MetaTrader Platform Archives - OneRoyal Academy

How do I place a pending order on MT4?

A pending order is an instruction to open a position when an instrument reaches a certain price pre-defined by you. You can place a pending order via the main ‘Order’ window. Simply change the ‘Type’ from ‘Market Execution’ to ‘Pending Order’. A drop-down menu will then appear that will allow you to specify whether the pending order you are about to place is a Buy Limit, Sell Limit, Buy Stop, or a Sell Stop Order. It will also allow you to set a limit price and expiry date and time. Bear in mind that Buy stops & Sell limits must be placed above the current market price while Sell stops and Buy limits must be placed below the current market

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How do I close a position on MT4?

To manually close an open position, you must first locate the order in the MT4 ‘Terminal’ window at the bottom of your MT4 screen. Right-click on the order you wish to close and select ‘Close Order’, or double-click on the order to bring up the ‘Order’ window and close it from there. Alternatively, you can close a position by clicking the ‘X’ symbol at the bottom right corner of your MT4 terminal. If you have one click trading enabled, these actions will result in the immediate closure of the trade, without displaying any confirmation window. If you have set valid stop-loss or take-profit levels, your order will be closed once the market price reaches either of the levels you have

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How do I place a new order in MT4?

There are many ways to place a new order in the MT4 terminal: Click on the ‘New Order’ button on the toolbar Select ‘New Order’ from the ‘Tools’ drop-down menu Press F9 Right-click an instrument in the ‘Market Watch’ window and select ‘New Order’ Double-click an instrument in the ‘Market Watch’ window Enable one-click trading Proceeding with any of the above options will open up the ‘Order’ window. This will let you adjust the parameters of the position you are about to open. The ‘Symbol’ field allows you to change the instrument and the ‘Volume’ field allows you to set the size of the trade (lot). You may also set stop-loss and take-profit levels. You then click ‘Sell’ to open a short position at the current bid price or ‘Buy’ to open a long position at the current ask

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How do I change the chart type?

Click on the ‘Charts’ tab in the toolbar and choose the type you want, ‘Bar’, ‘Candlesticks’, or ‘Line’. You can also click on one of the chart buttons on the

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The charts say ‘Waiting for Update’; what do I do?

This is perfectly normal when you log in for the first time after downloading the platform. To activate the charts, select any instrument in the ‘Market Watch’ window and drag it to one of the charts. The chart for that specific instrument will then appear right

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How do I change my MT4/5 password?

In order to change your MT4/5 password, please login to your Client Portal and then click on Accounts –> Accounts Overview, and then click on the MT4/5 account that you wish to change the password for. To the right of the Trading Platform Password section, click on the Change button. Now click on Continue to receive an email with instructions on how to reset your password. Follow the steps in the email you will receive to complete the process of changing your MT4/5

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How can I download MT4?

You can download MT4 and MT5 on your desktop, mobile phone, tablet or simply open it in your browser. Download links are available within the client

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