mt4/wealth trade fx platform guide by william cheung

119

Upload: williamcheung

Post on 24-May-2015

2.395 views

Category:

Documents


2 download

DESCRIPTION

MT4 Users Guide which I created September 2011

TRANSCRIPT

Page 1: MT4/Wealth Trade Fx Platform Guide By William Cheung
Page 2: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 2

Section Page

Your Welcome Letter 4

Downloading Your WealthTrade FX Platform 5

Installing Your WealthTrade FX Platform 9

Logging into Your WealthTrade FX Platform 18

Checking Your Connectivity 23

Populating Your Charts 24

Familiarizing Yourself with the Windows 25

Familiarizing Yourself with the Market Watch Window 26

Familiarizing Yourself with the Navigator Window 30

Familiarizing Yourself with the Terminal Window 46

Familiarizing Yourself with the Charting Window 65

Order Types – Initial Entry 72

Order Types – Market Execution 75

Order Types – Pending Order 77

Modifying Orders – Open Positions 79

Modifying Orders – Pending Orders 82

Closing Open Trades 85

Deleting Pending Orders 88

Trailing Stops 91

Table of Contents

By William Cheung

Page 3: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 3

Section Page

Familiarizing Yourself with Main Menu Features 94

Main Menu Features – File Tab 96

Main Menu Features – View Tab 98

Main Menu Features – Insert Tab 102

Main Menu Features – Charts Tab 104

Main Menu Features – Tools Tab 107

Main Menu Features – Window Tab 110

Main Menu Features – Help Tab 112

Tool Bars 114

Tool Bars – Standard 115

Tool Bars – Charts 116

Tool Bars – Line Studies 117

Tool Bars – Periodicity 118

Section

Frequently Ask Questions

Table of Contents

By William Cheung

Page 4: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 4

Hello [xxx],

Welcome to WealthTradeFX

Here is the information for your new Independent Freedom Account. Below, you will find your new login

information providing full access to your live account upon funding.

If applicable, please make sure to change the Login information you previously had on your demo account to

the new login below by going to File Menu / Login and then Enter new Login and Password.

This is your login information:

Username better known as: Login: [xxx]

Password: [xxx] (case sensitive)

Server: WealthTrade-Live

(If you haven’t downloaded WealthTradeFX Pro MT4 Trading Platform: http://www.wealthtradefx.com/downloads/wfx4setup.exe)

Your Welcome Letter

By William Cheung

Page 5: MT4/Wealth Trade Fx Platform Guide By William Cheung

Downloading Your WealthTrade FX Platform

Before downloading the WealthTrade FX platform, it is advised that you deactivate all antivirus software, firewalls or anything which may hinder proper data transfer.

1) Click on the link found in your Welcome email (http://www.wealthtradefx.com/downloads/wfx4setup.exe)

a) You will be prompted to choose to either Run or Save; please select ‘SAVE’.

b) The next window will prompt you to select the location to save the zip file (we recommend you save it to your desktop); click the ‘SAVE’ button.

c) A new set-up icon will appear on your desktop called ‘wfx4setup’. Double click this icon to run the set up.

d) When prompted, select the language of preference, then click the ‘NEXT’ button.

e) Another window will appear with a welcome message; click the ‘NEXT’ button.

f) This next window will require to agree to the terms of the license. If you agree, check the box and click on the ‘NEXT’ button.

g) Browse the location where you would like to save the platform otherwise, it will save to a default location. Select ‘NEXT’ after you have made this selection.

h) For the ‘Select Program Group:’, click on the ‘NEXT’ button and on the following window, click the ‘NEXT’ button again.

i) Once this process has completed, click the ‘FINISH’ button.

j) Your desktop should have a new shortcut icon to start your platform and should have automatically started.

Copyright©2011 WealthTrade FX Ltd 5 By William Cheung

Page 6: MT4/Wealth Trade Fx Platform Guide By William Cheung

Downloading Your WealthTrade FX Platform

Copyright©2011 WealthTrade FX Ltd 6

Click on this link to begin

download of platform

Step 1

By William Cheung

Page 7: MT4/Wealth Trade Fx Platform Guide By William Cheung

Downloading Your WealthTrade FX Platform

Copyright©2011 WealthTrade FX Ltd 7

Click SAVE

Step 2

By William Cheung

Page 8: MT4/Wealth Trade Fx Platform Guide By William Cheung

Downloading Your WealthTrade FX Platform

Copyright©2011 WealthTrade FX Ltd 8

1) Select DESKTOP

2) Click SAVE

Step 3

By William Cheung

Page 9: MT4/Wealth Trade Fx Platform Guide By William Cheung

Installing Your WealthTrade FX Platform

Copyright©2011 WealthTrade FX Ltd 9

Double click

wfx4setup icon

Step 4

By William Cheung

Page 10: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 10

Step 5

1) Select Language

Preference

2) Click NEXT

Installing Your WealthTrade FX Platform

By William Cheung

Page 11: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 11

Step 6

Click NEXT

Installing Your WealthTrade FX Platform

By William Cheung

Page 12: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 12

Step 7

1) Check this Box

2) Click NEXT

Installing Your WealthTrade FX Platform

By William Cheung

Page 13: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 13

Step 8

1) Select Folder Location

(if necessary)

2) Click NEXT

Installing Your WealthTrade FX Platform

By William Cheung

Page 14: MT4/Wealth Trade Fx Platform Guide By William Cheung

Installing Your WealthTrade FX Platform

Copyright©2011 WealthTrade FX Ltd 14

Step 9

1) Select Program

Group or Rename

2) Click NEXT

By William Cheung

Page 15: MT4/Wealth Trade Fx Platform Guide By William Cheung

Installing Your WealthTrade FX Platform

Copyright©2011 WealthTrade FX Ltd 15

Step 10

Click NEXT

By William Cheung

Page 16: MT4/Wealth Trade Fx Platform Guide By William Cheung

Installing Your WealthTrade FX Platform

Copyright©2011 WealthTrade FX Ltd 16

Step 11

Click FINISH

By William Cheung

Page 17: MT4/Wealth Trade Fx Platform Guide By William Cheung

Installing Your WealthTrade FX Platform

Copyright©2011 WealthTrade FX Ltd 17 By William Cheung

Page 18: MT4/Wealth Trade Fx Platform Guide By William Cheung

Logging into Your WealthTrade FX Platform

By default, the ‘Open an Account’ window will be on top of all other windows. Please close this window or click the ‘CANCEL’ button

2) The next pop up window which will appear, will be the login window

a) In the Login field, type in the account number which was provided to you in your Welcome letter

b) In the Password field, type in the password which was provided to you in your Welcome letter (N.B. Your password is extremely case sensitive, so any discrepancies in this field will cause an “invalid login” error message)

c) In the Server field, click on the drop down arrow and select ‘WealthTrade-Live’ (N.B. If funding your own account, it is mandatory to use this server as it is correlated to your login credentials. Any discrepancies in this field will cause a “no connection” error message).

d) Please check the box ‘SAVE ACCOUNT INFORMATION’

e) Click the Login button (This process may take up to 30 seconds to authenticate and connect your platform to the appropriate servers)

f) The platform should then chime and the connection status link located at the bottom right corner should change from all red bars, to red and green bars.

If you did not successfully login with the credentials and server information provided to you in your Welcome letter, the login window will close; click the word File from the main menu located close to the top of the platform and select Login, then repeat the process as stated in step 1 above.

If you continue to have difficulties logging into your account, please contact [email protected] for assistance.

Copyright©2011 WealthTrade FX Ltd 18 By William Cheung

Page 19: MT4/Wealth Trade Fx Platform Guide By William Cheung

Logging into Your WealthTrade FX Platform

Copyright©2011 WealthTrade FX Ltd 19

Click CANCEL or

close out this window

By William Cheung

Page 20: MT4/Wealth Trade Fx Platform Guide By William Cheung

Logging into Your WealthTrade FX Platform

Copyright©2011 WealthTrade FX Ltd 20

This window should

now appear.

By William Cheung

Page 21: MT4/Wealth Trade Fx Platform Guide By William Cheung

Logging into Your WealthTrade FX Platform

Copyright©2011 WealthTrade FX Ltd 21

Refer to your Welcome

Letter for your Login

Credentials and instructions

By William Cheung

Page 22: MT4/Wealth Trade Fx Platform Guide By William Cheung

Logging into Your WealthTrade FX Platform

Copyright©2011 WealthTrade FX Ltd 22

1) Enter Login

Account Number

2) Enter Password

(case sensitive !)

3) Select WEALTHTRADE-

LIVE from drop down arrow

4) Check box SAVE

ACCOUNT INFORMATION

(optional)

5) Click LOGIN

By William Cheung

Page 23: MT4/Wealth Trade Fx Platform Guide By William Cheung

Checking Your Connectivity

Copyright©2011 WealthTrade FX Ltd 23

If this icon is Green and Red, you have successfully connected to the servers.

By William Cheung

Page 24: MT4/Wealth Trade Fx Platform Guide By William Cheung

Populating Your Charts

Copyright©2011 WealthTrade FX Ltd 24

To populate each chart, drag and

drop the selected pair/CFD from the

Market Watch window, onto the chart

By William Cheung

Page 25: MT4/Wealth Trade Fx Platform Guide By William Cheung

Familiarizing Yourself with the Windows

By default, there are three administrative windows and eight charting windows. If any of the administrative windows are not open when you login to your platform, simply click on the View tab in your main menu (located at the top of your platform) then select the relevant window(s).

1) Market Watch: Displays some of the pairs and CFDs (Contracts for Difference) which you can drag and drop into the charting windows for observation or trade.

You can add all the available pairs and CFDs to your market watch list by right clicking within the market watch window, then selecting ‘Show All’.

2) Navigator: The navigator window displays five main folders, as follows:

a) Accounts: Displays all the accounts which your platform has login credentials and access to.

b) Indicators: Displays all the default indicators, oscillators and studies which have been loaded into these settings, which can be dragged and dropped onto a chart for use.

c) Expert Advisors: Displays all the preconfigured programs which your platform may utilize.

d) Custom Indicators: Displays all the default indicators which you may have loaded into this platform.

e) Scripts: Displays all the specific actions which your Expert Advisors is comprised of.

3) Terminal: Displays trade related and other information pertinent to the specific account

4) Charts: Displays the chart of the security based on the programmed parameters also enabling initial trading abilities.

Copyright©2011 WealthTrade FX Ltd 25 By William Cheung

Page 26: MT4/Wealth Trade Fx Platform Guide By William Cheung

Familiarizing Yourself with the Market Watch Window

The MARKET WATCH window has two tabs as follows:

Symbols Tab: Displays all the pairs/CFDs which you’ve allocated to the market watch window.

Right Click Features:

New Order: Opens NEW ORDER window based on selected pair/CFD

Chart Window: Opens new CHART WINDOW based on selected pair/CFD

Tick Chart: Reverts to TICK CHART tab based on selected pair/CFD

Hide: HIDES selected pair/CFD

Hide All: HIDES ALL pairs/CFDs

Show All: SHOWS ALL pairs/CFDs

Symbols: Show/hides available pairs/CFDs to market watch list

Sets: Saves/removes currently saved list

High/Low: Adds High/Low columns to Market Watch window

Time: Add/remove GMT time columns to Market Watch window

Auto arrange: Rearranges Market Watch list to fit window size

Grid: Applies/removes GRID lines

Popup Prices: Displays POPUP PRICES in separate window

Copyright©2011 WealthTrade FX Ltd 26 By William Cheung

Page 27: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 27

Opens NEW ORDER window based on selected pair/CFD

Opens new CHART WINDOW based on selected pair/CFD

HIDES selected pair/CFD

HIDES ALL pairs/CFDs

SHOWS ALL pairs/CFDs

Reverts to TICK CHART tab based on selected pair/CFD

Show/hides available pairs/CFDs to market watch list

Saves/removes currently saved list

Adds High/Low columns to Market Watch window

Add/remove GMT time columns to Market Watch window

Rearranges Market Watch list to fit window size

Applies/removes GRID lines

Displays POPUP PRICES in separate window

Familiarizing Yourself with the Market Watch Window

By William Cheung

Page 28: MT4/Wealth Trade Fx Platform Guide By William Cheung

The MARKET WATCH window has two tabs as follows:

Tick Chart Tab: Shows a tick chart based on transactions and last bid price.

Right Click Features:

New Order: Opens NEW ORDER window based on tick chart window

Chart Window: Opens new chart window based on tick chart

Ask Line: Add/remove ASK price line to tick chart

Grid: Applies/removes GRID lines

Copyright©2011 WealthTrade FX Ltd 28

Familiarizing Yourself with the Market Watch Window

By William Cheung

Page 29: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 29

Opens NEW ORDER window based on tick chart window

Opens new chart window based on tick chart

Applies/removes GRID lines

Add/remove ASK price line to tick chart

Familiarizing Yourself with the Market Watch Window

By William Cheung

Page 30: MT4/Wealth Trade Fx Platform Guide By William Cheung

The NAVIGATOR Window is used to access different accounts, initiate various pre-programmed tools which may be applied to trading and/or charting windows.

There are two tabs in the Navigator window; the Common tab and the Favorites tab. The Commons tab features are listed below and the Favorites tab is a compilation of what you choose to add to it for quick access.

Accounts (main) Right Click Features:

Open an Account: Creates a new demo/practice account.

Accounts (expanded): Displays all accounts created on this platform

Right Click Features:

Login: Login to selected account (or double click on the account to Login)

Delete: Deletes the selected account from the list

Open an Account: Creates a new demo/practice account

Add to Favorites: Add selected account to Favorites tab

Copyright©2011 WealthTrade FX Ltd 30

Familiarizing Yourself with the Navigator Window

By William Cheung

Page 31: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 31

Creates a new demo/practice account.

Familiarizing Yourself with the Navigator Window

By William Cheung

Page 32: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 32

Login to selected account (or double

click on the account to Login)

Deletes the selected account from the list

Creates a new demo/practice account.

Add selected account to Favorites tab

Familiarizing Yourself with the Navigator Window

By William Cheung

Page 33: MT4/Wealth Trade Fx Platform Guide By William Cheung

Indicators (expanded): Displays all the default indicators, oscillators and studies which have been loaded into these settings, which can be dragged and dropped onto a chart to activate (can also be applied to the selected chart by double clicking the indicator).

Right Click features

Attach to a Chart: Apply selected Indicator to selected chart.

Add to Favorites: Add selected indicator to Favorites tab.

Set Hot Key: Creates a keystroke to apply to selected chart.

Copyright©2011 WealthTrade FX Ltd 33

Familiarizing Yourself with the Navigator Window

By William Cheung

Page 34: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 34

Apply selected Indicator to selected chart

Creates a keystroke to apply to selected chart.

Add selected indicator to Favorites tab

Familiarizing Yourself with the Navigator Window

By William Cheung

Page 35: MT4/Wealth Trade Fx Platform Guide By William Cheung

Expert Advisors (main) Right Click Features:

Create: Enables you to create your own personalize automatic trading parameters.

Set Hot Key: Creates/sets a hotkey to initiate the selected preconfigured program.

Online Library: Allows you to view the database of files/scripts which you can utilize as a part of your Expert Advisor creation.

Expert Advisors (expanded):

MACD Sample* (double clicked or drag and dropped onto a chart): Initiates the preconfigured automatic trading parameters of MACD Sample.

MACD Sample Right Click features:

Attach to a Chart: Applies the MACD Sample to the selected chart.

Modify: Changing the actual script via programming language

Delete: To delete the MACD Sample from the Expert Advisor Expanded List

Create: To create a new expert advisor, using the MACD Sample parameters.

Add to Favorites: Adds MACD Sample to the Favorites Tab.

Set Hot Key: Assigning a hot key to initiate the MACD Sample with a keystroke

Online Library: Online resources to investigate and possibly modify/integrate the MACD Sample.

* must be configured prior to use

Copyright©2011 WealthTrade FX Ltd 35

Familiarizing Yourself with the Navigator Window

By William Cheung

Page 36: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 36

Enables you to create your own personalize automatic trading parameters

Creates/sets a hotkey to initiate the selected preconfigured program

Allows you to view the database of files/scripts which you can utilize as a

part of your Expert Advisor creation

Familiarizing Yourself with the Navigator Window

By William Cheung

Page 37: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 37

Changing the actual script via programming language

Delete the MACD Sample from the Expert Advisor Expanded List

Create a new expert advisor, using the MACD Sample parameters

Applies the MACD Sample to the selected chart

Adds MACD Sample to the Favorites Tab

Assigning a hot key to initiate the MACD Sample with a keystroke.

Online resources to investigate and possibly

modify /integrate the MACD Sample.

Familiarizing Yourself with the Navigator Window

By William Cheung

Page 38: MT4/Wealth Trade Fx Platform Guide By William Cheung

Expert Advisors (expanded):

Moving Average* (double clicked or drag and dropped onto a chart): Initiates the preconfigured automatic trading parameters of Moving Average.

Moving Average Right Click features:

Attach to a Chart: Applies the Moving Average to the selected chart.

Modify: Changing the actual script via programming language

Delete: To delete the Moving Average from the Expert Advisor Expanded List

Create: To create a new expert advisor, using the Moving Average parameters.

Add to Favorites: Adds Moving Average to the Favorites Tab

Set Hot Key: Assigning a hot key to initiate the Moving Average with a keystroke

Online Library: Online resources to investigate and possibly modify /integrate the Moving Average.

* must be configured prior to use

Copyright©2011 WealthTrade FX Ltd 38

Familiarizing Yourself with the Navigator Window

By William Cheung

Page 39: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 39

Changing the actual script via programming language

Applies the Moving Average to the selected chart

Delete the Moving Average from the Expert Advisor Expanded List

Create a new expert advisor, using the Moving Average parameters

Adds Moving Average to the Favorites Tab

Assigning a hot key to initiate the Moving Average with a keystroke

Online resources to investigate, possibly modify the Moving Average

Familiarizing Yourself with the Navigator Window

By William Cheung

Page 40: MT4/Wealth Trade Fx Platform Guide By William Cheung

Custom Indicators (main) Right Click features:

Create: Enables the end user to create custom indicators.

Set Hot Key: Creates/sets a hotkey to initiate the selected indicator.

Online Library: Online resources to investigate and possibly modify/integrate the Custom Indicator.

Custom Indicators (expanded) Right Click features:

Attach to a Chart: Attaches/applies the selected custom indicator to the selected chart.

Modify: Changing the actual script via programming language.

Delete: To delete the selected custom indicator from the Custom Indicator expanded list

Create: To create a new custom indicator.

Add to Favorites: Adds selected custom indicator to the Favorites Tab

Set Hot Key: Assigning a hot key to initiate the selected custom indicator with a keystroke.

Online Library: Online resources to investigate and possibly modify /integrate a new or existing custom indicator.

Copyright©2011 WealthTrade FX Ltd 40

Familiarizing Yourself with the Navigator Window

By William Cheung

Page 41: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 41

Creates/sets a hotkey to initiate the selected indicator

Enables the end user to create custom indicators

Online resources to investigate and possibly modify

/integrate the Custom Indicator.

Familiarizing Yourself with the Navigator Window

By William Cheung

Page 42: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 42

Changing the actual script via programming language

Attaches/applies the selected custom indicator to the selected chart

Delete the selected custom indicator from the Custom Indicator expanded list

To create a new custom indicator

Adds selected custom indicator to the Favorites Tab

Assigning a hot key to initiate the selected custom indicator with a keystroke

Online resources to investigate and possibly modify

/integrate a new or existing custom indicator

Familiarizing Yourself with the Navigator Window

By William Cheung

Page 43: MT4/Wealth Trade Fx Platform Guide By William Cheung

Scripts (main) Right Click features:

Create: Enables the end user to create custom scripts.

Set Hot Key: Creates/sets a hotkey to initiate the selected script.

Online Library: Online resources to investigate and possibly modify /integrate the script.

Scripts (expanded) Right Click features:

Execute on Chart: A one time execution of the selected command to the selected chart (either by double clicking the selected script or dragging and dropping onto the selected chart).

Modify: Changing the actual script via programming language.

Delete: To delete the selected script from the Scripts expanded list

Create: To create a new custom script.

Add to Favorites: Adds selected script to the Favorites Tab

Set Hot Key: Assigning a hot key to initiate the selected script with a keystroke.

Online Library: Online resources to investigate and possibly modify /integrate a new or existing scripts.

Copyright©2011 WealthTrade FX Ltd 43

Familiarizing Yourself with the Navigator Window

By William Cheung

Page 44: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 44

Creates/sets a hotkey to initiate the selected script

Enables the end user to create custom scripts

Online resources to investigate and possibly modify/integrate the script

Familiarizing Yourself with the Navigator Window

By William Cheung

Page 45: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 45

To delete the selected script from the Scripts expanded list

Changing the actual script via programming language

Executes the selected command to the selected chart

To create a new custom script

Adds selected script to the Favorites Tab

Assigning a hot key to initiate the selected script with a keystroke

Online resources to investigate and possibly

modify /integrate a new or existing scripts.

Familiarizing Yourself with the Navigator Window

By William Cheung

Page 46: MT4/Wealth Trade Fx Platform Guide By William Cheung

The TERMINAL window has six tabs as follows:

Trade: The Trade tab shows the current account statistics, including open positions and pending orders.

Account History: The Account History tab displays all closed trades, summarized with the profit and losses, credits, deposits and withdrawals bar.

Alerts: The Alerts tab lists all alerts created.

Mailbox: The Mailbox tab contains all account registration information including server sent messages directed to specific end users.

Journal: The Journal tab is a summary of all initiated trade related clicks and server responses.

Copyright©2011 WealthTrade FX Ltd 46

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 47: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 47

The Trade tab shows the current account statistics,

including open positions and pending orders.

The Mailbox tab contains all account registration information

including server sent messages directed to specific end users.

The Journal tab is a summary of all initiated trade

related clicks and server responses

The Alerts tab lists all alerts created

The Account History tab displays all closed trades, summarized

with the profit and losses, credits, deposits and withdrawals bar

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 48: MT4/Wealth Trade Fx Platform Guide By William Cheung

The Trade Tab:

Trade: The Trade tab is divided into three sections as follows:

Open Positions: All open positions are listed above the statistics line, with long positions indicated with a blue circle on the bottom right corner of the order ticket and short positions with a red circle on the order ticket, under the Orders column.

Statistics Line: Displays the current statistics of the account.

Balance: The available balance of the account

Equity: Equity available for trading (Balance + profit/loss of open positions)

Margin: Margin utilized for the open trades

Free Margin: Amount of margin available to be allocated to trades.

Margin Level: Amount of Free Margin available to be utilized; Margin level of risk currently utilized

Pending Orders: Displays all open orders below the statistics line, which have been placed but not yet filled.

Copyright©2011 WealthTrade FX Ltd 48

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 49: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 49

OPEN POSITIONS: All open

positions are listed above the

statistics line, with long positions

indicated with a blue circle on

the bottom right corner of the

order ticket and short positions

with a red circle on the order

ticket, under the Orders column.

STATISTICS

LINE

PENDING ORDERS: Displays

all open order which have been

placed but not yet filled. All

pending orders are listed below

the statistics line

Short positions indicated with a red circle on

the bottom right corner of the order ticket

Long positions indicated with a blue circle on

the bottom right corner of the order ticket

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 50: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 50

Balance: The available balance

of the account

Equity: Equity available for trading

(Balance + profit/loss of open positions)

Margin: Margin utilized for the

open trades

Free Margin: Amount of margin

available to be allocated to trades

Margin Level: Amount of Free

Margin available to be utilized;

Margin level of risk currently utilized

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 51: MT4/Wealth Trade Fx Platform Guide By William Cheung

Columns within the Trade Tab*:

a) Order: The transaction ticket number, unique to the specific trade.

b) Time: Time the position was opened, displayed in year, month, day, hours, minutes.

c) Type: Type of transaction Buy (long position), Sell (short position), Sell Stop, Sell Limit, Buy Stop, Buy Limit (N.B. these are all entry orders, not to be confused with closing open trades).

d) Size: Size of the position of the transaction.

e) Symbol: Name of the financial instrument of the transaction.

f) Open Price: The price at which the position was opened.

g) S/L: Stop Loss price (If the order has not been placed, there will be a zero in this field).

h) T/P: Take Profit price (If the order has not been placed, there will be a zero in this field).

i) Current Price: The current bid price for the instrument.

j) Commission: The commission charged by the brokerage company on trades (if applicable).

k) Taxes: Any taxes which may be associated with the trade.

l) Swap: Displays current accrued swap fees.

m) Profit: Displays the financial result if closing the trade at the current price.

n) Comment: This column lets you add comments to your trading transactions (comments can only be added when you open a position or place a pending order - brokerage company may add comments to your trading transactions).

* (see next page for corresponding references)

Copyright©2011 WealthTrade FX Ltd 51

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 52: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 52

a d e f g h i j k l m n b c

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 53: MT4/Wealth Trade Fx Platform Guide By William Cheung

The Account History Tab:

Account History: The Account History tab shows all the transactions which have taken place within the account, including Profit/Loss, Credit, Deposit, Withdrawal and current balance.

Profit/Loss: Total profit and loss of all trades taken within the date range specified.

Credit: Total credits to the account within the date range specified.

Deposit: Total deposits to the account within the date range specified.

Withdrawal: Total withdrawals to the account within the date range specified.

Copyright©2011 WealthTrade FX Ltd 53

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 54: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 54

Withdrawal: Total withdrawals to the

account within the date range specified.

Deposit: Total deposits to the account

within the date range specified.

Credit: Total credits to the account

within the date range specified.

Profit/Loss: Total profit and loss of all

trades taken within the date range specified

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 55: MT4/Wealth Trade Fx Platform Guide By William Cheung

Columns within the Account History Tab*:

a) Order: The order ticket number, unique to the specific trade.

b) Time: Time the position was opened, displayed in year, month, day, hours, minutes.

c) Type: Type of transaction Buy, Sell, Sell Stop, Sell Limit, Buy Stop, Buy Limit.

d) Size: The position size of the transaction.

e) Symbol: Name of the financial instrument in the transaction.

f) Open Price: The price when the position was opened.

g) S/L: Stop loss price, if applied.

h) T/P: Take profit price, if applied.

i) Time: Time the position was closed, displayed in year, month, day, hours, minutes.

j) Price: Displays the price the trade was closed at.

k) Commission: The commission charged by the brokerage company on trades (if applicable).

l) Taxes: Any applicable taxes levied.

m) Swap: Displays accrued swap fees.

n) Profit: The difference between the opening price of the trade and the closing price of the trade.

o) Comment: Any comments created when the trade was opened.

* (see next page for corresponding references)

Copyright©2011 WealthTrade FX Ltd 55

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 56: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 56

j c e g i k m o b d f h l a n

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 57: MT4/Wealth Trade Fx Platform Guide By William Cheung

The Alerts Tab:

Alerts Tab: The alerts tab basically sends alerts, either in the form of sounds or emails, as programmed by the users to notify that specific criteria has been met. Alerts can be created by right clicking anywhere within the body of the Alerts tab and selecting Create.

Columns within the Alerts Tab:

Symbol: The symbol which the alert was created for

Condition: The triggering parameters which activates the alert

Counter: The number of times which the alert has initiated the notification

Limit: The number of times the alert has been programmed to notify

Timeout: The interval between each notification

Event: Alert

Copyright©2011 WealthTrade FX Ltd 57

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 58: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 58

Limit: The number of times the alert

has been programmed to notify

Timeout: The interval

between each notification

Event: Alert

Counter: The number of times which

the alert has initiated the notification

Condition: The triggering

parameters which activates the alert

Symbol: The symbol which

the alert was created for

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 59: MT4/Wealth Trade Fx Platform Guide By William Cheung

Alerts can be created by right clicking anywhere within the body of the Alerts tab and selecting Create.

a) Enable: Enable/disable alerts

b) Action: Select from Sound, Email or File alert types

c) Symbol: Select the symbol which the alert will be used for

d) Condition: Select the alert criteria: Bid <, Bid >, Ask <, Ask >, Time =

e) Value: The alert triggering value

f) Source: The file type which will be initiated once the alert has been triggered

g) Timeout: The time delay before the alert will repeat itself

h) Maximum iterations: Number of times the alert will repeat itself

i) Test: To view the results if the alert was set and triggered.

Copyright©2011 WealthTrade FX Ltd 59

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 60: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 60

Familiarizing Yourself with the Terminal Window

i

g h

f

e d c

b

a

By William Cheung

Page 61: MT4/Wealth Trade Fx Platform Guide By William Cheung

The Mailbox Tab:

Mailbox: The mailbox tab is a platform email program which enables the sending of messages from one user to another, providing that they are on the same platform server. This is a simple form of communication which enables platform users to made aware of general broadcast notices or personal notes, in a timely manner, including registration information, promotional material, etc.

Columns within the Mailbox Tab:

Time: The time the message was sent, displayed in year, month, day, hours, minutes.

From: The sender of the message

Headline: The subject of the email message

Copyright©2011 WealthTrade FX Ltd 61

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 62: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 62

Time: The time the message

was sent, displayed in year,

month, day, hours, minutes

From: The sender

of the message

Headline: The subject of the

email message

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 63: MT4/Wealth Trade Fx Platform Guide By William Cheung

The Journal Tab:

Journal: The journal tab is the message centre displaying what specific actionable events have taken place which require server collaboration, outside of charting functions.

Columns within the Journal Tab:

Time: The time the Journal function played a role, displayed in year, month, day, hours, minutes.

Message: The details of the specific function initiated (select the pertinent message and right click to open the sub menu to view the details of the functions recorded by the journal).

Copyright©2011 WealthTrade FX Ltd 63

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 64: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 64

Time: The time the Journal function played a role,

displayed in year, month, day, hours, minutes

Message: The details of the specific function initiated (select the pertinent message and right

click to open the sub menu to view the details of the functions recorded by the journal)

Familiarizing Yourself with the Terminal Window

By William Cheung

Page 65: MT4/Wealth Trade Fx Platform Guide By William Cheung

After dragging a dropping a pair/CFD from the Market Watch window into a chart, a right click within the chart will provide access to the following right click features:

Trading: Opens a trading window defaulted to Buy/Sell (Short) by Market Execution

Expert Advisors: Enabled Expert Advisors properties can be accessed, tested or removed from selected chart.

Indicators List: Lists all the indicators currently being utilized on the chart with the option to edit or delete them.

Periodicity: The option to modify the time period which each bar represents

Template: The ability to use the current chart characteristics for saving, loading to other charts or removal from list.

Refresh: To reload the chart with up to date information

Auto Arrange: Set the height of all indicators windows as default

Grid: Apply/remove grid lines from chart.

Volumes: Add/remove volume bars from chart.

Zoom In: To magnify charting details, in lieu of greater amount of information

Zoom Out: To add more charting information to the chart, in lieu of details

Copyright©2011 WealthTrade FX Ltd 65

Familiarizing Yourself with the Charting Window

By William Cheung

Page 66: MT4/Wealth Trade Fx Platform Guide By William Cheung

Save Picture: To save current chart as a GIF or BMP format

Print Preview: Review of chart characteristics prior to printing

Print: To send the print command of the chart to the printer to print

Copyright©2011 WealthTrade FX Ltd 66

Familiarizing Yourself with the Charting Window

By William Cheung

Page 67: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 67

a

Opens a trading window defaulted to Buy/Sell (Short) by Market Execution

Enabled Expert Advisors properties can be accessed, tested or removed from selected chart

Lists all the indicators currently being utilized on the chart with the option to edit or delete them.

The option to modify the time period which each bar represents

Utilizing the current chart characteristics for saving, loading to other charts or removal from list.

To reload the chart with up to date information

Set the height of all indicators windows as default.

Apply/remove grid lines from chart.

Add/remove volume bars from chart

To magnify charting details, in lieu of greater amount of information.

To save current chart as a GIF or BMP format.

Review of chart characteristics prior to printing

To send the print command of the chart to the printer to print.

Opens new window to initiate additional features

To add more charting information to the chart, in lieu of details.

Familiarizing Yourself with the Charting Window

By William Cheung

Page 68: MT4/Wealth Trade Fx Platform Guide By William Cheung

Properties: Opens new window to initiate additional features.

Colors Tab: The ability to change the chart appearance based on personal choices or from default values

Color Scheme: Preconfigured colour scheme layout for selected chart

Background: Select preferred background of chart

Foreground: Select preferred color of time and price axis

Grid: Select preferred color of grid

Bar Up: Select outline of Up Bars

Bar Down: Select outline of Down Bars

Bull Candle: Select fill color of Up Bars

Bear Candle: Select fill colour of Down Bars

Line Graph: Select line graph color (if line chart selected)

Volumes: Select color of volume bars (if selected)

Ask Line: Select color of Ask line (if selected)

Stop Levels: Selected color of Stop Line displayed on chart

Copyright©2011 WealthTrade FX Ltd 68

Familiarizing Yourself with the Charting Window

By William Cheung

Page 69: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 69

Select preferred background of chart

Select preferred color of time and price axis.

Select preferred color of grid.

Select outline of Up Bars.

Select outline of Down Bars.

Select fill color of Up Bars.

Select fill colour of Down Bars.

Select line graph color (if line chart selected).

Select color of volume bars (if selected).

Select color of Ask line (if selected).

Selected color of Stop Line displayed on

chart.

Preconfigured colour scheme layout for selected chart

Familiarizing Yourself with the Charting Window

By William Cheung

Page 70: MT4/Wealth Trade Fx Platform Guide By William Cheung

Common Tab:

a) Offline Chart: Freezing/halting data flow to the selected chart.

b) Chart on Foreground: Placing drawings and/or expert advisors to the background/foreground

c) Chart Shift: Shifting the chart to/away from the right side of the window

d) Chart Autoscroll: Allow/stop a chart from its natural progression of scrolling to the left

e) Scale fix one to one: Allows for scrolling the chart, one bar at a time.

f) Scale Fix: Enable/disable ability to drag and drop a chart display higher or lower within the window

g) Bar Chart: The use of bar charts

h) Candlesticks: The use of candlestick charts

i) Line Chart: The use of line charts

j) Show OHLC: Show/hide the open, high, low, close values of the current bar

k) Show Ask Line: Show/hide current ask line

l) Show period separators: Show/hide daily separators

m) Show Grid: Show/hide gridlines

n) Show Volumes: Show/hide volume bars

o) Show object descriptions: Show/hide descriptions/values of enabled functions

Copyright©2011 WealthTrade FX Ltd 70

Familiarizing Yourself with the Charting Window

By William Cheung

Page 71: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 71

a

b

c

d

e

f

g

h

i

j

k

l

m

n

o

Familiarizing Yourself with the Charting Window

By William Cheung

Page 72: MT4/Wealth Trade Fx Platform Guide By William Cheung

Order Types – Initial Entry

The INITIAL ENTRY orders window can be accessed from the following ways:

a) Market Watch window: Select the pair/CFD to be traded and right click, then select New Order.

b) Main Menu: Select a chart with the pair/CFD intended to be traded and click on Tools from the main menu, then select New Order.

c) Tool Bar: Select a chart with the pair/CFD intended to be traded and click the New Order icon on the Tool Bar.

d) Chart Window: Select the chart which is intended to be traded, then right click and select Trading, then New Order.

Copyright©2011 WealthTrade FX Ltd 72 By William Cheung

Page 73: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 73

a b

c d

Order Types – Initial Entry

By William Cheung

Page 74: MT4/Wealth Trade Fx Platform Guide By William Cheung

The initial trade entries are as follows:

Market Execution: To immediately enter either a long or short positions

Pending Order: To enter a long or short position at a specified price

Buy Stop: To set a value to enter a long position if pip values exceed specified entry point

Buy Limit: To set a value to enter a long position if pip values decline to a specified entry point

Sell Stop: To set a value to enter a short position if pip values decline past a specified entry point

Sell Limit: To set a value to enter a short position if pip values rally to a specified entry point

Copyright©2011 WealthTrade FX Ltd 74

Order Types – Initial Entry

By William Cheung

Page 75: MT4/Wealth Trade Fx Platform Guide By William Cheung

MARKET EXECUTION: To immediately enter either a long or short positions

Market executions orders window will display the following fields that may be modified:

a) Symbol: This field will display the current pair/CFD to be traded. The drop down arrow on the right side of this field will allow you to modify the pair/CFD which you may choose to trade, as displayed in your Market Watch list.

b) Volume: The lot size which you may choose to trade. This value may be changed either by highlighting the current value and overtyping it or from the drop down arrow on the right side of this field.

c) Comment: Any comment which you may choose to enter, related to this trade for personal notes (can only be applied to initial entry order and not to modified, deleted or close order windows).

d) Type: The type of entry which is chosen (in this example, only Market Execution selection will apply)

e) Sell by Market/Buy by Market action buttons: To initiate the trade to either sell/short (pink button) or buy (blue button) to enter the trade. (N.B. All order by market execution, the price will be quoted by dealer)

Copyright©2011 WealthTrade FX Ltd 75

Order Types – Market Execution

By William Cheung

Page 76: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 76

a

b

c

d

e

Order Types – Market Execution

By William Cheung

Page 77: MT4/Wealth Trade Fx Platform Guide By William Cheung

Order Types – Pending Order

PENDING ORDER: To enter a long or short position at a specified price

Market executions orders window will display the following fields that may be modified:

a) Symbol: This field will display the current pair/CFD to be traded. The drop down arrow on the right side of this field will allow you to modify the pair/CFD which you may choose to trade, as displayed in your Market Watch list.

b) Volume: The lot size which you may choose to trade. This value may be changed either by highlighting the current value and overtyping it or from the drop down arrow on the right side of this field.

c) Stop Loss: Stop loss price (only active when Pending Order has been selected)

d) Take Profit: Take profit price (only active when Pending Order has been selected)

e) Comment: Any comment which you may choose to enter, related to this trade for personal notes.

f) Type: The type of entry which is chosen (in this example, only Pending Order selection will apply)

g) Type: Type of order (Buy Limit, Sell Limit, Buy Stop, Sell Stop)

h) At Price: Trigger price to enter position

i) Expiry: Cancel date of order if not executed

j) Place Button: The action button to initiate order

N.B. Open price you set must differ from market price by at least 0 pips. Copyright©2011 WealthTrade FX Ltd 77 By William Cheung

Page 78: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 78

a

b

c d

e

f

i

h

g

Order Types – Pending Order

j

By William Cheung

Page 79: MT4/Wealth Trade Fx Platform Guide By William Cheung

Modifying Orders – Open Positions

Open positions can only be modified with their Take Profit (TP) and Stop Loss levels. This is accomplished by double clicking the open position under the appropriate TP or SL column and modifying those values in the pop up window (the alternative is to right click the order which to modify and select Modify or Delete Order).

a) Type: Modify Order (in this example, only Modify Order applies)

b) Level: The number of pips within last market price to modify order amount by

c) Copy as: The current market price minus the level spread

d) Stop Loss: The actual stop loss price to be manually set

e) Take Profit: The actual take profit price to be manually set

f) Modify Button: Button to initiate the modified criteria

N.B. Stop Loss or Take Profit you set must differ from market price by at least 0 pips.

Copyright©2011 WealthTrade FX Ltd 79 By William Cheung

Page 80: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 80

Double click the order under the appropriate column

(S/L or T/P) to MODIFY the order

OR

Right click the order and select MODIFY OR DELETE

ORDER

Modifying Orders – Open Positions

By William Cheung

Page 81: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 81

d

c

e

b

a

Modifying Orders – Open Positions

f

By William Cheung

Page 82: MT4/Wealth Trade Fx Platform Guide By William Cheung

Modifying Orders – Pending Orders

Pending orders can be modified, not only the Take Profit (TP) and Stop Loss (SL) values, but also the limit entry price. The modify menu will appear by double clicking anywhere along that order line (the alternative is to right click the order to modified and select Modify or Delete Order).

a) Type: Modify Order (in this example, only Modify Order applies)

b) Price: The new entry price for the trade

c) Stop Loss: The actual stop loss price to be set manually

d) Take Profit: The actual take profit price to be set manually

e) Expiry: The date which the order will cease to be valid for execution

f) Modify Button: The button to initiate the modified criteria

Copyright©2011 WealthTrade FX Ltd 82 By William Cheung

Page 83: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 83

Double click the specific pending order to MODIFY the

order (add/modify the S/L, T/P or DELETE

OR

Right click the order and select MODIFY OR DELETE

ORDER

Modifying Orders – Pending Orders

By William Cheung

Page 84: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 84

a

b

c d

e

Modifying Orders – Pending Orders

f

By William Cheung

Page 85: MT4/Wealth Trade Fx Platform Guide By William Cheung

Closing Open Trades

Open positions can be closed (flattening the trade) by double clicking the open position line, anywhere except for under the TP or SL columns (the alternative is to right click the order which to close and select Close Order). The following fields and headings will appear in the pop up window:

a) Symbol: The pair/CFD to be closed

b) Volume: The amount of lots to be closed (this amount can be less than the entire position of the original position)

c) Comment: Relevant personal comments to be added to this trade (N.B. Comments can only be entered when opening the position, not closing)

d) Type: Market Execution (in this example, only Market Execution applies)

e) Sell by Market: Sell with Market Execution (not applicable to closing trades)

f) Buy by Market: Buy with Market Execution (not applicable to closing trades)

g) Close Order: Action button to close the open position

N.B. At order by market execution, the price will be quoted by dealer

Copyright©2011 WealthTrade FX Ltd 85 By William Cheung

Page 86: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 86

Double click the specific open

position line to CLOSE the order

OR

Right click the order and select

CLOSE ORER

Closing Open Trades

By William Cheung

Page 87: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 87

a

c

b

d

e f

g

Closing Open Trades

By William Cheung

Page 88: MT4/Wealth Trade Fx Platform Guide By William Cheung

Deleting Pending Orders

Pending orders can be deleted. This can be accomplished by double clicking on the pending order or right clicking the pending order and selecting Modify or Delete Order

a) Type: Modify Order (in this example, only Modify Order applies)

b) Price: The entry price for the trade (does not apply to deleting pending orders)

c) Stop Loss: The actual stop loss price to be set manually (does not apply to deleting pending orders)

d) Take Profit: The actual take profit price to be set manually (does not apply to deleting pending orders)

e) Expiry: The date which the order will cease to be valid for execution (does not apply to deleting pending orders)

f) Delete: Delete button to cancel pending order

Copyright©2011 WealthTrade FX Ltd 88 By William Cheung

Page 89: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 89

Double click the specific Pending

Order to CLOSE the order

OR

Right click the order and select

MODIFY OR DELETE ORER

Deleting Pending Orders

By William Cheung

Page 90: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 90

a

b

c d

e

f

Deleting Pending Orders

By William Cheung

Page 91: MT4/Wealth Trade Fx Platform Guide By William Cheung

Trailing Stops

Trailing stops* can be initiated on all pending orders and open positions, but must be for the full lot size of the original order. This is accomplished by right clicking on the order/position and selecting Trailing Stop, then the applicable criteria:

Delete All: Deletes existing trailing stops initiated for all orders

None: Deletes the existing trailing stop for the specific order

[x] Points: Points to be trailing position (once filled, if applicable)

Custom: Customizable trailing stop level in points (once filled, if applicable)

N.B. Trailing Stop is a method to move Stop Loss level automatically. Minimal Trailing Stop level is 15 points.

*Trailing stops are local to the end users computer and not server side; otherwise, if the platform is shut down by the end user, the trailing stop function will be deactivated. Also, with incoming of new quotes, the terminal checks whether the open position is profitable. As soon as profit in points becomes equal to or higher than the specified level, command to place the Stop Loss order will be given automatically. The order level is set at the specified distance from the current price. Further, if price changes in the more profitable direction, trailing stop will make the Stop Loss level follow the price automatically,

Copyright©2011 WealthTrade FX Ltd 91 By William Cheung

Page 92: MT4/Wealth Trade Fx Platform Guide By William Cheung

Trailing Stops

Copyright©2011 WealthTrade FX Ltd 92

To activate the Trailing Stop

function, select the order and

right click, then select TRAILING

STOP

By William Cheung

Page 93: MT4/Wealth Trade Fx Platform Guide By William Cheung

Trailing Stops

Copyright©2011 WealthTrade FX Ltd 93

Deletes the existing trailing stop

for the specific order

Deletes existing trailing stops

initiated for all orders

Points to be trailing position (once

filled, if applicable)

Customizable trailing stop

level in points (once

filled, if applicable)

By William Cheung

Page 94: MT4/Wealth Trade Fx Platform Guide By William Cheung

Familiarizing Yourself with Main Menu Features

There are seven main menu tabs which are as follows:

File: The File tab oversees the general parameters and features of the platform.

View: The View tab shows/removes what is actually displayed on the platform.

Insert: The Insert tab adds indicators, studies and drawings to the selected charts.

Charts: The Charts tab configures the characteristics, parameters and properties associated with charts.

Tools: General instructions and platform settings.

Window: The Windows tab is designed to re-arrange windows in preconfigured fashion and/or selecting a specific window to be the active window

Help: The Help tab provides a reference to using the platform

Copyright©2011 WealthTrade FX Ltd 94 By William Cheung

Page 95: MT4/Wealth Trade Fx Platform Guide By William Cheung

Main Menu Features

Copyright©2011 WealthTrade FX Ltd 95

The FILE tab oversees the general

parameters and features of the platform

The VIEW tab shows/removes what

can actually be seen on the platform

The INSERT tab adds indicators, studies

and drawings to the selected charts

General instructions and platform settings

The CHARTS tab configures the characteristics,

parameters and properties associated with charts.

The WINDOWS tab is designed to re-arrange windows in preconfigured

fashion and/or selecting a specific window to be the active window

The HELP tab provides a

reference to using the platform

By William Cheung

Page 96: MT4/Wealth Trade Fx Platform Guide By William Cheung

Main Menu Features – File Tab

There FILE tab is divided into 13 sections as follows:

New Chart: Opens a new chart (this selection will open a new pop up window which will allow you to select the pair/CFD to apply to the new charting window).

Open Offline: Opens a historical chart of the pair/CFD without requiring an internet connection to the servers.

Open Deleted: Opens a chart of the pair/CFD which has been previously been closed out.

Profiles: Loads, saves, deletes chart layout groups.

Close: Closes the selected chart window.

Save As: Saves the last charting window as a .csv , .prn or .htm format.

Save As Picture: Saves platform or the last selected charting window as a picture file.

Open an Account: Creates a new demo/fictitious account

Login: Login to an existing account

Print Setup: Enables the setting of parameters to print prior to printing.

Print Preview: Displays what will be printed prior to printing.

Print: Initiates the printing command to the printer.

Exit: Closes the platform

Copyright©2011 WealthTrade FX Ltd 96 By William Cheung

Page 97: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 97

Opens a chart of the pair/CFD which has been previously been closed out

Loads, saves, deletes chart layout groups

Closes the selected chart window

Saves the last charting window as a .csv , .prn or .htm format

Opens a new chart (this selection will open a new pop up window which will allow you to select

the pair/CFD to apply to the new charting window)

Saves platform or the last selected charting window as a picture file

Creates a new demo/fictitious account

Opens a historical chart of the pair/CFD without requiring an internet connection to the servers.

Login to an existing account

Enables the setting of parameters to print prior to printing

Displays what will be printed prior to printing

Initiates the printing command to the printer

Closes the platform

Main Menu Features – File Tab

By William Cheung

Page 98: MT4/Wealth Trade Fx Platform Guide By William Cheung

Main Menu Features – View Tab

The VIEW tab is divided into seven headings which are as follows:

Languages: Change the language (Requires a restart of the platform for changes to take affect).

Toolbars: The four basic toolbars which can be shown or hid are Standard, Charts, Line Studies and Periodicity. Adding/removing of other toolbars can be done via the Customize selection.

Standard: Toolbar which gives quick access to New Charts, Profiles, Market Watch, Data, Navigator, Terminal, Strategy Tester, New Order, Meta Editor, activation of Expert Advisors

Charts: Quick access to changing chart styles (bar, candlestick, line), Zoom in, Zoom out, Auto Scroll, Chart Shift, Indicators, Periodicity and Templates.

Line Studies: Quick access to change from Pointer, Cross hairs, drawing Vertical Line, drawing Horizontal line, drawing trendline, Equidistant channel, Fibonacci retracement, text, text label, arrows.

Periodicity: Quick access to change the timeframe of a specific chart.

Customize: Selection of criteria to create personalized toolbar.

Status Bar: Show/hide the status bar which displays quick access to profiles, hover-over OHLC, connectivity status

Charts Bar: Show/hide quick access tabs to individual charts to select as active chart.

Market Watch: Show/hide market watch window

Data Window: Show/hide data window

Copyright©2011 WealthTrade FX Ltd 98 By William Cheung

Page 99: MT4/Wealth Trade Fx Platform Guide By William Cheung

Navigator: Show/hide navigator window

Terminal: Show/hide terminal window

Strategy Tester: Show/hide strategy tester

Full Screen: Display only charts or show all other windows

Copyright©2011 WealthTrade FX Ltd 99

Main Menu Features – View Tab

By William Cheung

Page 100: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 100

Change the language (Requires a restart of the platform for changes to take affect).

Show/hide the status bar which displays quick access to profiles, hover-over OHLC,

connectivity status

Show/hide quick access tabs to individual charts to select as active chart.

Show/hide MARKET WATCH window

Show/hide DATA window

Display only charts or show all other

windows

The four basic toolbars which can be shown or hid: Standard, Charts, Line Studies and

Periodicity. Adding/removing of other toolbars can be done via the Customize selection

Show/hide NAVIGATOR window

Show/hide TERMINAL window

Show/hide STRATEGY TESTER

Main Menu Features – View Tab

By William Cheung

Page 101: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 101

Toolbar which gives quick access to New Charts, Profiles,

Market Watch, Data, Navigator, Terminal, Strategy Tester,

New Order, Meta Editor, activation of Expert Advisors

Quick access to changing chart styles (bar, candlestick, line),

Zoom in, Zoom out, Auto Scroll, Chart Shift, Indicators,

Periodicity and Templates

Quick access to change from Pointer, Cross hairs, drawing

Vertical Line, drawing Horizontal line, drawing trend line,

Equidistant channel, Fibonacci retracement, text, text label,

arrows.

Quick access to change the timeframe of a specific chart

Selection of criteria to create personalized toolbar.

Main Menu Features – View Tab

By William Cheung

Page 102: MT4/Wealth Trade Fx Platform Guide By William Cheung

Main Menu Features – Insert Tab

The INSERT tab is divided into eleven headings which are as follows:

Indicators: Ability to apply different indicators, oscillators and studies such as Accumulation/Distribution, Alligator, Accelerator Oscillator, Average Directional Movement Index, Average True Range, Awesome Oscillator, Trend, Oscillators, Volumes, Bill Williams and Custom.

Lines: Ability to draw Vertical, Horizontal, Trendline and Trendline by Angle.

Channels: Ability to apply channel Fibonacci, Linear Regression, Equidistant and Standard Deviation studies.

Gann: Ability to apply Gann Line, Gann Fan, Gann Grid studies

Fibonacci: Ability to apply Retracement, Time Zones, Fan, Arcs and Expansion Fibonacci studies.

Shapes: Ability to draw Rectangle, Triangle and Ellipse shapes on the charts

Arrows: Ability to draw Thumbs Up, Thumbs Down, Arrow Up, Arrow Down, Stop Sign, Check Sign, Left price Label, Right Price Label shapes to charts

Andrew’s Pitchfork: Ability to apply Andrews’ Pitchfork line study on a chart

Cycle Lines: Ability to apply Cycle Lines to charts

Text: Ability to add Text notes to charts

Text Label: Ability to add Text Labels to charts

Copyright©2011 WealthTrade FX Ltd 102 By William Cheung

Page 103: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 103

Ability to apply different indicators, oscillators and studies such as

Accumulation/Distribution, Alligator, Accelerator Oscillator, Average

Directional Movement Index, Average True Range, Awesome Oscillator,

Trend, Oscillators, Volumes, Bill Williams and Custom.

Ability to draw Vertical, Horizontal, Trend line and Trend line by Angle.

Ability to apply channel Fibonacci, Linear Regression, Equidistant and

Standard Deviation studies..

Ability to apply Gann Line, Gann Fan, Gann Grid studies

Ability to apply Retracement, Time Zones, Fan, Arcs and Expansion

Fibonacci studies.

Ability to draw Rectangle, Triangle and Ellipse shapes on the charts

Ability to draw Thumbs Up, Thumbs Down, Arrow Up, Arrow Down,

Stop Sign, Check Sign, Left price Label, Right Price Label shapes to

charts

Ability to apply Andrews’ Pitchfork line study on a chart

Ability to apply Cycle Lines to charts

Ability to add Text notes to charts

Ability to add Text Labels to charts

Main Menu Features – Insert Tab

By William Cheung

Page 104: MT4/Wealth Trade Fx Platform Guide By William Cheung

Main Menu Features – Charts Tab

The CHARTS tab has seventeen choices to select from:

Indicators List: Displays the current Indicators used on the selected chart as well as the ability to modify their parameters and delete them.

Objects: Displays the current Objects used on the selected chart as well as the ability to Delete Last, Delete All Selected, Delete All Arrows, Unselect All and Undo Delete.

Bar Chart: Switches the current chart style to Bar Charts

Candlestick: Switches the current chart style to Candlestick Charts

Line Chart: Switches the current chart style to Line Charts

Foreground Chart: Moves the chart data either to the forefront or background of all drawings or objects.

Periodicity: Changing of the current timeframe of the chart

Template: To Save, Load or Remove a charts’ parameters as a Template or apply to other charts.

Refresh: To reload the data to the chart

Grid: Add/remove gridlines from the chart

Volumes: Add/remove volume bars from the chart

Copyright©2011 WealthTrade FX Ltd 104 By William Cheung

Page 105: MT4/Wealth Trade Fx Platform Guide By William Cheung

Auto Scroll: Apply/disengage the ability for the chart to scroll automatically with each new bar formed.

Chart Shift: To apply/remove additional space to the right side of the chart, before the data displayed.

Zoom In: To view more detailed information at the expense of less charting data

Zoom Out: To view less details but encompass more data/information.

Step by Step: Shifts the chart to the left one bar at a time

Properties: Opens the properties menu of the selected chart

Copyright©2011 WealthTrade FX Ltd 105

Main Menu Features – Charts Tab

By William Cheung

Page 106: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 106

Displays the current Indicators used on the selected chart as well as the ability to modify

their parameters and delete them.

Changing of the current timeframe of the chart

Moves the chart data either to the forefront or background of all drawings or objects.

Switches the current chart style to Line Charts

Switches the current chart style to Candlestick Charts

Switches the current chart style to Bar Charts

Displays the current Objects used on the selected chart as well as the ability to Delete

Last, Delete All Selected, Delete All Arrows, Unselect All and Undo Delete.

To Save, Load or Remove a charts’ parameters as a Template or apply to other charts.

Add/remove gridlines from the chart

Add/remove volume bars from the chart

Apply/disengage the ability for the chart to scroll automatically with each new bar formed.

To apply/remove additional space to the right side of the chart, before the data displayed.

To view more detailed information at the expense of less charting data

To view less details but encompass more data/information.

Shifts the chart to the left one bar at a time

Opens the properties menu of the selected chart

To reload the data to the chart

Main Menu Features – Charts Tab

By William Cheung

Page 107: MT4/Wealth Trade Fx Platform Guide By William Cheung

Main Menu Features – Tools Tab

The TOOLS tab is divided into five headings which are as follows:

New Order: Opens a new order window to initiate a trade from the selected chart.

History Center: Ability to Add, Edit, Delete, Export and Import files and variables to and from the platform program parameters.

Global Variables: Opens window containing the list of the platform global variables.

MetaQuotes Language Editor: Open MetaEditor of expert advisors.

Options: There are eight tabs within the options window.

a) Server: The primary server which the account is logged into. Also contains your login credentials and connectivity parameters.

b) Charts: General chart parameters.

c) Objects: Object creation parameters.

d) Trade: The default/preset parameters which trades will be loaded into the order window

e) Expert Advisors: The parameters which the expert advisors will utilize once enabled.

f) Email: The platform email program configuration settings.

g) Publisher: The FTP configuration settings.

h) Events: Sound files for triggered events

Copyright©2011 WealthTrade FX Ltd 107 By William Cheung

Page 108: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 108

Opens a new order window to initiate a trade

from the selected chart

Ability to Add, Edit, Delete, Export and

Import files and variables to and from the

platform program parameters.

List of the platform global variables.

Opens MetaEditor of expert advisors

There are eight tabs within the options

window.

Main Menu Features – Tools Tab

By William Cheung

Page 109: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 109

g h f e d c b a

Main Menu Features – Tools Tab

By William Cheung

Page 110: MT4/Wealth Trade Fx Platform Guide By William Cheung

Main Menu Features – Window Tab

The WINDOW tab is divided into five main headings which are as follows:

New Window: Opens a new charting window

Cascade: Cascades all charting windows

Tile Horizontally: Rearranges all charting windows horizontally

Tile Vertically: Rearranges all charting windows vertically

Arrange Icons: Arrange minimized windows, located in the lower part of the workspace.

Copyright©2011 WealthTrade FX Ltd 110 By William Cheung

Page 111: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 111

Cascades all charting windows

Rearranges all charting windows horizontally

Rearranges all charting windows vertically

Arrange minimized windows, located in the

lower part of the workspace

Opens a new charting window.

Main Menu Features – Window Tab

Clicking on any one of these pairs/CFDs

will open a new charting window.

By William Cheung

Page 112: MT4/Wealth Trade Fx Platform Guide By William Cheung

Main Menu Features – Help Tab

The HELP tab is divided into six main headings which are as follows:

Help Topics: Enables all platform questions to be answered via self help user guide

Technical Analysis: Online explanations of technical analysis techniques

Automated Trading Championships: Online trading competitions

MQL4 Community: Online MT4 chat groups

MQL5 Community: Online MT5 chat groups

About: Information about this platform and its providers, with contact information.

Copyright©2011 WealthTrade FX Ltd 112 By William Cheung

Page 113: MT4/Wealth Trade Fx Platform Guide By William Cheung

Copyright©2011 WealthTrade FX Ltd 113

Enables all platform questions to be

answered via self help user guide

Online explanations of technical analysis

techniques.

Online trading competitions.

Online MT4 chat groups

Online MT5 chat groups

Information about platform, its providers, contact information..

Main Menu Features – Help Tab

By William Cheung

Page 114: MT4/Wealth Trade Fx Platform Guide By William Cheung

Tool Bars

The TOOL BAR are quick access buttons to initiate features which would otherwise require the user to take multiple steps to utilize. The are as follows:

Standard: Open a New Chart, Profile settings, open/close Market Watch window, open/close Data window, open/close Navigator window, open/close Terminal window, open/close Strategy Tester window, open New order window, open MetaEditor window, enable/disable Expert Advisors.

Charts: Switch to Bar Charts, Switch to Candlestick Charts, Switch to Line Charts, Zoom In, Zoom Out, enable/disable Auto Scroll, enable/disable Chart Shift, add Indicators, change Periods interval, Template settings

Line Studies: Change pointer to Cursor, change pointer to Crosshair, draw a Vertical line to a chart, draw a Horizontal line to a chart, draw a Trendline to a chart, add Equidistant to a chart, add Fibonacci Retracement lines to a chart, add a Text note to a chart, add a Text Label to a chart, add special characters to a chart.

Periodicity: Change the timeframe intervals from 1 Minute, 5 Minutes, 15 Minutes, 30 Minutes, 1 Hour, 4 Hours, 1 Day, 1 Week, 1 Month.

Custom: Creating of a personalized toolbar from the listed options.

Copyright©2011 WealthTrade FX Ltd 114 By William Cheung

Page 115: MT4/Wealth Trade Fx Platform Guide By William Cheung

Tool Bars - Standard

Copyright©2011 WealthTrade FX Ltd 115

Opens new chart with selected pair/CFD

Access to various profiles

Open/Close Market Watch window

Open/Close Data Window

Open/Close Navigator window

Open/Close Terminal window

Open/Close Strategy Tester window

Opens Order Entry window

Opens Expert Advisor MetaEditor window

Enables/Disables the use of Expert Advisors

By William Cheung

Page 116: MT4/Wealth Trade Fx Platform Guide By William Cheung

Tool Bars - Charts

Copyright©2011 WealthTrade FX Ltd 116

Switches selected chart to bar chart

Switches selected chart to candlestick chart

Switches selected chart to line chart

Zoom into chart data

Zoom out of chart data

Enables/disable scrolling of chart data based on the formation of each new bar

Enables/disables extra space to the right side of the chart

Quick implementation of selected indicators, oscillators and studies to selected charts

Changes the chart timeframes

Applying template properties to selected charts

By William Cheung

Page 117: MT4/Wealth Trade Fx Platform Guide By William Cheung

Tool Bars – Line Studies

Copyright©2011 WealthTrade FX Ltd 117

Reverts all prior select pointer selections back to default.

Changes pointer to crosshairs to identify x and y axis point on the charts

Enables drawing of vertical lines on the chart

Enables drawing of horizontal lines on the chart

Enables drawing of trend lines on the chart

Enables drawing of equally spaced channel lines on the chart

Enables drawing of Fibonacci retracement lines on the chart

Enables adding text notes on the chart

Enables adding text labels on the chart

Enables adding arrow and other characters to the chart

By William Cheung

Page 118: MT4/Wealth Trade Fx Platform Guide By William Cheung

Tool Bars – Line Studies

Copyright©2011 WealthTrade FX Ltd 118

Changes selected chart to 1 Minute intervals

Changes selected chart to 5 Minute intervals

Changes selected chart to 15 Minute intervals

Changes selected chart to 30 Minute intervals

Changes selected chart to 1 Hour intervals

Changes selected chart to 4 Hour intervals

Changes selected chart to Daily intervals

Changes selected chart to Weekly intervals

Changes selected chart to Monthly intervals

By William Cheung

Page 119: MT4/Wealth Trade Fx Platform Guide By William Cheung

Frequently Asked Questions

Downloading you platform

Can I download and run more than one instance of the same platform on the same computer?

Yes, however when installing the secondary or subsequent platforms to your computer, both the Name of the platform and Group which it will be placed into must be changed – otherwise any subsequent installation of the platform will overwrite prior platform files.

When trying to run the platform from the desktop shortcut icon, it appears that not all the platform functions or features are working (such as the ability to trade, using Expert Advisors, etc.)

The platform may have been installed outside of an administrator account (Windows operating system) and therefore right clicking the icon and selecting ‘Run as Administrator’ may resolve this issue

The platform may have been corrupted by an Expert Advisor or other programs, in which case, doing a full uninstall and reinstall of the platform may be necessary.

Copyright©2011 WealthTrade FX Ltd 119 By William Cheung