Beginner’s Guide to start using MetaTrader4 and Metatrader5 trading platforms.
To customize one of the four charts, right-click on it and select ‘Properties’.
Alternatively, you can open the ‘Properties’ window by clicking on your desired chart and pressing F8.
Under the ‘Colours’ tab, you can adjust the colours of the background, the bars, and the ask line.
Under the ‘Common’ tab you can set the type of chart, the chart scale and choose whether to show ‘OHLC’ (open-high-low-close).
A quicker way of choosing your desired chart type (bar, candlesticks or line) is to click on the relevant button on the toolbar.
The toolbar is where you can find a lot of useful tools and shortcuts that we will point out as we progress through this guide.
To change the language of the MT4 platform, click on ‘View’ in the toolbar and select your preferred language.
For other settings click on ‘Tools’ in the main toolbar, then ‘Options’.
From here you can change your passwords under the ‘Server’ tab and change your alert sounds and settings under the ‘Events’ tab.
After adjusting your settings and modifying your chart to your preference, you may want to save the chart settings so they can be re-used in the future.
Chart settings can be saved as a template by clicking on the template button on the toolbar, and selecting ‘Save Template’.
To apply this template in the future, simply click on the Templates button again and select the preferred template.
Periods & Time-frames
It is important to note in what time-frame you are viewing an instrument’s movements.
Observing a market’s behavior over different time-frames allows you to identify potential trading entries.
You can change the period by, clicking on the chart which you would like to alter, then clicking on the ‘Periods’ button.
Alternatively, you can use the time-frame buttons on the toolbar where you can choose between various time periods from 1 minute (M1) to 1 month (MN).
For the list of MT4 and MT5 brokers, please visit the page below.