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MT4 Basics


The chart window is the heart of the MT4 platform. To get started with MT4 you should understand how to generate and modify a chart window and how to use the Market Watch board.

You can find the most commonly used tools on the four toolbars.

On the Standard toolbar you will find tools to use in the MT4 working area:

standard-bar

The Charts toolbar contains tools to adjust the settings of your active chart window:

charts-bar

The Line Studies toolbar provides tools to add objects and text to your chart window:

line-studies

The Periodicity toolbar allows you to manage the timeframe of your chart:

periodicity-bar

Market Watch

market-watch

The Market Watch board lets you monitor the real-time bid and ask prices for a range of instruments. The arrows before each instrument indicate whether the current price is higher or lower than the previously reported price. If the arrow is red the price is lower and if it is green the price is higher.

You can rearrange the list by dragging and dropping individual instruments.

Right-click on an instrument to bring up a menu with several options:

New Order: Open an order window for this instrument

Chart Window: Open a new chart window for this instrument

Tick Chart: Replace the list of instruments with a tick chart for the selected instrument

Hide: Remove the selected instrument from the Market Watch board

Hide All: Remove all instruments from the Market Watch board

Show All: Show all available instruments on the Market Watch board

Symbols: Open the Symbols window to select instruments to add to the Market Watch board

Sets: Save or load sets of instruments to display on the Market Watch board

High/Low: Expand the Market Watch board to include the high and low for each instrument

Time: Expand the Market Watch board to include the time the prices were quoted

Auto Arrange: Resize the columns of the Market Watch board

Grid: Add/remove lines between rows and columns on the Market Watch board


Chart window

chart-window

To open a chart window, chose one of the following methods:

You can open up to 99 chart windows at any given time. Charts will update automatically with all new price data.


Charts toolbar

If the Charts toolbar is not visible, click View, Toolbars and select Charts.

Toolbar buttons will always correspond to the chart you currently have active. (Click on an individual chart to make it active.)


Other tools in the chart window

By right-clicking on any chart, you get a menu with further options to use your chart or customise its features.

line-studies-toolbar

Line Studies toolbar

add-eight-icons-dropdown



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