MT4 Operation Manual

MT4 Operation Manual

1. Log In

2. Trading Server

3. Toolbar Features

3.1 Click here to enter the Add New Symbol window

3.2 Select analysis period

3.3 Select analytical line

3.4 Select presentation by lines/objects

3.5 Select technical indicators

3.6 Select a list of symbols

3.7 Switch between different symbols

4. Introduction to Terminal Window Functions

4.1 Trading

4.2 Exposure

4.3 Account History

4.4 Alerts

4.5 Mailbox

4.6 Journal

5. Introduction to Create Orders

5.1 Press [F9] to pop up the order page.

5.2 Double-click a product symbol in Market Watch to place an order

5.3 Click [New Order] in the toolbar

5.4 Click a chart and select [Trade], then click [New Order]

6. Introduction to Pending Orders

7. Modify Trading Orders

8. Trailing Stop-Loss

9. View Report (Account History)

10. Close Positions

1. Log In

Click [File] and select the login button. In the login window, enter the account and password, select the server, and log in.

2. Trading Server

Choose a real or demo trading server depending on your account type.

3. Toolbar Features 3.1 Click here to enter the Add New Symbol window Select a symbol name from this list, the corresponding chart window will be opened.

3.2 Select analysis period Click here to select the periods for analysis: 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 Day, 1 Week, 1 Month.

3.3 Select analytical line Add the relevant analytical line here (including the Fibonacci retracement line)

3.4 Select presentation by lines/objects You can choose how to display the selected line/object here

3.5 Select technical indicators You can add the required technical indicators here

3.6 Select a list of symbols

3.7 Switch between different symbols Click on the red part to switch between the icon movements for different varieties, or switch to London Gold and London Silver.

4. Introduction to Terminal Window Functions

In the [View] box, select ‘symbol list’. In the symbol list window that appears, double-click to hide or show the list.

4.1 Trading Click [Trade] to view order details.

4.2 Exposure The terminal window displays account assets, balance, equity, available prepayments, etc.

4.3 Account History Click [Account History] to view information about completed transactions.

4.4 Alerts Click [Alerts] in the context menu, select ‘Create’, and you can set a designated price alert of different symbols for your trading orders.

4.5 Mailbox Click [Mailbox] to view the trading information we have pushed.

4.6 Journal Click [Journal] to view information about login, connection, and other network status in connection with this platform.

5. Introduction to Create Orders You can open the order window in the following ways:

5.1 Press [F9] to pop up the order page.

5.2 Double-click a product symbol in Market Watch to place an order.

5.3 Click [New Order] in the toolbar

5.4 Click a chart and select [Trade], then click [New Order] Trading order information, and all open orders have been sorted. You can check your profit and loss.

After opening the trading order window in any of the above four ways, select the symbol [Gold (LLG) or Silver (LLS)], then enter the number of lots. For the trading type, select [Instant Execution] Stop-Loss: This is a combo box with up and down arrows, allowing you to set the stop-loss level of the new trading order. You can click on an arrow or enter the stop-loss price directly. You can choose whether or not to set the Stop-loss price. Take Profit: This is a combo box with up and down arrows that allow you to set the profit level for new orders.

You can click on an arrow or enter the price at which you wish to take profit. You can choose whether or not to set the Take Profit price.

When you click the [Sell] or [Buy] button, the system will execute the [Buy] or [Sell] instructions at the displayed market price.

The [Trading] line in [Terminal] contains the current status information of the trading account and displays open or pending orders.

6. Introduction to Pending Orders

In the Trading Order window, select [Pending Order] to trade.

Definition of each order type

Buy Stop – to set the buy order with the bid price higher than the current price;

Sell-Stop – to set the sell order with a selling price below the current price;

Buy-Limit – to set a buy order with a buy price below the current price;

Sell-Limit – to set a sell order with a higher selling price than the current price;

At the price - the price which pending order opened, for stop-loss orders and limit orders, that is, on the

expiry date of the preset order price or at the time when the pending order expires, the trading order will expire on the preset date and time.

7. Modify Trading Orders Modifying Trading Orders means to change the [Stop-Loss] and [Take Profit] settings of an unmodified

open order.

In the terminal window, right-click on the trading order you wish to modify and select [Modify or Delete Trading Order] in the menu.

Then the trading order window appears, allowing you to modify the selected trading order.

This window displays tow boxes of point level (indicated in red) for you to set the set the [stop-loss price] and [take profit price]. After the setting, click the [Modify] button below to convert the points you have set up into prices. Or you can directly enter the [Stop-loss Loss] and [Take Profit] prices in the [Cut Loss] and [Profit] combo box.

After modifying the trading order, click [OK]. A message will appear, indicating that you have successfully set the cut loss and profit level of the trading order.

8. Trailing Stop-Loss

The purpose of setting the Stop-loss Level is to reduce the losses incurred when the price of the commodity moves in the direction of loss. When the position turns to the profit direction, you can manually adjust the cut loss to a level of profit and loss balance.

London Gold’s stop-loss trailing should be at least 200 points different from the current market price, and the minimum difference should be 10 points for London Silver.

1. Whenever a new ask price arises, the terminal will compare the market price with the open position to determine whether the trade makes a profit;

2. As long as the profit point is equal to or greater than the specified stop-loss trailing point, the system automatically moves the stop-loss price from the current position to the position of difference between the market price and the stop-loss trailing point, to maintain the maximum difference between the stop-loss price and the market price;

3. If the price changes in the direction of profit increase, the stop-loss price will automatically move with the price. If the profit falls, the position of the stop-loss price will remain unchanged;

4. If you close or exit the client platform, the stop-loss trailing setting will not continue to be effective, and the stop-loss price will stop at the level that you set at the last time. When you log in to the client platform next time, the stop-loss trailing price must be reset to take effect;

5. You can directly set the stop-loss trailing price without having to set a stop-loss price in advance. When the condition is met, the stop-loss price will be automatically generated and trailing will

automatically take effect;

The purpose of setting the stop-loss level is to reduce the loss incurred when the commodity price moves to the loss direction. When the position turns to the profit direction, the stop-loss price can be manually adjusted to a level of profit and loss balance. In order to automate this adjustment process, we have designed a trailing cut feature. This feature will help a lot when the price fluctuates sharply in the same direction or when you fail to monitor the market continuously.

9. View Report (Account History) Click on the account history to view the historical trading history of your account.

10. Close Positions If you need to close the position, right-click the order you want to close in the [Trade] option on the terminal. Select [Close Position] as shown below.

Click the [Close Position] button to complete the closing operation, or double-click the position you want to close.