How to use MetaTrader 4 (Windows)

Install MT4 by following these steps:

1. Download the installation file for MT4.
2. Execute the file from your browser or double-click on the downloaded installation file.
3. Customize the installation location using Settings according to your preferences, or proceed by clicking Next to accept the End-User License Agreement.
4. Once the installation is finished, click Finish to open MT4.
5. During your initial log-in, close the "Open an account" window by selecting Cancel. Subsequently, a window will prompt you for your Login, Password, and Server information. 

 To log in to MT4, follow these steps:

1. Click on File, then select "Login to Trade Account."
2. Enter the Login, Password, and Server details for your trading account, then click the Login button.

• You can locate this information on the page that appears when you complete the process of opening a new account, or check your registered email address.

Upon successful login, a confirmation chime will sound, indicating that you are now logged into MT4 with your trading account. 

 To switch accounts, follow these steps:

1. While currently logged into your trading account, go to File and select "Login to Trade Account."
2. Sign in with the credentials of your other trading account, including the account number, password, and the relevant server; then click OK.
3. To expedite future switches, you can opt for a quicker process by checking the box to "Save account information." 

 Adding and removing instruments can be done as follows:

To add instruments:

1. Right-click on the Market Watch window.
2. Choose "Symbols."
3. From the displayed list of symbol groups, make a selection.
4. Click on an instrument to add it to the Market Watch, and then click Close.

To remove instruments:

1. Right-click on the instrument in the Market Watch.
2. Click on "Hide." 

Opening orders

Initiating orders can be done in four different ways:

1. Click on "New Order" in the toolbar.
2. Use the keyboard shortcut by pressing F9.
3. Right-click on the trading instrument in the Market Watch window and select "New Order."
4. Double-click on the trading instrument in the Market Watch window 

These procedures initiate the opening of the New Order window.

1. In the New Order window, choose your preferred symbol, transaction size, Stop Loss (SL), and Take Profit (TP) levels.
2. The execution type, automatically determined by the chosen instrument and trading account type, is located under "Type."
3. To execute the order, select either "Sell By Market" or "Buy By Market." 

Cosing orders

To close an order, you have several options:

1. Double-click on the specific order you wish to close in the Trade tab (located in the Terminal area), then click the yellow "Close By Market" button.
2. Right-click on the order in the Trade tab, choose "Close Order," and confirm. If One-Click Trading is enabled, the order closes upon selecting "Close Order."
3. Click on the 'X' located on the right side of the order in the Trade tab. This action swiftly closes the order when One-Click Trading is active.

Feel free to employ any of these methods to close your orders. 

Pending orders

 Pending orders in MT4 offer four types to choose from (Buy Limit, Sell Limit, Buy Stop, and Sell Stop), with the option to automatically close these orders using Stop Loss and Take Profit settings.

Follow these steps to create a pending order:

1. Open the New Order window (F9).
2. Choose the Symbol, set the order Volume, and select Pending Order from the Type dropdown menu.
3. The Pending Order settings will be visible. Pick your preferred pending order type from the Type dropdown, and then specify the desired Price and Expiry date.
4. Optionally, set Stop Loss (SL) and Take Profit (TP) levels as usual.
5. Click Place to establish your pending order. 

Modify or delete orders 

To adjust or remove orders, follow these steps:

1. Right-click on the specific order in the Trade tab (found in the Terminal area).
2. Select Modify or Delete Order.
3. For modification: adjust the applicable fields such as Price, Stop Loss, Take Profit, and Expiry. Confirm the changes by clicking Modify.
4. For deletion: choose the Delete option.