Overview of the MetaTrader 4 Trading Terminal

Main Menu

• Open New Chart - a list from which you can choose currency pairs, metals, CFD contracts, or indices;

• Open Offline - allows you to open previously downloaded historical data for the selected assets;

• Open Deleted - opens a chart that was just closed;
• Profiles - use one of the current terminal setup profiles or save your own;

• Close - closes the current currency pair;
• Save As - allows you to save the currently open pair as an independent file with some loaded history. This file can be opened via "Open Offline";

• Save As Picture - saves the active workspace as an image;

• Open Data Folder - opens the program's main data directory (needed for installing additional expert advisors and indicators);
• Open an Account - allows you to choose a server and connect to an existing trading account or register a new demo account;

• Login to Trade Account - quick connection to a trading account;

• Authorize on MQL5.community - allows you to log in to MQL5.community accounts in order to purchase trading robots, indicators, as well as copy other traders' trades in the "Signals" section or order the development of trading applications in the "Freelance" service;

• Print Setup - settings for the current printer state;
• Print Preview - allows you to review the settings applied to your image area;
• Print - printing the required data;
• Exit - closes the terminal.

• Language — as you may have already guessed, this command is used for the interface language settings;

• Toolbars — a set of commands for setting up the toolbar, allows adding some tools and submenus from the panel: graphic tools, settings menu, charts, etc.

• Symbols — adds a number of exotic instruments not present in the "New Chart" file by default. Different brokers may have different sets of trading instruments;

• Market Watch (can also be called with the Ctrl+M key combination) — calls up a service window in which the user is offered a look at the current state of quotes; sub-settings are called by right-clicking on the menu structure.

• Data Window — in this window the user can view information about the state of the last opened candle. Also, you can view the data for any arbitrarily selected candle by pointing the cursor at it;

• Navigator (Ctrl+N) — calls up a navigation window in which data is organized in a tree-like way: lists of accounts, indicators, expert advisors.

• Trade — here is all the necessary information about the state of open positions and pending orders and, moreover, here you can fully manage trading, as well as track aggregate financial statistics for open positions;
• Assets - asset allocation;
• Account History — the history of trading operations, as well as the balance state (not taking open positions into account). Mainly, it serves to assess trading efficiency;
• News — an indispensable submenu for viewing news feeds connected to the terminal that display key events in the world of economics and finance relevant to trading;
• Alerts - these are signals notifying the trader about various market events;
• Mailbox — internal mail;
• Market - quick access to the application store;
• Signals — trading signals broadcast by traders through the MQL5 community;
• Library - up-to-date information for traders;
• Experts — monitoring of the work of various connected experts: the state of positions, orders, and other data;
• Journal — logging of terminal operation and trading activities.

• Shapes — geometric figures for highlighting the necessary areas on the chart;
• Icons — various symbols (arrows, marks) for highlighting the necessary significant points;
• Text — allows inserting text which serves, as a rule, for comments on the chart. It is important to note here that the text is attached to the chart and moves in accordance with it when scrolling;
• Text Label — and this text is tied to the window, not the chart, and does not move when it is scrolled.

• List of Objects — calls up a window where you can manage overlaid objects.
• Delete Last Object (Backspace hotkey) — allows deleting the last object applied to the chart;
• Delete All Selected (or Delete) — deletes all objects you have selected from the chart;
• Remove All Selections — cancels the selection applied to objects;
• Undo Deletion (or Ctrl+Z) — returns a deleted object to the chart;
• Bars — presents the chart in the form of bars following one another;

• Japanese candlesticks — in the form of Japanese candlesticks;

• Line — displays the chart as a broken line;

• Chart on top — brings the chart to the foreground, while graphical objects and indicators move under the chart;
• Period - a choice between nine timeframes;

• Template — a submenu for managing and editing templates;

• Refresh — refreshes the chart;
• Grid — activates and deactivates the grid on the chart;

• Volumes — adds and removes volumes on the chart;

• Auto Scroll — activates or deactivates auto scroll;

• Chart Shift — fixes or detaches the chart from the conditional line adjusted by the small triangle;
• Zoom In and Zoom Out — enlarges or reduces the chart;
• Step by Step — scrolls the chart one candle forward. This can be done with the F12 key. In this case, auto-update must be disabled;
• Properties — allows you to set various interface settings, including changing the color scheme and design elements.

• New Order — a window for managing orders, where you can place market and pending orders;

• History Center — opens a window for managing historical data, where you can modify the quotes used to build charts;

• Global Variables — can also be opened with the F3 key and opens the list of terminal global variables;
• MetaQuotes Language Editor — respectively F4, opens the editor for advisors, where you can edit expert advisors as well as create your own indicators;

• Settings — the window of key client terminal settings.

• Server — here you can set the necessary parameters for connecting to the server, configure a proxy, and change other connection settings;
• Charts — in this tab the chart display is configured. Here the period separators, ask price levels, and the OHLC line are configured and adjusted. Also, the number of bars displayed on the price chart is set here;
• Objects — here the parameters for working with objects are set, including the "snap" parameters;
• Trade — in this tab you can set the properties for opening each new order by default. These include the characteristics of financial instruments, the number of lots, and deviations;
• Expert Advisors — here there are a number of general settings for all expert advisors. You can set parameters prohibiting their operation, the import of functions from external libraries and expert advisors, and others;
• Notifications - the ability to configure receiving notifications from the MetaQuotes service;
• Mail — here the parameters of the internal mail are adjusted. If you want to send messages directly from the terminal, then you need to refer to this tab;
• FTP - obtaining access to the FTP directory for data transfer;
• Events — here signals about in-system events are configured. These include signals indicating a lack of connection, notifications, and other signals intended to make working in the terminal easier;
• Community - allows you to log in to the MQL5 community;
• Signals - connecting and setting up a subscription to receive signals from MQL5.

Opening Positions

• Symbol - selection of a financial instrument;
• Volume - specify the trade volume (number of lots);
• Stop Loss - set the loss limiter;
• Take Profit - set the profit limiter;
• Comment - write a comment. The length of the comment must not exceed 25 characters;
• Type - opening a position at the current price with "instant execution" or opening a position with a "pending order," the opening parameters of which are set in advance;
• Use maximum deviation from the quoted price - enable/disable deviation. If the broker provides a new execution price (requotes), the deviation of the new price from the originally requested one is calculated. In this case, if the deviation is less than or equal to the specified parameter, the order is executed at the new price without additional notification. Otherwise, the broker returns new prices at which the order can be executed; for more details, see Slippage in Forex
• Maximum deviation - the amount of the allowable price deviation in points.