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MT4/MT5: Draw Elliott corrective wave

Here we'll look over the steps on how to display the Elliott corrective wave on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. The Elliott Wave, an analysis method developed by Ralph Nelson Elliott (USA), states that markets have a cycle. The Elliott corrective wave moves in the opposite direction as the one larger trend and forms a dip/rally. Use it to determine if the movement signals a trend reversal or a temporary correction.

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MT4/MT5: Draw rectangle

Here we'll look over the steps on how to display a rectangle on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. On MT4/MT5, you can display 3 types of shapes on the chart, a rectangle, a triangle, and an ellipse. The color and shape of the rectangle can be changed to help identify the highest and lowest levels of the range-bound market.

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MT4/MT5: Draw triangle

Here we'll look over the steps on how to display a triangle on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. On MT4/MT5, you can display 3 types of shapes on the chart, a rectangle, a triangle, and an ellipse. The color and shape of the triangle can be changed to help identify key chart patterns such as flags.

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MT4/MT5: Draw ellipse

Here we'll look over the steps on how to display an ellipse on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. On MT4/MT5, you can display 3 types of shapes on the chart, a rectangle, a triangle, and an ellipse. The color and shape of the ellipse can be changed to help analyze chart patterns and identify range-bound markets.

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MT4/MT5: Backtest Expert Advisor (EA)

You can perform backtests on automated trading programs known as Expert Advisor (EA) using MT4/MT5's Strategy Tester feature. Here we will look at how to perform Expert Advisor (EA) backtests on MT4/MT5.

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MT4/MT5: Save Expert Advisor (EA) testing report

Here we will look at how to save an Expert Advisor (EA) testing report on MT4/MT5. With MT4/MT5's Strategy Tester feature, you can save a result of the Expert Advisor (EA) backtest.

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MT4/MT5: Check news

Here we'll look over the steps on how to check the news from MetaQuotes and the media each broker partners with on the MetaTrader4 (MT4) / MetaTrader5 (MT5) app on Android and iOS mobile devices. Please note that news will not be displayed if your broker does not partner with any media, or the news from MetaQuotes is not enabled.

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MT4/MT5: Check MetaQuotes ID

Here we will look at how to check your MetaQuotes ID on MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. By registering the MetaQuotes ID on your PC's MT4/MT5, you can receive push notifications on your phone or tablet.

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MT4/MT5: Check messages from broker

Here we'll look over the steps on how to check the messages from brokers and MetaQuotes on the MetaTrader4 (MT4) / MetaTrader5 (MT5) app on Android and iOS mobile devices. Please note that messages will not be displayed if your broker is not sending emails, or if the message from MetaQuotes is not enabled.

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MT4/MT5: Draw Fibonacci time zones

Here we'll look over the steps on how to display the Fibonacci time zones on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Fibonacci time zones draw vertical Fibonacci lines relative to the time axis, based on the same idea as the Fibonacci retracement. Use these as reference points to determine when the trend will change.

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MT4/MT5: Install Expert Advisor (EA)

To use a third-party Expert Advisor (EA), you must first install it on MT4/MT5. Save the Expert Advisor (EA) files to the "Experts" folder of MT4/MT5, and restart MT4/MT5 to complete the installation.

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MT4/MT5: Draw Fibonacci retracement

Here we'll look over the steps on how to display the Fibonacci retracement on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Fibonacci retracement is a tool often used to determine the temporary retrace price. It helps you predict a dip/rally in a trending market.

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MT4/MT5: Draw Gann line

Here we'll look over the steps on how to display the Gann line on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. The Gann line is the line between the low and high. Defining the most important line drawn in a 45-degree angle as the 1x1, you can predict the strength of the trend from its length and the price gap.

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MT4/MT5: Create Expert Advisor (EA)

On MT4/MT5, you use a programming tool called MetaEditor and a dedicated language called MQL4 or MQL5 to create an Expert Advisor (EA).

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MT4/MT5: Draw Gann fan

Here we'll look over the steps on how to display the Gann fan on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. In addition to the most important line of the Gann theory, the 1x1 or 45-degree line, it draws nine other lines: 1x8 (82.5 degrees), 1x4 (75 degrees), 1x3 (71.25 degrees), 1x2 (63.75 degrees), 2x1 (26.25 degrees), 3x1 (18.75 degrees), 4x1 (15 degrees), and 8x1 (7.5 degrees). Each fan can be used as a guide for support and resistance levels.

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MT4/MT5: Create indicator

If you wish to create an indicator on MT4/MT5, you can do so by using a tool called MetaEditor, which uses a special programming language for MT4/MT5 called MQL4/MQL5.

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MT4/MT5: Change language on MetaEditor

MT4/MT5's MetaEditor supports a total of 33 and 52 languages respectively. After changing the display language, you will need to restart MetaEditor, which is a tool for developing Expert Advisors (EA) on MT4/MT5.

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MT4/MT5: Set global variables

On MT4/MT5, you can set global variables, which are stored in MT4/MT5 itself independently of programs such as Expert Advisors (EA) and indicators.

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MT4: Prevent objects to be taken over when switching charts

Here we'll look over the steps on the setting to prevent objects from being taken over when switching charts on MetaTrader4 (MT4) app for Android mobile devices. Turn on the Independent charts feature to prevent objects from being taken over when switching charts.

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MT4/MT5: Display arrowed line

Here we'll look over the steps on how to display an arrowed line on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. This object is used to determine market direction and turning points.

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