It is no surprise that Metatrader 4 is one of the most popular trading terminals on the market. With a user-friendly interface and a wide range of functionalities, the platform has a lot to offer. There are many advantages to it, but not all traders know how to take advantage of them.
Let’s take a look at the secrets and useful features that MetaTrader4 offers. This may prove to be very useful for you!
One-Click Trading in Metatrader 4
Traders with complex trading strategies benefit from One Click Trading, which makes managing orders easier.
Once the parameters of your order are set, you can open and close transactions with a click of the mouse. Furthermore, you can open and close transactions directly from the trading instrument chart with One Click Trading.
Are you able to take advantage of this feature in your trading?
To begin with, you will be able to open orders faster, which will allow you to enter the market more accurately. The Trader can also continue working with other trading instruments on the chart of the particular currency pair after enabling the feature. In addition, One Click Trading’s confirmation window is much smaller than usual “Order” windows. There may be great benefits to traders who wish to utilize every inch of their monitor screens, such as those who trade “on the news.”
There are many advantages to this feature, including speed, frequency, precision, and time savings. The One Click Trading feature is embedded into the latest versions of MetaTrader 4 and is available to all users after installation.
It takes just a few mouse clicks to prepare for the One Click Trading feature. Select “One Click Trading” from the context menu by right-clicking the chart of the trading instrument.
Stop loss & Take Profit Levels Management
Furthermore, the Metatrader 4 terminal supports simple and, thus, faster management of Sell Limit & Buy Limit pending orders as well as Stop Loss & Take Profit levels. “Simple managing” refers to placing these types of orders directly on the chart. Select the asset price on the chart, click the right mouse button, and then choose the type of order you want.
With this method, you are able to place and modify pending orders without having to deal with any additional windows or parameters. The whole process takes place online.
By moving the levels of pending orders up or down with the mouse, the levels of orders can be modified. It only takes a few seconds!
Stop Loss and Take Profit levels can also be modified with a single mouse movement. It is possible to place levels, change parameters, and remove levels directly from the chart. To succeed, you only need careful calculations, fast reactions, and the right mouse button.
Your trading can be both faster and more efficient with these advantages.
Signals for MQL5
You can copy other traders’ transactions using Metatrader 4’s trading signals.
The service mimics Telegram’s copy feature for copying transactions. The MQL5 platform allows you to connect to thousands of traders who sell their trading signals, and make money from their successful trades. If you are successful at trading, you can become a signal provider and receive a monthly commission.
MT4 accounts of any forex broker will allow you to connect to traders’ databases around the world. Users of Telegram.forex have a tremendous advantage in this situation. Imagine receiving additional profits with just one trading account by copying two systems of transactions!
A future article will discuss MQL5 signals and provide detailed instructions for enabling this service.
The purpose of this article is to “lift the curtain” on Metatrader 4’s functional capabilities, which many traders are unaware of. With this knowledge, we hope you will be able to trade more efficiently with Telegram and attract more investors.
Wishing you a successful trading experience with Telegram.forex!