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MT4/MT5: Draw equidistant channel

Here we'll look over the steps on how to display the equidistant channel on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Equidistant channel is an object that lets you visually grasp the range of price movements in a trending market with two parallel lines. The second line parallel to the trendline is called the channel line. Draw the trendline first, then adjust the channel line accordingly. It helps you identify the dip and rally as well as to read the trend.

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MT4/MT5: Draw Gann grid

Here we'll look over the steps on how to display the Gann grid on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. The Gann grid takes the Grid line and places it evenly across the chart diagonally. Intersections of the grid are often used to determine support and resistance levels.

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MT4/MT5: Delete indicator

Here we'll look over the steps on how to delete an indicator on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. There are 30 types of indicators available on charts: 7 trend indicators, 13 oscillator indicators, 4 volume indicators, and 6 Bill Williams indicators.

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MT4/MT5: Use indicator

Here we'll look over the steps on how to use an indicator on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. There are 30 types of indicators available on charts: 7 trend indicators, 13 oscillator indicators, 4 volume indicators, and 6 Bill Williams indicators.

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MT4/MT5: Draw Andrews' Pitchfork

Here we'll look over the steps on how to display the Andrews' Pitchfork on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. The Andrews' Pitchfork is made up of 3 parallel lines. The line on top represents the resistance line and the bottom represents the support line. You can use this to predict the trend direction, strength, and changes.

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MT4/MT5: Draw regression channel

Here we'll look over the steps on how to display the regression channel on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. The regression channel, also known as a linear regression trend, differs from the trendline in that it is drawn between prices. The line above represents the resistance line and the bottom line represents the support line. You can use these to predict the trend direction and breakpoints.

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MT4/MT5: Draw standard deviation channel

Here we'll look over the steps on how to display the standard deviation channel on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. The standard deviation channel is a technical indicator based on the regression channel and standard deviation. It is made up of 3 lines, the linear regression line and the 2 lines above and below it. Unlike the regression channel, the locations of the 2 lines are calculated using the standard deviation. Similar to the regression channel, the line above represents the resistance line and the bottom line represents the support line.

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MT5: Close positions or delete pending orders in bulk

On MetaTrader5 (MT5), you can close multiple positions or delete multiple pending orders in bulk. The positions and pending orders for bulk operations can be specified by symbol, order type, and others. Here we'll take a look at how to close positions or delete pending orders in bulk in MT5.

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MT4/MT5: Draw trendline

Here we'll look over the steps on how to display a trendline on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Trendline connects the low, high, or close prices to read trend strength or support and resistance lines. Combining trendlines allows for chart pattern analysis, which focuses on chart shapes.

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MT4/MT5: Draw cycle lines

Here we'll look over the steps on how to display cycle lines on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Cycle lines are made up of multiple evenly-spaced vertical lines and are used to analyze market cycles.

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MT4/MT5: Draw trendline by angle

Here we'll look over the steps on how to display a trendline by angle on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Trendline by angle is used to determine the direction and momentum of the trend by drawing a trendline with a specified angle on the chart. Since the angle is fixed, the starting and end points may deviate when the chart is zoomed in or out.

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MT4/MT5: Draw horizontal line

Here we'll look over the steps on how to display a horizontal line parallel to the time axis on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. The horizontal line can be used as a resistance line or a support line.

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MT4/MT5: Use Expert Advisor (EA)

On MT4/MT5, you can use an automated trading program called Expert Advisor (EA). Here we will look at how to use an Expert Advisor (EA) on MT4/MT5.

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MT4/MT5: Check trade history report

In MT4/MT5's trade history report, you can check your past trade history, deposits/withdrawals, positions, trading results, and more. You can use these reports for your tax return as well.

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MT4/MT5: Check messages from broker

On MT4/MT5, you can check the messages from brokers and MetaQuotes. Please note that messages will not be displayed if your broker is not sending emails, or if the message from MetaQuotes is not enabled. Here we will look at how to check messages.

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MT4/MT5: Check news

On MT4/MT5 you can check the news from MetaQuotes and the media each broker partners with. 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: Set alerts to run a program

On MT4/MT5, you can set various types of alerts for a specific time, for when the symbol price reaches a certain level, or for when the last traded volume is bigger or smaller than the specified value. Here we will look at how to set up the alerts to run a program.

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MT4/MT5: Set push notification alerts

You can send a push notification to your phone when certain conditions are met on your PC MT4/MT5. Please note that the alerts are only available when MT4/MT5 for PC is running.

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MT4/MT5: Set email alerts

On MT4/MT5, you can set various types of alerts for a specific time, for when the symbol price reaches a certain level, or for when the last traded volume is bigger or smaller than the specified value. Here we will look at how to set up the alerts with email.

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MT4/MT5: Set sound alerts

There are various alert settings available on MT4/MT5. You can set an alert for a specific time or for when the symbol price reaches a certain level. On MT5, you can also get notified when the last traded volume is bigger or smaller than the specified value.

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