User guide. Meta Trader 4 trading terminal
MT4 trading terminal is the software developed by Meta Quotes Company, which provides the client trading at the stock, currencies and commodities and indexes markets. This software is installed on the personal computer and the trader is constantly connected with the brokerage company trading server. Real-time quotes of listed financial instruments are available for traders through this platform, as well as trades execution.
This terminal is used by some brokerage companies to provide traders with binary options trading services. However due to the fact that it is not fully integrated with the rules of options trading, these terminals have not found their popularity yet.
At the same time, this trading platform is an excellent tool for technical analysis of traded assets quotes and charts and "demo" is available for any trader. Usually, the platform is available for free download on the website of any company providing trading on the international financial markets.
Currently, trading terminal is an excellent assistant tool for technical and analytical research of traded assets quotes, testing trading strategies, using indicators as well as other actions to facilitate binary options trading via web terminals, taking into account that the proposed trading web terminals do not have any tools of technical analysis.
So, how to use the МТ4 trading terminal?
At first, you need to download this trading terminal on your PC. We propose to use the Instaforex brokerage company website, where you will find a clickable “download the terminal” button on the main page.
Once the installation «exe» file is downloaded on your PC, you will need to perform the installation of the program on your computer. Installation is no different than installing other programs.
So, after the above simple steps are completed you will become the owner of one of the most technically advanced trading terminals in the world. You must register a demo account via terminal interface in order to make it operate in real time.
The only delay is the input of any additional data (not necessarily real), which will take not more than 1-2 minutes.
CHOOSING FINANCIAL ASSET
Now you are a user of the MT4 terminal, which is capable of showing any financial asset information at any time of day or night, including weekends. Especially because the Instaforex brokerage company, the terminal of which we recommended to download, has a vast amount of more than 200 pieces. This will allow finding almost any desired asset in this terminal.
To do this, you will need to click on the market survey button
and you will get a tool selection window and add it to the charts window.
Here is the trading assets chart for the CHFJPY currency pair. At the same time, any timeframes are available for you - the quotes time intervals ranging from one minute (M1, where one quote candle is built every minute), to one month (1 MN, where each candle will be built for 1 month).
Thus, jumping between timeframes you will be able to watch financial asset quotes ranging from a few hours to decades.
SETTING UP INDICATORS AND TEMPLATE
In order to install third-party technical indicators captivating the Internet you need to open the directory of specified terminal.
After that, you will discover the root folder of MT4 located on the "C" drive of your personal computer with «Templates» folder for templates and «MQL4» folder to which indicators should be added into the corresponding «Indicators» folder.
APPLYING TEMPLATE AND INDICATORS TO THE QUOTES CHART
All MT4 terminal indicators and templates can be applied using the shortcut keys.
For example, in order to apply a trading strategy template to the quotes window you must click on the "templates" button and select the name of your interest from the list.
In order to apply any of terminal contained indicators to the quotes chart you need to go to the "Navigator"
And you choose a desirable indicator from the "indicators" section list.
USING GRAPHIC OBJECTS
There is a huge set of graphic objects available in the terminal that can be applied to the chart of traded instruments, drawing trend lines, putting price tags, equidistant channels, and etc. objects that make a wonderful traders’ toolkit to conduct their own technical analysis of the financial asset charts.
As you can see, MT4 trading terminal in capable hands of an inquisitive trader can become a major help in binary options trading, let alone that existing web terminals are just insignificant in comparison with the Meta Trader 4 platform in terms of technical analysis.