Learn to use advanced technical analysis tools on MT4, such as trend lines, support and resistance levels, channels & more with XTB’s comprehensive tutorial.
*Please be informed that the MetaTrader 4 (MT4) trading platform is no longer available for newly created accounts (investment accounts). It is, however, still available to existing users who have been using the MT4 platform so far. We encourage you to check out our modern, extremely intuitive, award-winning trading platform - xStation 5!
*Since the recording of these videos, negative balance protection has come into force from 02.10.17. This means that whilst trading losses cannot exceed funds in your account, your capital is still at risk.
In this lesson you can learn:
The main part of the MT4 platform is the Chart Window, which has a black background by default.
If you prefer to work in a different colour, MT4 allows you to customise the appearance of the charts for your trading needs. Simply right-click on the chart and select ‘Properties’:
Here you’re able to fully customise charts to your preferences.
Once you’ve set everything to your preferences, you can save your individual settings as a template for whenever you open new charts. To do so:
Tip: if you name your own template ‘default’ every new chart will be opened with your preferences.
For most traders, the chart is the most important source of market information. That’s why good customisation is so important. The fastest way to customise your chart is by using the icons located in the upper menu. All of these icons are fairly self-explanatory, but here’s a detailed breakdown in case you need some pointers.
You can easily change the chart type:
You can also easily keep track of the price of the instrument at different intervals:
Zoom in or zoom out:
Apply any technical analysis element:
If you would like to compare charts side by side, you can open up multiple charts in one window with this icon:
MT4 offers you everything you need in one place, and at your fingertips. Adjust the platform to suit your needs today and start trading now!
Test your knowledge of this lesson with our quiz:START QUIZ
MT4 allows you to:
Sorry but you didn’t pass this quiz, you can try again. Your score is . Wrong answers:TRY AGAIN
Learn more complex tools and techniques that will help you in trading.START COURSE