Friday, December 19, 2008

Metatrader 4 Basics

(My Original Blog Post: -*http://api-madness.com/post/metatrader-4-basics/)
[youtube]http://www.youtube.com/watch?v=iJ11u_4J0ho[/youtube]

Attention! API Garbage (might be unreadable):

market different order

Hi this is my cut with for extruding edge of that word CDs.com of euros your host your dogs introduce you to our Motrin for platform not longer unique we reviewed only brokerage company currently offering the trigger for the services of gain capital group which is one of the largest works of three firms in the world to know the first thing about motor trader for is if you take a look at it if you re familiar with some of the platforms this could look somewhat complicated to wall I ll be the first to tell you that once you get familiar with this platform it s very intuitive it will make for much sense to you and you ll find it s actually pretty easy to trade with the fact though many of you might find it s even better than what you using a Bothell metal gods will see this is the basic market window all we have here or the left-hand side the bids and asks for different currency pairs of the stomach of the MarketWatch window here scroll down some casino to the bottom we have here the US Japanese and okay know there are other contracts that we can add to this that we can also reduce the number of contracts as well before I found this keep in mind that this is the general area where we will see prices to know let s suppose that I want to place a tree K. we could place a trade here from double-clicking on the actual currency pair double left click and that is brings up in order to do magic and see we have the ability to sell by the marketer by the market this shows is the bit in the house right here over here we have a tick chart which shows us the current bit mask of the market the current spread of pseudo-history of here we have all different of other different settings for example we could change from what we double clicked on the Australian Canadian pair and select from other available currencies will say let s would shoot the bridge, you are desired to see the tick chart changed so obviously we re seeing the pricing for the bridge US dollar has murdered by her cell here as you can see we have different costs of terror business which of course relates specifically to the Bridgetown US dollar pair we also have the ability besides market execution we can use a pending order for pending orders we have different types as you can see by limit so when I stops all stops to place an order based upon our preference we set the price at which the order will be executed here and also we have another interesting feature which is some expiration dates let s say that we believe that this limit were going to place would be good up until Thursday. Currently it s the march of the third 2008 as I m recording this video let s say we think one Thursday that this ll be the last that we want the market of this order in the market so that we set this date no on the sixth at 1915 video disorder works for the also lets get rid of the also appear if you notice we have different lot sizes .10 represents 1/10 of a standard lot .2 .3 .4 .5 etc. and so we can actually do something else they looks like we can only do a .51 action is not true with entry number between soap 1.10 gives us 1.10 contracts with extra trade which also tree reports six contracts enough to put 0 acres .0 .6 and gives a plus go back to a marketer and weblog .6 lots that s us 6 pounds of the standard lot for the Bridgetown US dollar pair wanted by the market and our felt to Solo tells us right here the number of Bobby Warner Bros. what we board for Mrs. here by some tells them what .60 lots of the bridge from US dollar pair at 1.98420 and of course is successful when we purchased today however looking at this journeyer only to the

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