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MT4 navigational tips and techniques

  • #921
  • Sep 1, 2015 5:25am Sep 1, 2015 5:25am
Quoting Bicarus
is there a way for me to make one click trading into a macro for my mouse/keyboard?
One click trading gets it down to a single click -- it's hard to imagine that MT4 would offer anything more automated than that.

I use AutoHotkey (more info/download: here here here) for automating a huge variety of tasks on my computer (not just MT4). It's free and open source. Like everything else, it takes a little effort to learn (although there are some reasonably good YouTube videos), and it obviously helps if you have some programming experience. Beyond macros, it also includes a full-featured programming language: among other things, I used it to write an app to download news announcements from Forex Factory's calendar, maintain a historical database of the announcements, and refresh an indicator that plots the announcements on MT4 charts.
  • #922
  • Oct 24, 2015 12:22pm Oct 24, 2015 12:22pm
Does anyone know how I can get the chart periodicity back to displaying? It used to display. Then one day it was a floating bar, and I closed it and it disappeared! Now to change TF I have to click Charts>Perodicity>
I can't just click on 15m or 4h. Pain in the butt~!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 32 KB
~5StarForexSystems~
  • #923
  • Oct 24, 2015 12:26pm Oct 24, 2015 12:26pm
Quoting LorraineP
Does anyone know how I can get the chart periodicity back to displaying? It used to display. Then one day it was a floating bar, and I closed it and it disappeared! Now to change TF I have to click Charts>Perodicity> I can't just click on 15m or 4h. Pain in the butt~! {image}
Attached Image
  • #924
  • Oct 25, 2015 9:38am Oct 25, 2015 9:38am
Quoting honestknave
{quote} {image}
Thank you so much!
~5StarForexSystems~
  • #925
  • Oct 25, 2015 11:15am Oct 25, 2015 11:15am
Quoting LorraineP
{quote} Thank you so much!
no problem
  • #926
  • Oct 29, 2015 9:20am Oct 29, 2015 9:20am
Question for the experts: Is there functionality in MT4 to set a pending order for a partial stop vs full stop ? Example, trading 1 lot and if price moves against the position 20 points then have a pending order to stop out .50 lots instead of the whole position.
  • #927
  • Oct 29, 2015 10:32am Oct 29, 2015 10:32am
Quoting freundr
Question for the experts: Is there functionality in MT4 to set a pending order for a partial stop vs full stop ? Example, trading 1 lot and if price moves against the position 20 points then have a pending order to stop out .50 lots instead of the whole position.
By definition a stop order has not yet opened, and so nothing forbids you to change it. If it was open it is no longer a pending order but has become a market order and the stop loss concerns the entire position. Partial closure of the order at a loss have to do it manually or through a trading system.
  • #928
  • Oct 29, 2015 12:17pm Oct 29, 2015 12:17pm
I'm a bit confused with 'Objects' on the MT4 platform. I'm very new to trading and MT4 so please excuse my stupidity here - I wanted to mark significant values on the GBPUSD chart, I put them on with horizontal lines, fine. I later closed that chart by mistake (newbie... stupid...) so re-opened it from the symbols menu. It came up with the default black / green chart, with no objects on it at all. Why?! I have a template to make the chart look like my learning base ones - but if I apply that template to a new chart, all objects are wiped... is there a way to keep all objects on a symbols chart perpetually unless I delete them, and is there a way to make those objects appear on other profiles too?
  • #929
  • Edited 1:45pm Oct 29, 2015 1:35pm | Edited 1:45pm
Quoting Davince
I'm a bit confused with 'Objects' on the MT4 platform. I'm very new to trading and MT4 so please excuse my stupidity here - I wanted to mark significant values on the GBPUSD chart, I put them on with horizontal lines, fine. I later closed that chart by mistake (newbie... stupid...) so re-opened it from the symbols menu. It came up with the default black / green chart, with no objects on it at all. Why?! I have a template to make the chart look like my learning base ones - but if I apply that template to a new chart, all objects are wiped... is there...
When you close a chart, any settings, indicators and objects are not saved. If you want to save them, you need to save everything as a template before closing the chart, and then when you later open a chart (for any pair/instrument), you simply apply any template that you saved previously, and all settings, indicators and objects are restored. (However, note the following: if you have a horiz line plotted at (say) 1.10 on EURUSD, save as a template, and then you open EURCHF, and apply the saved template, there will be a line plotted at 1.10 there. This is because objects in templates are saved with their time and price co-ordinates, independent of the currency pair. You could get around this by explicitly saving a template of a different name for each pair).

When you open a chart, MT4 uses its own default settings, and with no indicators or objects. If you want to change this default, change the settings and add any indicators and objects that you wish, then save the result as a template named 'default'. Then when you open any new chart, all of these settings/indicators/objects will automatically be applied.

A profile simply saves the entire workspace --- all charts with the current settings/indicators/objects on each chart. Recall a profile and all charts are restored to the way they were when the profile was saved.

For better or worse, that is the way that MT4 works. Please don't shoot me, I'm just the messenger.
  • #930
  • Oct 29, 2015 2:22pm Oct 29, 2015 2:22pm
thanks Hanover that's a great explanation. Just a very different workflow from the sort of software I'm used to where 'template' is always something you save as a base for all variations so I got tripped up a bit! Will resume freshly armed with new knowledge thanks!
  • #931
  • Oct 29, 2015 6:34pm Oct 29, 2015 6:34pm
Quoting Dainesi
{quote} By definition a stop order has not yet opened, and so nothing forbids you to change it. If it was open it is no longer a pending order but has become a market order and the stop loss concerns the entire position. Partial closure of the order at a loss have to do it manually or through a trading system.
So, manually or EA is the only way to achieve a partial closure of the position ? I did a demo with Ctrader and you could scale out on TPs and on SLs at multiple levels.
  • #932
  • Oct 30, 2015 12:46am Oct 30, 2015 12:46am
Quoting freundr
Question for the experts: Is there functionality in MT4 to set a pending order for a partial stop vs full stop ? Example, trading 1 lot and if price moves against the position 20 points then have a pending order to stop out .50 lots instead of the whole position.
If your br0ker allows same-pair hedging (having buy and sell orders open simultaneously in the same pair), then there's nothing to stop you from opening (say) a buy order for 1 lot without a SL, and then one or more pending sell orders for less than 1 lot, at the level(s) you want to reduce your net position (which has the same net effect as partially closing the original position). But you'll pay spread on the additional positions if/when they open, and also swap on the difference, hence it would be more efficient to either partially close the original 1 lot position manually, or run an EA to do the same thing. And, if you use the hedging technique, you'd still need to close out the positions manually when you finally want to close everything.

Using your example, suppose you buy 1 lot without a SL, and then create a sellstop size 0.5 lots 20 pips below your buy entry. If/when price falls the 20 pips, your sell order will trigger. After that, any P/L on the original position will be half-reduced by the P/L on the second position. For example, if price falls another 50 pips, you will lose another 50 pips x 1 lot on the original buy, but will gain 50 pips x 0.5 lots on your sell. That's the same net effect (a loss of 50 pips x 0.5 lots) as if you'd closed half of the buy position. But you're paying additional spread just to have the sell position open, and you still need to close both positions at some future point.
  • #933
  • Oct 30, 2015 9:04am Oct 30, 2015 9:04am
Quoting hanover
{quote} If your br0ker allows same-pair hedging (having buy and sell orders open simultaneously in the same pair), then there's nothing to stop you from opening (say) a buy order for 1 lot without a SL, and then one or more pending sell orders for less than 1 lot, at the level(s) you want to reduce your net position (which has the same net effect as partially closing the original position). But you'll pay spread on the additional positions if/when they open, and also swap on the difference, hence it would be more efficient to either partially close...
Thanks for the input Hanover. I had a similar thought to what you described above, but didn't want to PAY my broker for a new order to partially close an existing order. Time to look for EAs I suppose. I was hoping I had missed some functionality in MT4.
  • #934
  • Oct 30, 2015 9:33am Oct 30, 2015 9:33am
Greetings

is it possible to keep charts in a particular order on MT4 ?

When having multiple charts open I like to organize them, be it alphabeticaly, starting with for e.g. the AUDcrosses and ending with USDcrosses or some other way, for example the majors as one group and indeces and/or metals in another

Each time we close and open MT4 anew all the charts are in chaos again. Wondered whether there was a solution to this that could permanently keep charts in the order we created.
  • #935
  • Oct 30, 2015 10:18am Oct 30, 2015 10:18am
Quoting livindaylite
Greetings is it possible to keep charts in a particular order on MT4 ? When having multiple charts open I like to organize them, be it alphabeticaly, starting with for e.g. the AUDcrosses and ending with USDcrosses or some other way, for example the majors as one group and indeces and/or metals in another Each time we close and open MT4 anew all the charts are in chaos again. Wondered whether there was a solution to this that could permanently keep charts in the order we created.
When you have multiple charts opened, you can sort manually the charts tabs in the bottom (drag them) ... Then if you organize/tile them ... they will be in the same sorting when you restart the platform.
MT4/MT5 EAs/Indicators/Alerts coder
  • #936
  • Oct 30, 2015 10:24am Oct 30, 2015 10:24am
Quoting FerruFx
{quote} When you have multiple charts opened, you can sort manually the charts tabs in the bottom (drag them) ... Then if you organize/tile them ... they will be in the same sorting when you restart the platform.
Hi FerruFx

Thx.
The first part, yes, that's what I've been doing so far: dragging the tabs like in a browser to arrange them according to my preference.
However, its when I close and open MT4 that I find that they are again in chaos, which means I have to re-arrange them all over again. This is of course tedious after the umpteenth time, which is why I was asking whether there is a permanent solution for this.

So, I am confounded to hear you say that 'they will be in the same sorting when you restart the platform' Clearly, that's working for you, but not here for me; wondering why that might be? I'm running MT4 on Linux with wine;perhaps, that's why?
  • #937
  • Oct 30, 2015 11:30am Oct 30, 2015 11:30am
Quoting livindaylite
{quote} Hi FerruFx Thx. The first part, yes, that's what I've been doing so far: dragging the tabs like in a browser to arrange them according to my preference. However, its when I close and open MT4 that I find that they are again in chaos, which means I have to re-arrange them all over again. This is of course tedious after the umpteenth time, which is why I was asking whether there is a permanent solution for this. So, I am confounded to hear you say that 'they will be in the same sorting when you restart the platform' Clearly, that's working...
That's weird ...

Did you tried to save the profile once you arranged your charts ?
MT4/MT5 EAs/Indicators/Alerts coder
  • #938
  • Oct 30, 2015 11:37am Oct 30, 2015 11:37am
Quoting FerruFx
{quote} That's weird ... Did you tried to save the profile once you arranged your charts ?
Just tried that; alas no

Someone just told me that its because of the wine emulator. Mt4 works but not quite as it would in a MS windows environment.
Never mind. I'll have to put up with it or get windows.

Thx, again.
  • #939
  • Nov 9, 2015 7:56am Nov 9, 2015 7:56am
I'm hoping that someone can help me please?

In the 'charts bar' at the bottom of the screen, I have created x2 EUR/USD, X2 GBP/USD, X2 USD/JPY charts etc.

I created 2 charts for each pair, as I like to have a Japanese Candle chart, and also a Heikin-Ashi chart, side by side.

I ordered the charts in this way, so that the same currency pairs were next to each other in the 'charts bar'.

However, when I open my computer each day, MT4 has rearranged the order of the charts, in the 'charts bar'. I then have to manually rearrange the charts again, so that the same currency charts are next to each other.

I like the same currency charts side by side, so that I don't have to go searching for them, and on occasions hit the wrong chart.

I'm sure that there is a quick fix to this problem, so if anyone can help me out, I would very much appreciate it.

By the way, I have just read the above post, by Livindaylite, but I do in fact use MS Windows, so it is nothing to do with using Linux etc. I'm sure that there are loads of traders out there with this same issue.

Cheers.
"Never interrupt your enemy when he is making a mistake" Napoleon Bonaparte
  • #940
  • Nov 26, 2015 3:31am Nov 26, 2015 3:31am
Hi there,

I cant find how to drow second trend line with one same point with line that is on chart. Like that: http://screencast.com/t/eX4nvzihD

Who knows that???

Regards,
mxm
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