Results of Expert Advisor optimization and testing are displayed in a separate window of a Strategy Tester. Detailed statistics and profitability results of each run are shown in this window. Expert Advisor testing results can also be displayed in a financial instrument chart.
To make work more convenient, representation of charts in MetaTrader 4 can be customized. This is very important since traders work in the terminal several hours each day. For a quick setup, you can use templates: 'Yellow On Black', 'Green On Black' or 'Black On White'.
Analytical tools are highly important in trading. They help determine trends, cycles, trading shapes and other patterns in price dynamics. The MetaTrader 4 terminal has 32 such built-in objects, including Gann and Fibonacci tools.
The MetaTrader 4 trading terminal stores the history of all completed trade transactions. This is helpful in analyzing trading and defining efficiency of a trading strategy.
Expert Advisor compilation means building a program for use in the MetaTrader 4 terminal. If errors are detected during this process, a developer gets notified about them and can make relevant amendments. If an Expert Advisor is compiled successfully, it is displayed in the 'Navigator' window of the client terminal. After that the Expert Advisor can be tested or used for live trading.
'Market Watch - Tick Chart' shows the dynamics of instrument price by ticks. This is the most suitable tool to accurately determine entry and exit points.
The list of symbols in this window is similar to that in 'Market Watch'. The window interface and featured information can be customized. Trade operations can also be made from this window.
Interface of the MetaTrader 4 trading terminal. Main menu, customizable toolbar, the 'Market Watch' window. Navigator, financial instrument charts and the 'Terminal' window.
Results of Expert Advisor optimization and testing are displayed in a separate window of a Strategy Tester. This window displays detailed statistics and profitability results of each run. Expert Advisor testing results can also be shown in a financial instrument chart.
In the MetaTrader 4 terminal, a single window is used for placement of all orders. Both market and pending orders can be placed from here. Stop Loss and Take Profit can be applied to any placed order.
By launching testing of an Expert Advisor, you can watch this process going. Firstly, the lower part of the Tester window shows information about how the testing goes. Secondly, you can open a testing chart and watch the behavior of your Expert Advisor in a financial instrument chart. All trade transactions made by your EA are also displayed here. This enables you to analyze the program operation, detect errors and correct them as needed.
The built-in MetaEditor is used to create Expert Advisors. In addition to standard functions of the program editor, it includes the built-in Help, has a link with MQL4.community and allows fast download of programs from the code base of free Expert Advisors.
Results of Expert Advisor optimization and testing are displayed in a separate window of a Strategy Tester. This window shows detailed statistics and profitability results of each run. Expert Advisor testing results can also be featured in a financial instrument chart.
Alert about a trading event is a highly important tool. By applying certain rules to the alert, you can work with other financial instruments. The alert is generated as soon as the event meeting its conditions takes place. Sound files are used for alerts. You can also use any program or file that can be run by your operating system.
MetaTrader 4 terminal offers 30 built-in technical indicators that allow to analyze quotes of various instruments. Symbol charts can be displayed in the full screen mode. This can be convenient when using simultaneously several indicators and analytical tools.
The MetaTrader 4 client terminal stores the history of all completed trade transactions. This is helpful in analyzing trading and efficiency of a trading strategy.
Optimization is a process of adjustment of parameters that allow to maximize profits of Expert Advisors. At this stage input variables and their step change are set. Once this data is received, the terminal starts searching through all possible combinations of parameters and testing them. The process of optimization is shown in the lower part of the 'Tester' window. After the optimization is complete, the report and optimization charts are published in the same window.
Optimization is a process of adjustment of parameters that allow to maximize profits of Expert Advisors. Parameters for the optimization are set up in this window.
The MetaTrader 4 mailbox is designed to maintain communication with a brokerage company. For example, you can send a message requesting additional information with regard to opening an account. Rest assured that managers of your broker will receive your message and reply to it.