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Thread: New customer need help plz about MT4

  1. #1
    verysunny23
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    Default New customer need help plz about MT4

    Hello...

    I used to use this program for analyzing only... so i want to ask about how to make deals using MT4?...like pending orders/ live quick orders ...the stops/ limits/unit sizes/and the number of these lots..i mean for example i want to enter the market like this::::

    buy Entry limit or sell entry limit/ pending order for GBP/JPY at some rate with some limit,using 10 lots...??
    and then the same order but live quick one =opening orders at the recent price / not pending??
    and in case if the market didn't go as i was expecting and i wanted to close all the orders or some of them how can i do that using MT4?.. and what if i wanted to change the stops and limits only ???..also is there any HEDGE IN MT4???...and how to use that one too??...one more question about fxopen=the least amount for the real account is 25$...now i used to work with other company and i used to make my untie size 100000$ to make my pip value =10$....and for this account i used 2000$...now i want to ask in fxopen if i wanted to use such high lots to make my pip value10$ how much do i need to open a big account?? is there any other better options??
    I'd like to ask for one more favor please ...can you explain MT4 with pictures plz??.
    I'm sorry if i asked too many questions but i really need ur help as soon as possible so i can open a real account with fxopen right away!
    Thank u very much
    Mar~.

  2. #2
    Super Moderator nonamer's Avatar
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    Default

    Quote Originally Posted by verysunny23 View Post
    Hello...

    I used to use this program for analyzing only... so i want to ask about how to make deals using MT4?...like pending orders/ live quick orders ...the stops/ limits/unit sizes/and the number of these lots..i mean for example i want to enter the market like this::::

    buy Entry limit or sell entry limit/ pending order for GBP/JPY at some rate with some limit,using 10 lots...??

    Right click on the pair u wanted to open position either buy or sell on market watch then choose New order. New order will pop-up then Choose Type1 : pending order ...after that Choose Type 2 : either limit or stop order then place u price .
    or at that pair chart then Choose Trading then new order.


    and then the same order but live quick one =opening orders at the recent price / not pending??
    Right click on the pair u wanted to open position either buy or sell on market watch then choose New order. New order will pop-up then make instant order .
    or at that pair chart then Choose Trading then new order.


    and in case if the market didn't go as i was expecting and i wanted to close all the orders or some of them how can i do that using MT4?..
    and what if i wanted to change the stops and limits only ???..
    Right click on u pending order then choose modified or delete then change it or delete it

    also is there any HEDGE IN MT4???...and how to use that one too?
    If u already open position Buy, just open position for sell or do pending
    order, but u need to make sure u have enough margin.

    ?...one more question about fxopen=the least amount for the real account is 25$...now i used to work with other company and i used to make my untie size 100000$ to make my pip value =10$....and for this account i used 2000$...now i want to ask in fxopen if i wanted to use such high lots to make my pip value10$ how much do i need to open a big account?? is there any other better options??
    I'd like to ask for one more favor please ...can you explain MT4 with pictures plz??.
    I'm sorry if i asked too many questions but i really need ur help as soon as possible so i can open a real account with fxopen right away!
    Thank u very much
    Mar~.
    Hi

    Some of the answers you can find here: http://www.fxopen.com/faq.aspx .
    Most of information you will find in your MT4 FXOpen trading terminal in Help/Help topics menu.
    -----------------------------------------------------------
    How to know margin requirement u can use this formula
    Price x lot / leverage = margin requirement
    example euro/usd - leverage 1:500 - 0.1lot -
    1.5787 x 10,000 / 500 = 31.57$ margin needed to open pair

    example euro/usd - leverage 1:200 - 0.1lot - (1$/pip)
    1.5787 x 10,000 / 200 = 78.94$ margin needed to open pair

    So if u want open 10$/pip with leverage 1:500 - 1.0lot -
    1.5787 x 100,000 / 500 = 310.57$ margin needed to open pair
    -----------------------------------------------------------
    Better u work with demo account, try all function button, so u will know better about that.

  3. #3
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    In order to close all orders you can use a script. You can find my script that closes all orders(pending and opened) here (my post(number 20)): http://forum.fxopen.com/showthread.php?t=15295&page=2

  4. #4
    Bullish iPHONE's Avatar
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    I have another suggestion for you, you can open a Demo account to practise.
    if you have basic forex knowledge, it is very easy for you to understand

  5. #5
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    I've learned MT4 after one week!
    But still don't know nothing about i.e.
    >pitchfork channel
    >fibo time zones
    >Gann grid
    Does someone use it? Or just know how to use it?!

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