Besides doing trading effective with the MT4 platform at Trade Nation, traders utilize it for ensuring that they chart capabilities. Technical analysis is known to be more than wizardry. It is all about having to forecast future prices that are based on the current ones and in most it works. Combined with solid rules on money management, the technical analysis might be great source of success in trading.
The trend line and trends are normally on the mind of the trader as they are the easier way to profit from the market’s decline or advance. But to utilize the trendline, one has to edit it a bit in the platform of Meta Trader 4.
The MT4s Rays
After having to download the MT4,, when you come up with the trend line, the platform will project it on the chart’s right side infinitely. It denotes that it has the Ray option which is activated and you will require to get rid of it immediately.
To do that:
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- There will be a need to draw a trend line on a chart that uses the draw trend line option from the menu of the shortcuts
- Select using the mous
- Go ahead and right click
- Open the tab of the parameter
Select objects that have a single mouse click
It is a great value tip for whoever decides to use the MT4 platform for doing technical analysis purposes. With so many objects being on the chart such as trendlines, indicators, letters, numbers, texts and much more, it comes in handy having to select objects with one mouse click.
The issue happens to be that, the default setting will require having two mouse clicks in selecting an object like a trend line. Though there is nothing wrong with that, but the retail trader professional will have to spend a lot of time in front of the screens, with each click spared in saving effort and time.
But the good thing is that, the MT4 platform is able to give you the possibility of selecting the objects that have a single mouse click in improving an improvement from the initial settings. How do you go about it?
- Follow the path of tools/options. Objects
- Find out the option of the select object by single mouse click
Saving and importing a template and the profile
One of the attributes of the MT4 which is most relevant is the profiles and template capability of saving. You can imagine that a broker of currency is able to give access to several markets. When it comes to currency pairs, there are over 20 of them which are on top of all the other markets which you can be able to trade from using the same account for gold, oil, individual stocks and indices. With the use of profiles and templates, it simplifies the workload, making the life of a trader to be much easier. A template is great when you are open new charts.
