Content
1. Installing and Opening the MT4 Account ... 1
1.1 Opening Demo Account ... 1
1.2 Login ... 2 2. User Interface ... 4 2.1 The Market ... 5 2.2 Navigator... 7 2.3 Chart ... 8 2.4 Terminal ... 9 3. Trading ... 11 3.1 Types of Orders ... 11 3.2 Opening a trade ... 11
3.3 Stop Loss - Take Profit ... 13
3.4 Trailing Stop ... 14
1.
Installing and Opening the MT4 Account
Please log on to the secure client area on www.sensus-capital.com and select the option to download the setup file.
Execute the setup file “mt4setup.exe” and follow the installation instructions on your screen. Once the installation is complete you can access Metatrader4 via a shortcut on your desktop.
1.1 Opening Demo Account
1.2 Login
To log in, enter the log-in details provided to you when you submitted the demo download request. When you have a Live Account, we will email it to you.
How to change your password?
In order to change your password, you must be logged in to your account. Go to the standard Toolbar, select “Tools” – “Options” and then click to the “Server” tab.
Enter your current login and password, and click the “Change” button.
2.
User Interface
Once you successfully log in to the platform, you will see the standard screen.
The main commands used in the terminal are duplicated in the Toolbars in the form of buttons.
General commands of terminal managing
Managing of objects to be imposed into charts
Chart Timeframe management
2.1 The Market
This window lists all the quotes for the instruments on your account.
When the right mouse button is clicked in the “Market Watch” window, the context menu will appear where the following commands are available:
New Order: Here users can open the “New Order” window, the user can prepare and
place a market or a pending order for the symbol selected.
Chart Window: Here the user can open the chart
Tick Chart: This option allows the user to open the tick chart
Hide: Delete the symbol from the list.
Hide all: This option will delete all symbols from the list
Symbols: This option calls the Symbols window
Sets: Open the submenu that manages the symbol sets.
High/Low: Add the highest and the lowest values of the daily price to the quotes
displayed
Time: show time of incoming quotes
Auto Arrange: automatic arranging of columns when changing the windows size.
Grid: Show/hide the grid separating columns
Popup Prices: Opens an additional quotes window
2.2 Navigator
2.3 Chart
Charts are one of the most powerful tools available to a trader. They can greatly enhance a trader’s strategy if used correctly, especially for those using technical analysis.
For each chart that you have open in the chart window, you can individually change its appearance and properties. In order to do this you can either follow the path “Charts – Properties” on the main toolbar, you can right click anywhere in the chart window and select Properties, or simply use the hot key F8.
2.4 Terminal
This window gives you quick access to a number of important features; mainly you’re trading activities and account history.
Trade: Allows you to view all open positions and pending orders. You can monitor
important figures such as Balance, Equity and Margin Level.
Account History: This provides a comprehensive list of all previous trading activities, but does
not take into consideration current open positions
Mailbox: You can view incoming/outgoing messages here
3.
Trading
3.1 Types of Orders
Market Order: A market order is an order to buy or sell a symbol at the current price.
Execution of this order results in opening a trade position. Symbols are bought at ASK price and sold at BID price.
Pending Order: A Pending order is an order that allows the user to buy or sell a symbol at a
pre-defined price in the future. This type of order is used for opening a trade position provided the future quotes reach the predefined level.
3.2 Opening a trade
To open a trade, you will need to access the order screen and there are number of ways to do this:
Double click on the desired pair in the Market Watch window
Click Tools – New Order
Right click on the pair in the Market Watch window and select new order
Use the hot key F9
Symbol: Symbol for which the position is to be opened
Volume: Specify the trade volume
Stop Loss: Set the Stop Loss level
Take Profit: Set the Take Profit level
Comment: You can write your own personal notes regarding the trade
Type: You can select the type of execution
Market execution: That means you will be filled automatically at the current market price. Once
you place a “Sell by Market” or “Buy by Market” your broker will confirm the execution price.
Pending execution: This type of execution allows you to set a price level at which you wish to
enter into a trade for the selected pair (sell or buy).
3.3 Stop Loss - Take Profit
A Stop loss is a defined price at which you want your position to be closed to limit your loss when the market is turning against you.
A Take profit is the exact opposite as it used to define a level at which you are happy to close the trade and walk away with the profit.
The user must select the Modify or Delete Order option.
3.4 Trailing Stop
A Trailing stop is automated and is activated once a position becomes profitable at a market price away from entry level pre-defined by the user.
The order is set at a specified distance from the current market price, if the price changes in a profitable direction the trailing stop will follow automatically, if the market turns and the profitability of a position falls the order will not be modified, meaning the profit of the position will be fixed.
Once you have an open position, on the Trade tab in the Terminal window, right click the position you wish to set this on and you will see the context menu on the right hand side. Trailing stops can be disabled by setting “none” in the managing menu.
3.5 Closing a Position
User, who wants to close an open position can do so by selecting “close order” in context menu of the “Terminal- Trade” window or by double clicking on position they wish to close.
Representative Office Germany Borselstraße 20 22765 Hamburg Germany Phone +49 40 605 90 10 20 Fax +49 40 605 90 10 26 Head Office
