Trading on the forex market requires a sophisticated platform that allows traders to quickly implement their trading strategies. MetaTrader 4 (MT4) is one such platform, offering numerous built-in features to facilitate the trading process. One of these features is the ability to show trade history as a chart. In this article, we’ll discuss how to do just that. We’ll start by introducing the concept of the MT4 trade history chart and then explain how to place orders, save the history to Excel, and delete unwanted trades from the chart.
What is an MT4 Trade History Chart?
An MT4 trade history chart is a graph that displays the buying and selling activity of a trader over a period of time. These charts can be used to view the performance of various currency pairs, as well as any trend changes that occurred during trading. Additionally, they can be used to identify support and resistance levels, analyze entry and exit points, and even set up automated trading systems.
How to Open a Trade on MT4
The simplest way to open a trade in MetaTrader 4 is to use the ’Order’ window and then place an instant order on the market. Select the currency pair you are interested in trading, set your order type – either buy or sell – and click ‘Submit’. You can also set a Stop Loss and Take Profit if desired.
How to Show MT4 Trade History on Chart
Once a trade is opened, you will need to open a separate chart to show it on. To do this, go to your MT4 account history tab, and look for the trade you want to show on the chart. Then, simply drag the position and drop it on the chart; once you’ve done this, the chart will instantly display the trade history.
How to Save an MT4 History to Excel
If you need to record your trading activity manually, you can easily save your MT4 trade history to Excel. In the terminal window, select ‘Tools’ > ’History Center’, then select the time frame and currency pairs you want to record. Then, click ‘Export’, choose ’Microsoft Excel format’ and click ‘Save’. Your trade history data will then be automatically saved to an Excel spreadsheet.
How to Delete Trade History on MT4
If you want to delete unwanted trades from your MT4 chart, go to the ‘Terminal’ window, then click on the ‘History’ panel. From here, select the trades you want to delete and click ’Delete’. To delete all the trades from your MT4 chart, go to the ‘Terminal’ window, then click on the ‘History’ panel. Select ‘Delete All’ and click on the ‘Yes’ button to confirm.
MT4 is a powerful trading platform that can help traders quickly place orders and save trade history to Excel. Additionally, traders can display trade history on a chart and delete unwanted trades to keep their charts organized. By following the steps outlined in this article, traders can effectively manage their MT4 trade history and gain valuable insights into their trading performance over time.
MT4 Show Trade History on Chart Forex
Learning how to plot Mt4 trade history on one’s chart in the forex market is a crucial step in becoming a successful trader. Many traders depend on being able to look back at the history of their trades in order to improve their future performance. Fortunately, Metatrader 4 (MT4) has an inbuilt feature that allows traders to plot trade history on their charts. This feature allows traders to get an insight about past trades and even backtest strategies.
The Benefits of Plotting Trade History on Chart
When it comes to trading forex, the best way to make sure one’s performance is up to par is to be aware of all trades they executed. Besides keeping a trading journal, plotting trades in a chart allows traders to gain an overview of the specific pattern of individual trades, making it easier to evaluate them. It also helps traders to identify any mistakes, making it easier to improve trading tactics, reducing the possibility of making the same mistakes in the future.
Step-by-Step Guide to Plotting Trade History on Chart Using MT4
Firstly, traders will need to gain access to the trade history feature of MT4. To do this, they will need to go to ‘Tools’ located on the upper toolbar of the platform, select ‘History Center’, followed by the ‘Account History’ tab, from where all the history of the trades of the account can be seen. Once the Account History tab is open, traders will need to select the ‘All History’ option to generate a detailed report of all the trades they have executed. This report will provide traders with insight on all the trades they have executed with the instrument being viewed, and the terms and associated values.
Once the report is created, traders will need to save it from the drop-down menu. To do this, traders should right click anywhere in the table, and then select the ‘Save as Detailed Report’ option and save the report as a .htm file. Once the file is saved, traders will need to open their MT4 chart, right click anywhere in the chart and then select ‘Indicators list’. In the drop down menu, traders should select the ‘Custom’ option and then scroll down to the Trade Account History Plot option.
When this option is selected, a prompt will appear asking traders to select the file they saved earlier from their Account History report. Once they have selected the correct file, the trade history of their account will be plotted into the chart. This will allow traders to review their trading history in the chart and analyze it in a visual format. This feature also allows traders to create backtest scenarios and practice certain trading strategies.
In conclusion, plotting the trade history of an account on an MT4 chart is one of the best ways of trade analysis and evaluation. By allowing one to keep track of past trades, and make sure future trades are successful, this feature of MT4 is an indispensable tool for forex and CFD traders.