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Abstract:Not every trading platform is the same. Even MT4 platforms aren't all created equal! Depending on your broker, they come with a distinct set of indicators.
Not every trading platform is the same. Even MT4 platforms aren't all created equal!
Depending on your broker, they come with a distinct set of indicators.
Some only have the essentials, while others include a whole collection of tools and advanced studies to assist you in making trading selections.
In some ways, that's the appeal of MT4: it's incredibly configurable!
Think of it as the PC of trading platforms (sorry, Apple aficionados! ); you can run any number of indicators and EAs, tweak their settings almost any way you want, and even create your own from scratch!
We'll get you started on getting the most out of MetaTrader 4 in this tutorial. It's not enough to know how to enter and exit deals.
You must be able to fully utilize the many tools available on your platform, as well as tailor them to meet your specific requirements.
This lesson is for you if you've ever wondered how other traders obtain all those fancy indicators and thingamajigs on their charts.
Make lines on your graphs.
add in some indicators
change the parameters of an indicator
How to Add Objects to a Chart
Select Insert from the menu bar.
Select an object to include in the chart (ex. lines, shapes, arrows, Fibonacci).
Select the chart area where you want the object to appear from the drop-down menu.
Indicators: How to Use Them
Select Insert from the menu bar.
Select the indicator you want to use. Indicators are usually classified into categories based on their purpose. The moving average indicator is included in the Trend-following section in this example.
After you've chosen an indicator, you'll be asked to define its parameters. You can also change the color, line style, and other settings of the indicator.
When you're finished tweaking the parameters and settings, click OK. The indicator is now ready to use!
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
These champions have one thing in common: they not only work their butts off, but they also enjoy what they do.
"Patience is the key to everything," American comic Arnold H. Glasgow once quipped. The chicken is gotten by hatching the egg rather than crushing it."
Ask any Wall Street quant (the highly nerdy math and physics PhDs who build complicated algorithmic trading techniques) why there isn't a "holy grail" indicator, approach, or system that generates revenues on a regular basis.
We've designed the School of WikiFX as simple and enjoyable as possible to help you learn and comprehend the fundamental tools and best practices used by forex traders all over the world, but keep in mind that a tool or strategy is only as good as the person who uses it.