User Guide for PC

MetaTrader4

Provided by Bainbridge

Last Update: 02 Oct 2019

MT4 User Guide for PC – by BA page 2

MT4 User Guide for PC

Developed by MetaQuotes Software, MetaTrader (MT4) is an advanced electronic trading

platform tailored developed for a Traders, including Introducing Brokers (IB) and

Individual Investors. It is a trading platform for Foreign Exchanges (FX) Contract for

Difference (CFDs), and Stocks and Futures Trading (SF), etc. “MetaTrader 4 client

terminal” provides instant execution, and technical analysis. The MT4 Platform

provides wide analytical opportunities, it provides different trade execution mode,

charts and graphic objects, customized technical indicators, Scripts; all these

functions help investors to identify trends and make comprehensive analysis.

Other features are quick trading function, trailing stop function, user-friendly

interface, built-in tick chart, custom indicators, these kind of instruments can be

programmed to execute any analytical algorithm

BA Bainbridge provides Demo Trading Mode for investor to experience the

operation of the MT4 Trading Platform. The Demo Server simulate the actual

market data in real time. The operation and interface also work the same as Real

Account，Investors can register through online or contact our customer service

to try with a demo account on how to open or close a position.

This article introduces the main features of the MT4 platform so investors will get

started quickly.

MT4 User Guide for PC – by BA page 3

Content

1. Overview ...................................................................................................... 4

2. Download MT4 ........................................................................................... 6

3. Changing Password .................................................................................. 9

4. Opening a position ................................................................................. 10

5. Close a position ........................................................................................ 13

6. Pending Order .......................................................................................... 15

7. Stop Loss / Take Profit ........................................................................... 18

MT4 User Guide for PC – by BA page 4

1. Overview

MT4 Platform is powerful, yet, easy to view and operate. The main function

you need to know is how to open and close a position. You will learn these

basic functions in 5 minutes. After learning these basic functions, you will

improve your trading skills by setting pending orders, stop-loss and

algorithmic trading.

Introduction of various functions of the Trading Platform

Toolbar at the top are mainly for account setting, chart setting, etc.

The Market Watch Window displays the prices of Bid and Ask of different

products.

MT4 User Guide for PC – by BA page 5

Navigator window allows you to quick access all your Accounts, Indicators,

Expert Advisors and Scripts. You can choose from the list if you have different

accounts. New login windows will pop up for you to switch accounts. Right

Click and select “delete” when you want to close the windows.

The top Right window is the Market Watch Window; Symbols is where you can

hide/show the selected instruments whilst the Tick Chart shows the selected

instrument. Chart Window enables the chart of an instrument to be displayed.

The Chart tab shows the price trend in different time periods. You can choose

periodicity to display the price data for the relevant 1, 5, 15, 30 minutes (M1,

M5, M15, M30 respectively), 1 hour (H1), 4 hours (H4), 1 day (D1), 1 week (W1)

and 1 month (MN).

At the bottom of the Platform, there is Terminal Window. You will find serval

tab, e.g. Trade, Account History, Alerts and Journal, etc. In the Trade tab, you

will find your open position and pending order. In the History Tab, you will find

your closed position. You can set up Alert at predefined conditions to make

sure you won’t miss certain price levels. At Journal tab, you will trace every

step you have made in the platform.

Other than these function that you will mostly use, there are some more tabs

- Exposure, News, Mailbox, Market, Signals, Code Base, Experts.

MT4 User Guide for PC – by BA page 6

2. Download MT4

Before you trade, download MT4 by clicking the link below.

https://download.mql5.com/cdn/web/14848/mt4/bainbridgeasia4setup.exe

If you find any questions when you download and install MT4, you are

welcome to contact our customer service.

It is as simple as download and install a commonly-used software. Tutorial with

Screenshot is as below.

How to do:

Graph 1： Download

MT4 User Guide for PC – by BA page 7

Graph 2： Installation – Click Next and Agree

Graph 3： Installation is complete

MT4 User Guide for PC – by BA page 8

Graph 4：Double Click the Icon

Graph 5：Login with ID And Password, Choose Demo or Live

MT4 User Guide for PC – by BA page 9

3. Changing Password

You are advised to change your password at your first login to secure your

trading account.

Steps: Click “Tools” on the toolbar and find “Options”. A new window of

Options will pop up. Click “Server” and “Change”. Enter your existing password

and new password while re-entering new password is required. Click “OK” and

“Confirm”. After you have changed your password, you are required to restart

the platform with your new password.

Changing Password：

MT4 User Guide for PC – by BA page 10

4. Opening a position

Opening a position means establishing a trade order. Investors can establish a

trade order to buy or sell. The bid price represents the maximum price that a buyer

is willing to pay for a security. The ask price represents the minimum price that a

seller is willing to receive. A trade or transaction occurs after the buyer and seller

agree on a price for the security. Investor should observe the market trend before

making any decision.

Opening a position by 2 methods:

Method 1: Click “New Orders” or double click the instruments (LLG/LLS) in “Market

Watch” window. A new order will pop up. Make your order by setting the

designated Symbol, Volume, Stop Loss/Take Profit. The Type is default at Market

Execution, change to your decision, e.g. Pending Order, where appropriate.

How to do：

Graph 1：Click New Order

MT4 User Guide for PC – by BA page 11

Graph 2：Opening a Position (pop-up)

MT4 User Guide for PC – by BA page 12

Method 2: Double click the price on the chart to open. Double click Sell or Buy. You

could check your transaction in the “Terminal” Window at “Trade” tab at the

bottom.

Graph 1：Click the position。

G raph 2 ： C lick Terminal >> Trade

MT4 User Guide for PC – by BA page 13

5. Close a position

Closing a position means you bring the investment to an end, selling at the

exact market price on what you are holding. To Take Profit, place an order to

close a previously opened position at a price more profitable for the Investor

than the price at the time of placing the order. To Stop Loss, place an order to

close a previously opened position at a price less profitable for the Investor

than the price at the time of placing the order.

There is no time limit for holding LLC/LLS. The Trade order will remain valid

after the opening of the position. However, Investor will have to pay Interest if

the order isn’t closed for the day and carry overnight. Investor may close a

position anytime during the trading hour.

有两种平仓方式: There are 2 way to close the position

Method 1: In order to close a position, highlight the trade in the “Trade” tab of

the “Terminal” window and right click to obtain the context menu, or simply

double click the order that you want to close. It may take a few second to pop

up a window with a yellow bar showing Close information – Click to confirm

.

How to do：

MT4 User Guide for PC – by BA page 14

Graph 1：At the Terminal Window - double click the order

Graph 2：At the pop up window - click the yellow bar to close

Method 2: At the Terminal Window, you will see an “x” at the end of each order,

click the “x” to close the position. You may check all of your closed position in

the “Account History”.

How to do：

MT4 User Guide for PC – by BA page 15

6. Pending Order

A Pending Order is an instruction to open a position when the current price

reaches the order levels. Pending order allows the Investor to open a position

at the expected price, and the Investor can select the order type, the lots and

the target close price by themselves, without having to pay attention to the

market conditions all the time or having opened the trading platform for a

long time.

In order to place a pending order, open the “Order” window by any way

described below: Right click on the “Market Watch” window or on the “Trade”

tab of the “Terminal” window and select New order from the menu; or press

the F9 button; or use the Tools > New order menu sequence; or Right click on

the chart window and select Trading -> New Order from the menu; or double

click on a currency pair in the “Market Watch” window.

There are four types of pending orders:

• Buy Stop - an order to open a Buy position at a price higher than the price

at the moment of placing the order;

• Sell Stop - an order to open a Sell position at a price lower than the price

at the moment of placing the order;

• Buy Limit - an order to open a Buy position at a lower price than the price

at the moment of placing the order;

MT4 User Guide for PC – by BA page 16

• Sell Limit - an order to open a Sell position at a price higher than the price

at the moment of placing the order.

In the case of London Gold, the purchase price increase set by the limit

purchase order is at least 200 points lower than the market price. (1 point is

equal to 0.01 USD) In the case of London gold, the purchase price set by the

limit buy order is at least 200 points lower than the market price. (1 point

equals 0.01 USD)

How to do：

Graph 1：Click New Order

Graph 2：Pop up window – Choose the Type of order

MT4 User Guide for PC – by BA page 17

Note: London gold's stop-loss and limit sell orders must be placed above the

market price of 200 points; the limit price and stop-loss order price must be

200 points below the market price. London silver orders need to differ by at

least 200 points from the current price.

MT4 User Guide for PC – by BA page 18

7. Stop Loss / Take Profit

Stop Loss - a pending order to close a position that is moving against you

should the market price reach a pre-defined level.

Take Profit – a pending order to close a position that is moving in your favour

should the market price reach a pre-defined level.

If you place these types of orders you do not have to sit in front of your

computer and wait for the outcome. Take Profit and Stop Loss orders will be

executed automatically as soon as the price reaches the order level (see

below). You can place Stop Loss and Take Profit at the time of making a deal

by filling in the “Stop Loss” and “Take Profit” fields in the “Order” window: In

order to delete Stop Loss or Take profit orders specify its level as equal to zero.

In the case of London Gold, the purchase price increase set by the limit

purchase order is at least 200 points lower than the market price. (1 point is

equal to 0.01 USD) In the case of London gold, the purchase price set by the

limit buy order is at least 200 points lower than the market price. (1 point

equals 0.01 USD)

How to do：

MT4 User Guide for PC – by BA page 19

Graph 1： Choose the order from Terminal Window

Graph 2：The Order will pop Up and you can Modify Order

These are brief introduction of the MT4. If you have any further question, please

contact our official WeChat ID: Ba0523001 or customer service QQ:1687575538.