetaTrader 4 does. And for this reason, traders love it. The article that covers the MetaTrader platform will have all these options that we have discussed and more features, and you will see why it is the first choice when it comes to retail trading.

Brief summary of mt4

Mt4 offline installer guide

When you’re looking for a top rated Forex broker, an important consideration will be the type of Forex trading platform being used.
Metatrader 4, or MT4 is possibly the industry’s favorite, and many of the best brokers use it for their platform. “Why is it such a favorite?”, we hear you asking.

 

Basically because it’s really good. Or should we say, very, very good? Because that’s actually what it is. The interface is very user-friendly, and even the most inexperienced should be able to quickly get their head around trading on such a platform. There is also a host of great tools to help traders create their own strategies, as well as technical analysis of the markets, and the option of using automated trading software.
With Metatrader 4 a trader can:

Trade MetaTrader4 with pepperstone

Share Button

1 thought on “Mt4 offline installer guide”

  1. Pingback: My Homepage

Leave a comment