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How to Customize MetaTrader 4 for Personalized Forex Trading 

MetaTrader 4 (MT4) stands out as a widely acclaimed Forex trading platform renowned for its immense features. What sets MT4 apart from the rest is its remarkable adaptability, allowing traders to personalize it to their unique trading DNA. Let’s take a look at some of the best ways you can customize MetaTrader 4 to make trading more fun for you! 

What is MetaTrader 4 (MT4)? 

MetaTrader 4 (MT4) is a popular trading platform for forex and other financial instruments. It was developed by MetaQuotes Software and released in 2005. MT4 is a popular choice for traders of all skill levels, as it offers a wide range of features and tools. 

Here are some key features of MetaTrader 4: 

  • Wide technical analysis options 
  • Flexible trading system 
  • Algorithmic and mobile trading 
  • Expert Advisors 
  • Signals service to copy trades of other traders 
  • Market service to provide various Expert Advisors and Technical indicators that you can buy 
  • Available for desktop, mobile, and Mac 
  • Internal C-like programming language to program trading 
  • Real-time online trading and Demo (practice trading) accounts 
  • Nine EAs, including Sentiment Trader 
  • A suite of over 20 apps that give you professional-grade control and flexibility over your trading strategy 

MT4 is a popular choice for traders of all skill levels, as it offers a wide range of features and tools. If you are looking for a powerful and versatile trading platform, MT4 is a good option to consider. 


How to Customize MetaTrader 4 Interface to Your Preferences? 

It’s pretty common for forex beginners to wonder how to personalize the MT4 interface based on their goals and trading strategies.

How to Customize MetaTrader 4 for Personalized Forex Trading 

Listed below are some intellectual ways you can take to customize MT4 platform: 

1. Open MetaTrader 4: 

Install the MetaTrader 4 trading platform on your trading device. It is strongly recommended to engage in trading using a computer device. 

2. Access the Options Menu: 

To access the “Options” feature, navigate to the “Tools” menu located in the platform’s upper section. Another way is to use the keyboard shortcut Ctrl+O. 

3. The Toolbar:

The toolbar stands out as a highly favored aspect for traders. It offers a diverse array of tools enabling users to engage in currency trading and handle various financial instruments. Moreover, the toolbar grants access to the ‘help’ menu and ‘settings’ menu, providing additional convenience for users.  

To customize the toolbar in MT4 for your preferences, you can follow these steps: 

  • Show or hide the toolbar by selecting “View – Toolbars” from the menu command. 
  • Hover your mouse over any of the toolbars, right-click, and select “Customize”. 
  • Remove or add the features you want. 
  • Save your changes and the customized toolbar should appear with the features you selected. 

If you are unsure where an item is located on the toolbar, you can right-click on the customize button on the left side of any of the four toolbars and view a list of all available items. 

4. Charts Tab: 

The “Charts” section provides options for customizing chart display settings. To modify the appearance of chart patterns, navigate to View > Chart Properties.  

  • Colors: Alter the color scheme for different elements of the chart, including the background, grid, and candlesticks.  
  • Common: Select the default chart type, enable or disable auto-scroll, and set the maximum number of bars visible in the historical data.  
  • Objects: Define the default properties for drawing tools such as lines, shapes, and text. 

5. Market Watch: 

  • Symbol Management: Modify the list of symbols displayed in the Market Watch window by performing a right-click on the window, then selecting “Symbols,” and managing the list. 
  • Column Customization: Tailor the columns shown in the Market Watch window by performing a right-click on the window, selecting “Columns,” and picking the preferred columns. 

6. Chart Customization: 

  • Timeframes: Select from a range of timeframes such as minutes, hours, days, weeks, or months. 
  • Chart Types: Choose between different chart types like line charts, bar charts, and candlestick charts. 
  • Indicators: Apply technical indicators to the chart for analysis. Right-click on the chart, select “Indicators,” and choose from the available options. 
  • Templates: Save and load chart templates for quick customization. Right-click on the chart, select “Templates,” and choose to save or load templates. 

7. General Tab: 

Within the Options window, a range of tabs will be visible to you. Begin by accessing the “General” tab, which offers the opportunity to personalize your settings.

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Here are a few modifications you can make: 

  • Language Selection: Determine your desired language. 
  • Confirmation Settings: Activate or deactivate prompts requesting confirmation for different actions. 
  • Sound Preferences: Enable or disable auditory notifications for various events. 
  • Preservation of Deleted Charts: By opting to save deleted charts in the designated “Deleted” folder, accidental closures can be reversed, allowing for recovery if necessary. 

8. Alerts & Notifications Tab:

Within the designated “Alerts” tab, you can establish various types of alerts, including audio, email, and push notifications, for different events such as specific price levels or indicator values. 

  • Alerts: Establish alerts based on price or indicators by right-clicking on the chart, choosing “Create Alert,” and specifying the conditions for the alert. 
  • Email/SMS Notifications: Arrange email or SMS notifications for particular events or alerts by accessing the “Tools” menu, selecting “Options,” and navigating to the “Email” or “Notifications” settings. 

9. Trade Tab:

The “Trade” tab encompasses settings pertaining to trade execution and management. Within this tab, you can customize parameters like: 

  • Execution Settings: Modify the options for executing trades by accessing the right-click menu on the chart, selecting “Trade,” and adjusting settings like trade confirmation and the ability to execute trades with a single click. 
  • One-click Trading: This functionality enables you to toggle the ability to execute trades with a single click on or off. 
  • Show trade levels: You can choose to display or hide entry, stop-loss, and take-profit levels on charts. 
  • Adjusting Trade Size: Establish the default trade size by right-clicking on the chart, selecting “Trade,” and modifying the settings for “Volume” or “Lots.” 
  • Confirm trade requests: This option enables or disables confirmation prompts for trade requests, providing control over the process. 
  • Personalizing Trade History: View and tailor the trade history tab according to your preferences by right-clicking on the “Trade” tab, selecting “Customize,” and selecting the desired columns. 

10. Expert Advisors Tab:

The tab labeled “Expert Advisors” provides access to automated trading systems known as Expert Advisors (EAs), which can assist you in creating personalized trading robots. Within this tab, you have the ability to modify EA settings, enabling or disabling them as needed, setting up alerts, and configuring trade permissions. 

  • EAs: Customize and apply automated trading strategies (EAs) by right-clicking on the chart, selecting “Expert Advisors,” and choosing the desired EA. 
  • Scripts: Create and apply custom scripts for specific trading actions by going to “Tools” -> “MetaQuotes Language Editor” and coding the desired script. 

11. Community Tab:

By utilizing the “Community” tab, you can conveniently reach the MQL5 community, where a variety of resources such as indicators, EAs, and more can be found. Synchronize your purchases and licenses by logging in to your MQL5 account. 

12. Server Tab:

Within the “Server” tab, you have the option to adjust the connection settings for your trading account. This encompasses configuring the server address, port number, and login credentials provided by your broker. 

13. Drawing Tools: 

MetaTrader equips users with a diverse selection of drawing tools. These instrumental tools enable the identification of trends and patterns in trading activities. To access these drawing tools, simply navigate to the Insert menu and opt for the Drawing feature. 

  • Locate the drawing tools: Drawing tools can be found in the toolbar at the top of the MT4 platform. If they are not visible, you can add them by right-clicking on the toolbar and selecting “customize”. 

14. Click OK:

After making the desired modifications in each tab, save your changes by clicking the “OK” button. 

You can customize MetaTrader 4 interface to suit your preferences and trading needs by adhering to these instructions. For more information on customization options that are specific to your platform version, please refer to the MT4 user guide or your broker’s documentation. 


How to Place a New Order in MT4? 

Here are the steps to place a trading order in MT4, based on the search results: 

  1. Click on the ‘New Order’ button on the toolbar. 
  1. Select ‘New Order’ from the ‘Tools’ drop-down menu. 
  1. Press F9. 
  1. Right-click an instrument in the ‘Market Watch’ window and select ‘New Order’. 
  1. Double-click an instrument in the ‘Market Watch’ window. 
  1. Enable one-click trading. 
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Once you have opened the order window, you can choose the type of order you want to place. There are several types of orders available in MT4, including: 

  • Market Order 
  • Pending Order 
  • Stop Loss Order 
  • Take Profit Order 

You can also modify or close an existing trade by right-clicking on the trade in the Terminal window and selecting Modify or Close Order. 


How to Save a Customized Chart Template in MetaTrader 4? 

To save a customized chart template in MetaTrader 4, there are a few steps to follow:  

  1. Right-click on the chart to bring up the sub-menu. 
  1. Select “Templates” and then “Save Template” 
  1. Enter a name for the template and press “Save” 

Alternatively, users can execute the “Charts – Template – Save Template…” menu command or the chart context menu command of the same name. Once the template is saved, users can access it by going to “Charts” and then “Template”. Users can also set up their default charts with no indicators and save them as templates. 


How to Share a Chart Template with other MetaTrader 4 users? 

To share a chart template with other MetaTrader 4 users, one needs to follow these steps: 

  1. Save the customized chart template by executing the “Charts – Template – Save Template…” menu command, the chart context menu command of the same name, or by pressing the button of the “Charts” toolbar. 
  1. Share the saved template file with other users via email, file-sharing services, or other means. 
  1. Instruct the other users to save the template file in their own MetaTrader 4 platform by executing the “Charts – Template – Load Template…” menu command, the chart context menu command of the same name, or by pressing the button of the “Charts” toolbar. 
  1. Once the template is loaded, the other users can apply it to their charts by selecting it from the “Templates” menu. 

How to Import a Chart Template in MetaTrader 4? 

To import a chart template in MetaTrader 4, one needs to follow these steps: 

  1. Save the chart template file on the computer. 
  1. Open the MetaTrader 4 platform. 
  1. Right-click on the chart to which the template should be applied. 
  1. Move the cursor to “Template” and click on “Load Template”. 
  1. Go to the folder where the saved template file is located and select it. 
  1. Click “Open” to apply the template to the chart. 

Alternatively, users can select the desired template from the “Templates” menu by going to “Charts” and then “Templates”. 


How to Apply a Chart Template to Multiple Charts in MetaTrader 4? 

To apply a chart template to multiple charts in MetaTrader 4, one needs to follow these steps: 

  1. Save the customized chart template by executing the “Charts – Template – Save Template…” menu command, the chart context menu command of the same name, or by pressing the button of the “Charts” toolbar. 
  1. Open the other charts to which the template should be applied. 
  1. Right-click on each chart and select “Templates” and then “Load Template”. 
  1. Go to the folder where the saved template file is located and select it. 
  1. Click “Open” to apply the template to the chart. 

Overall, applying a chart template to multiple charts in MetaTrader 4 saves time and boosts trading efficiency. 


How To Download MetaTrader 4 (MT4)? 

Here are the steps to download and install MetaTrader 4 on a computer or mobile device: 

For Windows PC: 

  1. Go to the MetaTrader 4 Windows download page on the broker’s website. 
  1. Click the “Download Now” button to download the installation file. 
  1. Run the installation file and agree to the terms of the license agreement. 
  1. Follow the instructions to complete the installation process. 

For Mac:  

  1. Download a version of the MetaTrader 4 platform for Mac from the broker’s website. 
  1. Use a VPS or third-party software available directly from the MetaTrader 4 website to launch MT4 on a Mac. 

For mobile devices:  

  1. Visit the Google Play app store or the App Store. 
  1. Type in “MetaTrader 4” and select the MetaTrader 4 app. 
  1. Download and install the app on your mobile device. 

It is important to note that before downloading and installing MetaTrader 4, you need to open a trading account with a broker that offers the platform. Once you have an account, you can follow the steps above to download and install MetaTrader 4 on your computer or mobile device. 

How to Customize MetaTrader 4 for Personalized Forex Trading 

Here are some additional guidelines for acquiring and setting up MT4: 

  • Ensure that you obtain MT4 from a reputable source to avoid potential risks. Be cautious of fraudulent websites that claim to offer MT4 downloads, as they might contain harmful software or viruses. 
  • Download MT4 exclusively designed for your specific operating system. Distinct versions of MT4 exist for Windows, Mac, and Linux. Installing an incompatible version can lead to functionality issues with MT4. 
  • Verify that you possess sufficient disk space to accommodate the installation of MT4. The installation file occupies approximately 100MB of storage. 
  • In the event of encountering any difficulties during the installation process of MT4, you can seek assistance from the support team of MetaTrader 4. They are available to provide the necessary help and support. 

With AximTrade MetaTrader 4, you can trade anytime, anywhere on your PC or mobile device. AximTrade MT4 platform offers real-time market access and supports various financial instruments like currencies, CFDs, indices, futures, commodities, and cryptocurrencies. 


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