DIY Trading Expert

With MT4 available on your phone, you can trade and monitor your trades on the go. The android platform is easy and intuitive to use, and it has most features that are available on the computer MT4 platform. You only have to cope with a smaller screen size on your phone compared to your computer or your tablet.

The MT4 platform is designed to make it easy for traders to trade. This means that placing trades on MT4 is a straightforward process. It usually involves two or three button clicks. It can also involve only one click If you so choose.

Horizontal and vertical lines are valuable objects in forex. They help traders make sense of market randomness. Horizontal lines show traders important support and resistance levels, whereas vertical lines help traders understand market cycles better. We will try to explain below how to identify where to draw those lines, how to draw them, and how to trade them.

MT4 allows you to monitor multiple charts at once. An advantage of viewing multiple charts is that you can quickly do timeframe analysis where you are viewing one pair but on different timeframes.

Whenever you open a chart, you do not have to load individual indicators and set chart specifications. You can just load a pre-saved template. When a template is loaded into a chart, the stored settings will be attached to the new chart just as they were saved.

A template is a set of chart window settings that can be saved and opened later for quick application to other charts. Some of the parameters that can be saved in a template are chart type, chart color, the attached expert advisor and its parameters, custom or default indicators with their settings, chart scale, and period separators.

To customize or change the appearance of charts, press F8 or right-click the chart, then select “Properties” as shown in the picture below.

There are three main chart types: bar charts, candlestick charts, and line charts. The bar chart is a type of chart that was mostly used by technical analysts before candlestick charts passed them in popularity…

A crosshair is a valuable tool that is used to determine the date, time, as well as the price level of the selected section in a chart. It can also be used to determine the number of pips between two points.

Horizontal lines are mainly used to mark horizontal support and resistance areas on the chart, usually by connecting the price highs (resistance) or price lows (support). On MT4, vertical lines are mainly used to mark the date and time at which a candlestick has appeared.