MT4 Guide - Installation

Download any MetaTrader4 installation program from the broker of your choice.

MT4 Guide - Market Watch Window

The “Market Watch” window can be activated by pressing the Ctrl+M key combination, or by using the View->Market Watch menu sequence or by clicking the button from the “Standard” toolbar:

MT4 Guide - Open a Position

In order to enable the “Order” window:

MT4 Guide - Close a Position

In order to close a position, highlight the trade in the “Trade” tab of the “Terminal” window and right click to obtain the context menu:

MT4 Guide - Modify Order

Stop Loss – an order to close a previously opened position at a price less profitable for the Customer than the price at the time of placing the order.

MT4 Guide - Trailing Stop

Trailing Stop is an algorithm to manage Stop Loss orders. Once a trailing stop has been placed (for example, trailing stop’s value is 15 pips) the following occurs:

MT4 Guide - Pending Order

Pending Order is an instruction to open a position when the current price reaches the order level.

There are four types of pending orders: