Introduction
MetaTrader is software that has the ability to make currency trading charts with back testing. It has a wide range of tools along with indicators and signals to aid in its working with different expert advisers. It makes use of algorithms that are based on the important experiences and decisions of the expert traders.
Buying and selling in MetaTrader is very simple. However, there are a few features in the MetaTrader that most people are unaware of. This article is going to present 8 tips for use with MetaTrader.
Step 1
Make use of templates. MetaTrader is equipped with different templates. These are arrangements of chart settings and indicators that help maintain a good customized layout. These templates are a made once, use many times technology. Therefore they eliminate the need of having to do repetitive tasks.
Step 2
It is good practice to measure the number of bars. In order to do this, you need to select the crosshair tool from the toolbar. Once you click on a bar with the left mouse button, you will see a box with different numbers. These numbers will indicate the measurements.
Step 3
Change symbols: It is a good practice to change the symbol of the chart that is already opened. To do this, you have to put the mouse in the bottom left corner of your opened chart. Then you’ll see the icon transform. Double click and now you can change the symbol name.
Step 4
Try to make use of scripts. MetaTrader is equipped with scripts. Use these scripts to perform little tasks like opening new orders and deleting the pending ones in your account. In order to use these scripts, you must have a basic know-how of the MQL programming language.
Step 5
Don't forget to take screenshots. Metatrader gives users the ability to take screenshots inside the application itself. All you have to do is right click on the chart and then select the option that states “Save screenshot.”
Step 6
Push F5: In order to change the property settings of an expert advisor on the chart, you must press the F5 button. This will allow you to save the hassle of navigating with the mouse all the time.
Step 7
Try to make use of profiles. You must make it a practice to use profiles in order to keep your desktop tidy. There is a profile in MetaTrader that will allow you to make use of templates on various charts.
Tip 8
Explore: Work does not have to be boring. You can press the F8 button to change the properties of a chart. MetaTrader makes it possible to change colours, grid displays and many other visual elements that will often make you go nuts.
Conclusion
To be familiar with any application, it is important to play around with it a bit. Once you start exploring, you will learn many new features of MetaTrader that are easily applicable to your charts and content. It’s just a matter of being in a learning state of mind. I hope through this article you would have learned valuable knowledge about MetaTrader.
