Time Saving Techniques for MetaTrader 4 (MT4)

Posted September 21, 2020 by fareedy

Time Saving Techniques for MetaTrader 4 (MT4) Time Saving Techniques for MetaTrader 4 (MT4)

MetaTrader 4 has many features that can assist you to save time during trading, today we are likely to look at Templates and Profiles.

With Templates you will save a lot of time https://fxflew.com/forex-volume-indicator-mt4/ by customizing all facets of your charts, you should use it for establishing different views of the chart, you can also load different sets of indicators and experts for every template.

You may have templates with different combinations of indicators and expert advisors and switch in one set to some other rapidly by just right clicking on the chart on and then choosing the different template.

The very best usage of templates is to set up a Template with the name default, when you have a template named default, MT4 will load the default template everytime you open a new chart from the Market Watch window.

You can even open several customized charts and then save the assortment of charts as a Profile. Profiles can be used for example when you like to switch from an information trading strategy where you have many indicators and chart customizations to a specialist advisor trading style for when you are from the computer.

Let's review what will be saved in a Template:

* Period: Is only saved for the default chart, if you applied a template to a open chart the time will not change.

* Colors: You can change along with of the chart background, Foreground, Grid, Bars, Volume, Ask lines and Stop levels by pressing F8 or right clicking on the chart and choosing Properties, you will find along with settings under the COLORS TAB.

* Charts Parameters: You can change the scale, auto-scroll, chart shift, form of bar/candle, OHLC, display of the Ask Line, period separators, grid, volumes and more by pressing F8 or right clicking on the chart and choosing properties, these settings will be under the COMMON TAB.

* Indicators: You can place a variety of indicators and customize every indicator parameter.

* Expert Advisors: You can place a specialist advisor on the charts and all its parameters on the Common and Inputs tabs will be saved.

Note: Be cautiously when placing a specialist Advisor on the default template, because everytime you open a new charts that expert advisor will run immediately.

There are lots of more uses of templates and profiles, you can save time and avoid errors by utilizing these techniques on your daily trading.
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Last Updated September 21, 2020