At your trading MT4 terminal you can both click at the Menu-> View and select Terminal
Or just press Ctrl+T
Or activate Standard Toolbar by selecting View->Toolbars-> Standard
Then click on Terminal button
At the Terminal you can Right Click and select the period of the report you would like. There are standard period selections or Custom Period selection.
Firstly you need to open the Market Watch Window. To open the Market Watch window you can either press on the Market Watch at the Standard Toolbar
Or press on the keyboard Ctrl-M
Or go to View->Market Watch
Secondly, to open a chart select a currency pair and right click on it. Then choose Chart Window
Or go to View->Market Watch
To see oscillators you can either press at the Navigator at the Standard Toolbar. (We showed at question 1 how to activate Standard Toolbar)
Or press Ctrl+N
Or select View-> Navigator
You can either Drag and Drop the Indicator of your preference on the chart you want to apply analysis
Or select the chart you want to apply analysis and double click on the oscillator/indicator
A pop up window will appear where you can set you are Parameters
To open a new position, go to New Order at the Standard Toolbar
Select at the order window Symbol, Volume, Stop Loss, Take Profit, Market Execution for a market order and Trade.
A pop up window will appear where you can set you are Parameters
A pop up window will appear where you can set you are Parameters
You can watch your position at the Terminal. We showed above at question 1 how you can open Terminal.
At the Terminal you can see your trading position and all the necessary details.
By default 1:200 Leverage. In other words 0.5% margin on any position.
You can calculate the required margin by dividing the size of your position by 200 (which is the default leverage) or multiply by the percentage margin 0.5%. Then transform the amount in US dollars based on current market exchange rates.
It means that, when the Equity of your account drops below the 50% of your Margin required then the open trading positions would start liquidating.
Example
Current level of Equity is 8989.17. Margin is 212.26. Percentage Margin Level is 4234.91%
Stopout Level: 50% of the Margin is 0.50×212.26=106.1, therefore in case the equity drops below 106.1 then open trading positions would be automatically liquidated by the system.
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