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MT4 navigational tips and techniques

  • #41
  • Apr 28, 2009 4:49pm Apr 28, 2009 4:49pm
Thanks hanover

I aliowd DLL inputs & its working

now 1 quastion more is it possible to have in mt4 a tick chart ?
( like 100 or 150 ticks etc.)
  • #42
  • Apr 29, 2009 1:00pm Apr 29, 2009 1:00pm
Quoting FXNewbie1
great tips

Now, here is something extremely useful that I haven’t found in the on-line help:

^^ that was a great tip. I use the crosshair tool, never tried holding left click I guess lol

Do you know how I can make orders faster? For example, instead of putting a price for Stop Loss, it does it by pips?

I find I always have to calculate the stop loss and take profit and sometimes there is a random spike or the price changes while I'm adjusting SL and TP which I don't notice until too late (makes me lose some money [demo]).
For someone calling himself newbie you are right on the ball with your risk management. I would love to be able to have the order ticket automatically filled with a % risk based stop - updating in real time but I have a feeling that may be asking a little too much
BTC Return This Year: na
  • #43
  • Apr 30, 2009 8:44am Apr 30, 2009 8:44am
Can anyone help me, please? I would like to adjust the SL/TP on an open order just my moving the relevant line directly on the chart, rather than having to edit the order and adjust by entering the new values.

Is there any way I can do this?
  • #44
  • May 1, 2009 9:05am May 1, 2009 9:05am
do a search for EASY EA - this can do it
  • #45
  • May 2, 2009 1:57am May 2, 2009 1:57am
Quoting dgrs
do a search for EASY EA - this can do it
Many thanks, dgrs, I'll have a good look at this.
  • #46
  • May 2, 2009 5:43am May 2, 2009 5:43am
Quoting rayclarke
Many thanks, dgrs, I'll have a good look at this.
http://www.forexfactory.com/showthread.php?t=165238

thought i'd add a link to this as it seems to get around a lot of the more clumbsy aspects of MT4.

Let me and the programmer know what you think,

Dave
  • #47
  • Edited May 3, 2009 7:45am May 2, 2009 6:13pm | Edited May 3, 2009 7:45am
does anyone know if there's a way to set up multiple indicators for one hot key? I mean say you have a favourite 5 emas or something, rather than have to put them all on one by one?

Also, maybe I've missed it, but are there keyboard shortcuts to change time frame?

re my first question, I don't mean via a template - I'm talking about the instances where you may have drawn trend lines forks etc and then finally want to put something on top - which you can remove very easily as well.

Any help much appreciated,

Dave
  • #48
  • May 23, 2009 10:03am May 23, 2009 10:03am
Is there a way easily to re-arrange/switch the positions of existing Indicators on a Currency Pair Chart ..... e.g. to move the Indicator in Indicator Window 2 (along with its settings) to the Indicator Window 1 position, so that the Indicator that was in Indicator Window 1 moves to Indicator Window 2? ( ... if you see what I mean ?!!)

(It's a real pain to have to delete Indicators at the top of the Indicator list, and re-enter them with all their settings at the bottom of the list, just to move one
Indicator up the List.)

Regards, Richard.
  • #49
  • May 23, 2009 4:22pm May 23, 2009 4:22pm
Quoting Dm3554
Is there a way easily to re-arrange/switch the positions of existing Indicators on a Currency Pair Chart ..... e.g. to move the Indicator in Indicator Window 2 (along with its settings) to the Indicator Window 1 position, so that the Indicator that was in Indicator Window 1 moves to Indicator Window 2? ( ... if you see what I mean ?!!)

(It's a real pain to have to delete Indicators at the top of the Indicator list, and re-enter them with all their settings at the bottom of the list, just to move one
Indicator up the List.)

Regards, Richard....
Afraid I don't really understand what you mean. By window 1 and window 2 if you mean the 'chart window' and the 'indicator window' I don't think this is possible as indicators are written specifically to be displayed in one or the other.

Alternatively if you mean you have a setup you want to replicate on different charts, you simply save a template (right click > Save) etc...

But I might be missing your point completely,

Dave
  • #50
  • May 24, 2009 5:01am May 24, 2009 5:01am
Quoting dgrs
Afraid I don't really understand what you mean ..... Dave
Thanks, Dave, for your prompt reply. I'm sorry that I haven't made the requirement clear. OK, so:

Say I have three Indicators (each in its own Indicator Window) displayed below the Chart Window - e.g. MACD in Indicator Window 1, Stochastics in Indicator Window 2, and Awesome Accelerator in Indicator Window 3, in that order.

Is there an easy way to move the Awesome Accelerator Indicator Window so that it is displayed immediately under the Chart Window, i.e. Awesome Accelerator in Indicator Window 1, MACD in Indicator Window 2, and Stochastics in Indicator Window 3, in that order?

[At the moment the only way I can see to do this is to delete the MACD and Stochastic Indicators (so that Awesome Accelerator is now Indicator Window 1) and then re-apply MACD and Stochastic Indicators as Indicators 2 and 3 ..... it's a real pain, and very time-consuming, for such a simple task!! I feel that there must be an easier, faster, way. I haven't been able to find an answer, despite large amounts of 'Googleing'. ]

Hope you (or someone) can help. Thanks, in anticipation. Richard.
  • #51
  • May 24, 2009 5:04am May 24, 2009 5:04am
Thank you it's very usefull.

There are no manual like this before. I always try it myself in Metatrader platform. Glad I can have my bible in operating MT4 now.

Thank you.
  • #52
  • May 24, 2009 5:13am May 24, 2009 5:13am
Quoting Dm3554
Thanks, Dave, for your prompt reply....
The only way I know of is to delete the indicator windows, and then reattach the indicators in the correct order (window #1 first). But you should only ever need to do this once, because you can save the finished result as a template, and then apply the template to any future chart.
  • #53
  • May 24, 2009 9:35am May 24, 2009 9:35am
Quoting hanover
The only way I know of is to delete the indicator windows, and then reattach the indicators in the correct order (window #1 first). But you should only ever need to do this once, because you can save the finished result as a template, and then apply the template to any future chart.
Thank you, Hanover. Yes, that's what I've been doing so far; it's tedious. It won't be quite so frustrating, though, now that I know there's not a quicker/easier way of doing it!!

Thanks, again. Richard.
  • #54
  • May 26, 2009 5:47am May 26, 2009 5:47am
I thought it would be a good idea to start putting some of these tips on video tutorials for beginners & people who are not confident with computers.

Please feel free to comment / suggest what I could cover next:

http://www.youtube.com/view_play_lis...9490425EE3AF3A

Cheers WG
  • #55
  • May 26, 2009 11:54am May 26, 2009 11:54am
Quoting welshguy2000
I thought it would be a good idea to start putting some of these tips on video tutorials for beginners & people who are not confident with computers.

Please feel free to comment / suggest what I could cover next:

http://www.youtube.com/view_play_lis...9490425EE3AF3A

Cheers WG

Isn't MT5 due out soon, it would be a shame to finish your tutorials just as it's released!

I'm sure I've read somewhere the changes are going to be significant, you guys will probably know more about that than me.
  • #56
  • May 26, 2009 9:33pm May 26, 2009 9:33pm
Hello,
I accidentally closed the "line studies" tab in my MT4 and I don't know how to reopen it. The help guide didn't help much either. Anyone out there can help?
Sorry if this is not the right place to ask this question.
Thanks in advance.

alexpio
  • #57
  • May 27, 2009 12:50am May 27, 2009 12:50am
Quoting alexpio
Hello,
I accidentally closed the "line studies" tab in my MT4 and I don't know how to reopen it. The help guide didn't help much either. Anyone out there can help?
Sorry if this is not the right place to ask this question.
Thanks in advance.

alexpio
Click on dropdown menu View, then Toolbars, then Line Studies. Active toolbars have a checkmark alongside them.
  • #58
  • May 27, 2009 4:28am May 27, 2009 4:28am
Hi to all,hopefully some one can help me.In the last line of the terminal some information are given concerning the account, Balance, Equity and also the Margin (see attached image).My question is now, how the Margin value is calculated.I treid to find it out by myself but failed.If someone could help me with that I would greatly appreciate.Thanks and best regardsAntomi
  • #59
  • May 27, 2009 4:42am May 27, 2009 4:42am
Hi to all,
hopefully some one can help me.

In the last line of the terminal some information are given concerning the account, Balance, Equity and also the Margin (see attached image).
My question is now, how the Margin value (that is shown) is calculated.

I treid to find it out by myself but failed.
If someone could help me with that I would greatly appreciate.

Thanks and best regards

Antomi
Attached Image (click to enlarge)
Click to Enlarge Name: Margin.jpg Size: 19 KB
  • #60
  • Edited 10:26am May 27, 2009 10:23am | Edited 10:26am
Hi antomi,

Margin is calculated based on the leverage that you use. In your case it looks like you have used 1:500. So every 1 lot ($100,000 of currency) is controlled by Just $200 of your equity. ($200 X 500 = $100,000)

The broker will take as margin from your account this amount, and you will have the remainder called free margin to place other trades.

Traders can blow their accounts quite easily by high leverage & underfunding their accounts in relation to the leverage.
Usually you should not risk more than 2-3% of account size on any trade. But with high leverage you are tempted to take higher risks. Be careful.

However with leverage this high, although the rewards are high, you can blow your account very fast also. The usual leverage offered by brokers is 1:100, but even lower than this is better.
It never gets easier, you just get better
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