MetaTrade 4 User Guide - Blueberry Markets

2y ago
53 Views
4 Downloads
6.54 MB
24 Pages
Last View : 1m ago
Last Download : 11m ago
Upload by : Lucca Devoe
Transcription

MetaTrade 4 User Guide

Table of ContentsInstallation 1Downloading Platform 1Setting up Demo through platform 1Logging on to the Account (Details provided by Blueberry Markets) 2Basic Setup and Navigation 3Main Window 3Toolbars 3Market Watch 3Navigator 3Terminal 4Customise your charts 4Initial Charts 4Market Watch 4Navigator 4Toolbars 4Terminal 4Chart Properties 5Line Chart 5Bar Chart 5Candlestick Chart 6Chart Periods 7Chart Size 7Chart Templates 8Profiles 9Trading with MetaTrader 4 10Open a position 10Option 1: 10Option 2: 10Option 3: 10Option 4: 10

The ‘Order Ticket’ 11Close position 11Partially closing a trade 12Types of orders 13Market Execution 13Pending Order 13Buy or sell via pending order 14Alerts 14Indicators: 15Installing indicator 15Installing Indicator via MetaTrader 4 16Selecting Indicator for use 16To Add Indicator 16To add Indicator from the Toolbar: 16To add Indicator from Navigator: 16To turn off an Indicator 16Expert Advisors 17What is an Expert Advisor 17Installing an Expert Advisor 17Installing Expert Advisors via MetaTrader 4 18Additional Help 18Account History 18History Statement 18Trouble Shooting 19Invalid Account 19No Connection 19Common Error 19Trade Context is Busy 19MT4 Keyboard Shortcuts 20

MetaTrade 4 User GuideInstallationDownloading PlatformSetting up Demo through platformIf you have already installed a Blueberry Markets MetaTrader 4 Platform, please completethe following process to open a demo account:1. From the Toolbar, click on File, select Open an Account.2. Select BlueberryDemo then click Next.3. Fill in the necessary details.4. Select ‘I agree to subscribe to newsletters, and then Proceed.FIGURE 1When filling in details, you can select the following account parameters: 1Account type Standard Account Raw ECNwww.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User Guide LeverageCurrency 1:1 AUD 1:20 USD 1:50 EUR 1:100 GBP 1:200 1:300 1:400 1:500 Initial deposit size 0 – 1,000,000Logging on to the Account (Details provided by Blueberry Markets)If login details for either a live or demo account have been provided to you by BlueberryMarkets client services or your account representative, please complete the following process to login to your account1. From the Toolbar, click on File. Select Login to Trade Account.2. Enter your Login Number and Password.3. Select the correct Server, and then click Login.FIGURE 22www.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideBasic Setup and NavigationMain WindowThe MetaTrader4 (MT4) window with the highlighted navigation and main sections (Fig. 1)FIGURE 3ToolbarsThe Toolbars, populated with many icons, are located at the top of the screen.Market WatchMarket Watch window, which lists a variety of currency pairs along with corresponding bidand ask prices. Two tabs are located at the bottom of the Market Watch window: One iscalled Symbols, which shows this list of currency pairs. The other is called Tick Charts; thistab can be selected to show the current price activity of any of the currency pairsNavigatorBelow the Market Watch window is the Navigator window. Here, you can view youraccount(s), as well as a variety of indicators, including Expert Advisors and Scripts.3www.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideTerminalThe Terminal appears at the bottom of the screen with six tabs: TradeAccount HistoryAlertsMailboxExpertsJournalAs the Trader, you can click each tab to become familiar with the type of information thatappears in each tab.The Trade tab shows open orders and trades including Type, Symbol, Trade Entry Price,Stop Loss levels, Take Profit levels, Losing Price and Profit or Loss.The Account History tab, on the other hand, lists all of the activity that has occurred, including closed orders.Customise your chartsInitial ChartsBy default, MT4 opens with four chart windows, each representing a different currency pair.Charts can be customised with varying colour schemes and features to allow the trader tocustomize their setup or can be simply left to the default colour scheme.ToolbarsMarket WatchNavigatorTerminalFIGURE 44www.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideChart PropertiesChart properties also allow you to edit common features of trading charts including thetype of financial chart. To change the chart properties, follow the process below:1. Right-click on the chart. Select Properties2. Click the Colors tab. You can change the colors for the background, foreground,candles, and so on.You can choose your desired chart type by selecting either Line Chart, Bar Chart or Candlestick Chart.The chart x-axis is for different time periods (minutes, hours, days, months etc.), and the yaxis is for a price.Line ChartThe price on the chart shows the close pricefor the period, i.e. the bid of the last quotefor this period. All sequential points arejoined by lines:FIGURE 5Bar ChartThe chart is created with a use of bars.Each bar has a high (top), a low (bottom), anopening price (left horizontal little line) anda closing price (right horizontal little line) forthe specified period of time.FIGURE 65www.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideCandlestick ChartJapanese candlestick chart (Fig. 7), named as such because the lines resemble candles, iseasy to understand.FIGURE 7Each bar has a high (top of wick), an opening price (start of body), and closing price (end ofbody).Increasing:Bullish Candle StickDecreasing:Bearish Candle StickHighHighCloseOpenOpenCloseLowLowFIGURE 8To change the colors of the candles for better analysis, please refer back to the previoussection on Chart Properties.6www.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideChart PeriodsChart periods or the periodicity can be amended using the Periodicity toolbar allowing youto alternate to varying periods for varying strategy lengths.M1 represents a one-minute time frame, M5 a five-minute time frame, H1 a one-hour, and soon.To modify chart periods:1. Right click on the chart.2. Select Periodicity.FIGURE 9Chart SizeAny price chart can be closed, maximized,minimized or restored by right-clicking onthe chart’s tab under the chart windows.Figure 10FIGURE 107www.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideChart TemplatesYou can keep your customized chart template for future use by saving it as a template.To save a chart template, please follow the process below:1. Right-click on the chart and Click Templates.1. Fill in Template name. Select Save Template.You will then be provided with the following image to save your template (Fig. 11):FIGURE 11Name your template with an easy to remember name. You can save as many templates asneeded.To use your customized template:1. Right click on your chart. Select Template.1. Click on Load TemplateHint: Save your favourite template under the name of ‘default’, which will result in any newchart opened being opened with the chart properties of your favourite template.8www.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideProfilesProfiles allows you to save multiple charts for one financial instrument i.e. EURSD or for asummary of the market at a glance i.e. Market Overview or Majors.Once your platform is setup and you want to save a profile go to:1. On the toolbar, click File.2. Select Profiles and then Save As.FIGURE 12A dialogue box will appearFIGURE 139www.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideTrading with MetaTrader 4Open a positionThere are multiple ways in which the user can open a ‘Order-ticket’ in MetaTrader 4 whichhave been outlined below.Option 1:1. Right-click on the chart. Select Trading.2. Click New OrderFIGURE 14Option 2:1. Right-click on the financial instrument in the market watch.2. Select Trading. Click New OrderOption 3:Click F9 on your keyboard. This will open an ‘Order-ticket’ for the financial instrument of themain chart. If you have multiple charts open, the last chart opened or used is consideredyour main chart.Option 4:ALT-T on your keyboard. This shortcut will also open an ‘Order ticker for the financial instrument of the main chart. If you have multiple charts open, the last chart opened or used isconsidered your main chart.10www.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideThe ‘Order Ticket’The order ticket allows the user to place a trade on the MetaTrader 4 platform on all financial instruments offered by Blueberry Markets.FIGURE 15Before you enter the market you can change details in “Order” window: Symbol - from the drop-down list at the top (this will automatically be set to thesymbol on the active chart) A corresponding tick chart appears in the left pane. Volume - number of lots. 1.0 is equal to 1 lot or 100,000 unitsStop Loss - the level of Stop Loss for this trade that can be modified post tradeTake Profit - the level of Take Profit, can also be modified post tradeComment – Appears in your reportThere are 2 ways to place a trade in MetaTrader 4, either ‘Market Execution’ or ‘PendingOrder’ which are explained in the ‘Types of Orders’ section of this guide.Close positionTo close a position, click on the ‘Trade’ tab in the ‘Terminal’, which will provide you with a listof open and pending orders.11www.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideRight-click on the trade you wish to close and select ‘Close Order’. The order window will appear. Double clicking on the order will also have the same result.FIGURE 16The ‘Order #’ will appear in the yellow box underneath the Buy and Sell buttons which signifies the trade you wish to close, allowing you to double-check the ‘Order #’. Click the yellowbox to close the order.Partially closing a tradeIf you wish to partially close a trade, you can specify the volume you wish to close and thenpress Close.Place/Modify/delete Stop Loss & Take Profit OrdersStop Loss – an order to close a position at a level that is lower than your entry price or lowerthan the current market price if your order is in profit.Take Profit – an order to close a position that is moving in the direction of your order.These orders allow for you to ‘set and forget’ if you wish to do so, giving the trader the ability to manage risk without having to sit at their trade terminal.12www.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideTo add/modify ‘Stop Loss or Take Profit target:1. Find the trade that you want to modify in the ‘Trade’ tab. Right click, then selectModify or Delete Order2. Fill in the Stop Loss and Take Profit fields with the distance points from the currentmarket price or enter the amount you want, and then click the ‘Modify’ button.3. Wait for the dialogue box confirming your trade adjustments.FIGURE 17Types of ordersMarket ExecutionMarket Execution is to place a trade at market, with a request being sent to fill the order atthe next available price.Pending OrderA pending order is opening a trade when the market reaches or exceeds a trigger price.The 4 types of pending orders are as follows: Buy Stop – Above Market Price i.e. You set the stop above the market so when themarket hits the point you open or close the contracts on price strength. 13Sell Stop – Below Market Price i.e. You set the stop below the market so when thewww.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User Guidemarket hits the price, you open or close the contracts on price weakness. Sell Limit – Above Market Price i.e. You set the price above the market price youwish to take profit or open a short position at a more favourable price than the current market price. Buy Limit – Below Market Price i.e. You set the price below the market as you wishto take profit or open a long position at a more favourable price than the currentmarket price.Buy or sell via pending order1. Click the ‘New Order’ button then select the currency pair that you want to tradefrom the dropdown list.2. From the ‘Order Type’ drop-down list, choose ‘Pending Order.’3. Choose whether to Buy or Sell from the ‘Order Type’ dropdown list.4. From the Order Type dropdown list, pick one: Buy Limit – long selling at below market price Sell Limit – short selling at above market price Buy Stop – long selling at above market price Sell Stop – short selling at below market priceOnce the Order Type is selected, indicate the price at which you want to enter themarket.5. Input your desired position size from the Volume dropdown list.6. If you already know your exit value, fill in the ‘Stop Loss’ and ‘Take Profit’ fields.7. Set the expiry date on your order.8. Check all the information before you click the ‘Place’ button to enter your trade.AlertsIn the terminal, you can setup alerts at predefined market levels or conditions so the traderdoesn’t miss an opportunity.14www.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideTo do so, please complete the following process:1. From the Terminal, Select Alerts tab.1. Right click, then select CreateThis will open the following Alert Editor as shown below:FIGURE 18You can place an alert for various conditions including market price of all financial instruments and time.Indicators:Installing indicatorIndicators can be installed directly into the MetaTrader – Blueberry Markets folder on the C:Drive of your computer.Alternatively, locate the MetaTrader – Blueberry Markets folder on your computer, click onthe MQL4 folder, click on the indicators folder.Simply copy and paste or drag and drop indicators you wish to use on this instance of MetaTrader 4.15www.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideInstalling Indicator via MetaTrader 4To install indicators directly from MetaTrader 4:Go to File Open Data Folder.This ensures the correct directory is being opened if multiple instances of MT4 are installedon the traders computer.Selecting Indicator for useAn indicator can either be used through the navigator or from the toolbar, with the indicators being categorised under the type of indicator. I.e. trends, oscillators, volume.To Add Indicator1. From the Insert menu, choose the indicator you want to add.2. Set your desired indicator appearance and parameters.3. Click Ok when you are satisfied with the parameters and settings.To add Indicator from the Toolbar:Click on the “Add Indicators” iconin the top toolbar to view a list of available indica-tors, select your desired indicator.To add Indicator from Navigator:1. Press CTRL N or click on Navigator from the toolbar.2. Expand the items in the navigator ensuring that indicators have been explained.3. Find the indicator you wish to use and drag and drop the indicator from the list ontothe chart.4. An indicator dialogue box will appear, allowing your to customise the indicator including parameters and colour properties.To turn off an Indicator1. Press “CTRL I” to display all Indicators2. Click on the desired Indicator and select ‘Delete’16www.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideExpert AdvisorsWhat is an Expert AdvisorAn Expert Advisor (EA) is a program that can be used to automatically implement tradingstrategies on MetaTrader 4.Either purchased or developed to automate the trades existing strategy, the benefit of anEA is for 24 hour trading alleviating the need for the trader to manage their client terminal. ‘The proprietary programming language is called MQL4.Installing an Expert AdvisorIndicators can be installed directly into the MetaTrader – Blueberry Markets folder on the C:Drive of your computer.1. On the Menu bar, click File.2. Select Open Data FolderAlternatively, locate the MetaTrader – Blueberry Markets folder on your computer, clickon the MQL4 folder, and click on the ‘Experts’ folder.Simply copy and paste or drag and dropindicators you wish to use on this instance ofMetaTrader 4.FIGURE 1917www.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideInstalling Expert Advisors via MetaTrader 4To install indicators directly from MetaTrader 4:On the Menu bar, File Open Data Folder.This ensures the correct directory is being opened if multiple instances of MT4 are installedon the trader’s computer.Additional HelpUseful assistance can be found in the ‘MetaEditor’ window by clicking on ‘Help’ and selecting any of the headings in the MQL4 community.MQL4 Code Base offers free EAs that other members have posted, including a descriptionof the Expert Advisors strategy.Account HistoryHistory StatementA history of closed trades and cancelled orders can be found in the ‘History’ tab of the ‘Terminal’.Details provided include open and close times, contract size, financial instrument traded,stop losses or take profits and a description of the trade if added by the trader.Additionally, the trader has the ability to trade and drop a trade on to the correspondingchart, which will draw the entry and exit points of the order joined together by a clear redline.This allows for greater analysis of previous orders, permitting traders to determine whataspects of their trading strategy they can improve on.18www.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideTrouble ShootingInvalid AccountInvalid Account can refer to two possible errors:Error 1: If you are attempting to login to a demo account, your demo account has expired.Please contact your account manager to discuss the benefits of progressing to a live account.Error 2: The login credentials you are entering are incorrect. This could include selecting theincorrect server.Please ensure you are entering the correct case sensitive login details provided by BlueberryMarkets.If you have completed the above troubleshooting, you also might be required to manuallyenter the server address. Please contact the client services team to acquire.No ConnectionNo Connection refers to an Internet connection issue. Please ensure that your Internet isonline and that your firewall and anti-virus are set to exempt Blueberry Markets MT4.If you are still experiencing issues, please contact client services immediately.Common ErrorCommon Error refers to the setup of your account. Please restart MetaTrader 4 immediately.If you are still experiencing issues, please contact client services.Trade Context is BusyTrade Context is Busy refers to an error that can occur if the MetaTrader 4 server receivesmultiple requests simultaneously from a single platform. To resolve, please restart MetaTrader 4.19www.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideMT4 Keyboard ShortcutsShortcutChart scrolling to the leftAlt 1Display the chart as a sequence ofbars (transform into bar chart)Chart scrolling to the rightAlt 2Display the chart as a sequence ofcandlesticks (transform into candlesticks)Fast chart scrolling to theleft, or up if the scale isdefinedAlt 3Display the chart as a broken line(transform into line chart)Fast chart scrolling to theright, or down if the scaleis definedAlt ACopy all test/optimization results intothe clipboardNumpad 5Restoring of automaticchart vertical scaleAlt WCall the chart managing windowPage UpFast scolling to the leftAlt F4Close the client terminalPage DownFast scrolling to the rightAlt BackspaceUndo object deletionMove the chart to thestarting pointCtrl AArrange all indicator window heightsby defaultMove the chart to the endpointCtrl BCall the "Objects List" window-Chart zoom outCtrl CCopy to the clipboard 'Chart zoom inCtrl EEnable/disable Expert AdvisorDeleteDelete all seleced graphical objectsCtrl FEnable 'Crosshair'BackspaceDelete the latest objectsimposed into chart windowCtrl GShow/hide gridEnterOpen/close fast navigation windowCtrl HShow/hide OHLC lineESCClose the dialogue windowCtrl ICall the "Indicators List" windowshow/hide volumesF1Open MetaTrader GuideCtrl LShow/hide volumesF2Open "History Centre"Ctrl PPrint the chartHomeEnd20Functionwww.blueberrymarkets.comSEE TABLE OF CONTENTS

MetaTrade 4 User GuideShortcut21FunctionF3Open "Global Variables"Ctrl SSave the chart with extensions:"CSV", "PRN", "HTM"F4Download MetaEditorCtrl WClose the chart windowF5Switch to the next profileCtrl Y Show/hideF6Open the "Tester" windowCtrl ZUndo the object deletionF7Open the Propertieswindow of the expertattached to their chartwindowCtrl DOpen/close the "Data Window"F8Open the chart setupwindowCtrl MOpen/close the "Market Watch"windowF9Open "Trade Ticket" windowCtrl NOpen/close the "Navigator" windowF10Open Popup Prices windowCtrl OOpen the "Setup" windowF11Enable/disable full screenmodeCtrl ROpen/close the "Tester" windowF12Move the chart by one barto the leftCtrl TOpen/close the "Terminal" windowShift F12Move the chart by one barto the rightCtrl F6Activate the next chart windowShift F5Switch to the previousprofileCtrl F9Open the "Terminal Trade" windowand switch the focus into it.www.blueberrymarkets.comShow/hide period separatorsSEE TABLE OF CONTENTS

etaTrade 4 User Guide Trading with MetaTrader 4 Open a position There are multiple ways in which the user can open a 'Order-ticket' in MetaTrader 4 which have been outlined below. Option 1: 1 Right-click on the chart. Select Trading 2 Click New Order Option 2: 1 Right-click on the financial instrument in the market watch.

Related Documents:

2019 Blueberry Statistics _ New Jersey Blueberry Crop Valued at 85 Million New Jersey blueberry growers harvested 46 million utilized pounds from 9,300 acres. The value of utilized production was over 85 million for 201

Introduction Blueberries are native to eastern North America. They are one of the few crop plants that originated here. The rabbiteye blueberry (Vaccinium ashei) occurs mostly in certain river valleys in northern Florida and southeastern Georgia. The highbush blueberry (Vaccinium corymbosum) is native in the

Quaker Oatmeal Cups Pecans, Raisins, & Honey Plain & Blueberry Bagels Banana Nut & Blueberry Muffins Assorted Yogurt Orange & Cranberry Juice Coffee & Tea Express Start 10.00/Person Scrambled Eggs Turkey Sausage (2 per person) Bacon (3 slices per person) Cinnamon Rolls Quaker Oatmeal Cups Pecans, Raisins, & Honey Plain & Blueberry Bagels

ORGANIC BLUEBERRY PRODUCTION 2013 3 INTRODUCTION This guide for organic blueberry production is an outline of cultural and pest management practices and includes topics that have an impact on improving plant health and reducing pest problems. The guide is divided into sections, but the interrelated quality of

M/s Ashok Metal Corporation 59. M/s M M Metal International 60. M/s M M Metatrade Pvt. Ltd. 61. M/s Shubhlaxmi Metals and Tubes Pvt. Ltd. 62. M/s World Stainless 63. M/s Good Luck 64. M/s Inco Steel 65. M/s Non- Ferrous Metal Association (Karnataka) 66. M/s PS Raj Steels Pvt. Ltd. 67. M/s Inox Stainless 68. M/s Glomet Alloys LLP

HS1245 Southern Highbush Blueberry Cultivars from the University of Florida1 J. G. Williamson, D. A. Phillips, P. M. Lyrene, and P. R. Munoz2 1. This document is HS1245, one of a series of

BARREL SELECT HERRADURA [9] Reposado Margarita Agave Lime Cointreau BLUEBERRY SMASH [10] Absolut Berry Acai Cocchi Americano Rosa lemon blueberry mint. PINAPPLE MULE [10] Reyka Vodka Pineapple Ginger Beer Lime

BSc Pharmaceutical Chemistry (Sandwich) with Foundation Year – 600 credits points For the Foundation Year, students will take a total of 120 credit points at level 3 and must pass all modules to progress onto year one. Year one comprises a total of 120 credit points at level 4. For subsequent years on the BSc, the number of credits and the levels are as follows: 1. Year 2, 120 credits at .