Search results

MT4/MT5: Place trailing stop order

On MT4/MT5, you can place a trailing stop order, which automatically adjusts the stop-loss price based on the current price. With trailing stop, the stop-loss level is automatically updated following the price movement.

See details

MT4/MT5: Manage multiple objects

On MT4/MT5, you can edit the object settings by right-clicking an object on a chart and selecting Properties. If there are multiple objects on a chart, use the object list to easily change settings for multiple objects simultaneously.

See details

MT4/MT5: Close hedged positions simultaneously

When holding hedged positions in MT4/MT5, you can close both positions simultaneously paying less spread than closing positions individually, which is referred to as close by.

See details

MT4/MT5: Add on-balance volume to chart

On MT4/MT5, you can display the On-balance volume (OBV). This volume-based indicator helps you determine trends with a simple calculation that only adds or subtracts the volume.

See details

MT4/MT5: Place market order on the Depth of Market

On MT4/MT5, you can quickly place orders on the Depth of Market window. Also, some brokers are providing the depth of market data on MT5.

See details

MT4/MT5: Draw vertical/horizontal line

On MT4/MT5, you can display a vertical line parallel to the price axis or a horizontal line parallel to the time axis. Use the vertical line to highlight the time, and use the horizontal line to highlight the price. Vertical/horizontal lines can be displayed from the menu or toolbar.

See details

MT4/MT5: Delete multiple objects at once

On MT4/MT5, you can delete multiple lines and other objects on the chart at once.

See details

MT4/MT5: Open Depth of Market

On MT4/MT5, you can display the Depth of Market window. The depth of market data helps you grasp the market liquidity, showing the amount of buy and sell orders by price.

See details

MT4/MT5: Place limit/stop order on the Depth of Market

On MT4/MT5, you can quickly place orders on the Depth of Market window. You can also set stop-loss (S/L) and take-profit (T/P) values. Please note that if you wish to place an order from the Depth of Market window, you must have one-click order enabled.

See details

MT4/MT5: Partially close a position

On MT4/MT5, you can close parts of your positions across multiple orders to secure profits or cut losses.

See details

MT4/MT5: Close a position at market price

On MT4/MT5, unlike limit orders, you can't specify a price when placing market orders because market orders use the current rate. The order gets executed as soon as it reaches the market, so the order will go through faster than a limit order.

See details

MT4/MT5: Change or cancel pending order

Here, we'll take a look at how to change or cancel limit/stop orders on MT4/MT5, as well as stop-limit orders on MT5. You can change the price, expiration date, etc., as long as the order hasn't been executed yet.

See details

MT4/MT5: Place limit/stop/stop-limit order on the new order window

Here we'll take a look at how to place a limit/stop/stop-limit order on the new order window on MT4/MT5. On MT4, you can't place a stop-limit order specifying a trigger price.

See details

MT4/MT5: Place If-Done-OCO order

Here we will look at how to place an If-Done-OCO order on MT4/MT5. On MT4/MT5, you can place If-Done-OCO orders, which are used to secure profits or cut losses when placing new limit/stop/stop-limit orders.

See details

MT4/MT5: Set or change T/P and S/L values

On MT4/MT5, you can add a take-profit (T/P) or a stop-loss (S/L) value even after you've placed a new order. You can also change these values after you've set them.

See details

MT4/MT5: Place market order on the new order window

Here we'll take a look at how to place a market order on the new order window on MT4/MT5. The order gets executed as soon as it reaches the market, so the order will go through faster than a limit order. Also, you can start with a sell position.

See details

MT4/MT5: Change chart colors

There are three basic color schemes for MetaTrader4 (MT4) and four for MetaTrader5 (MT5). You can quickly change the chart colors using these schemes, and also customize the colors of each element, such as candlesticks and background. Here we will look at how to change chart colors in MT4/MT5.

See details

MT4/MT5: Close hedged positions simultaneously

Here we'll look over the steps on how to close hedged positions simultaneously on MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. When holding hedged positions in MT4/MT5, you can close both positions simultaneously. This is also referred to as Close By operation.

See details

MT4/MT5: Place one-click market order

On MetaTrader4 (MT4) / MetaTrader5 (MT5) app for iOS mobile devices, you can easily place market orders (buy/sell) by clicking the BUY or SELL button on the trading panel. Orders placed from the trading panel are executed with a single click and it is sometimes called the one-click order. When placing one-click orders, you must first enable the one-click trading feature.

See details

MT4/MT5: Enable one-click trading

In MetaTrader4 (MT4) / MetaTrader5 (MT5) for iOS, you can place orders with a single tap on the trading panel by enabling the one-click trading. In MT5 for Android, you need to enable it when placing an order on the Depth of Market screen.

See details