User Manual - Capital Index
Contents
1. g gt BB Black White E LightSlateGray W Lime EE Lime gt W Black White BB Lime LimeGreen gt W Red W Red x www capitalindex com x Aa w Charts Other settings can be changed in the Common tab Common tab of Chart Properties window TEEN Properties of EURUSDb H4 Common E Offline chart 7 Chart on foreground sia E Chart shift Line chat V Chart autoscroll Show OHLC E Show Ask line E Scale fix One to One F E e Show period separators E Scale fix E Show grid 1 33900 Fixed maximum F Show volumes Fixed minimum F Show object descriptions Please note the following options Offline chart the chart is not being updated by new quotes Once you open the chart offline File gt Open offline this option becomes automatic Chart shift allows to shift the chart from the right edge of the window You can also press the button on the lk Charts toolbar or use the Charts gt Chart shift menu sequence Chart autoscroll disables enables chart autoscroll to the left once a new quote is received You can also press the ILA button on the Charts toolbar or use the Charts gt Autoscroll menu sequence PN w www capitalindex com Market Orders In order to enable the Order window ae Right click on the Market Watch window or on the2. Symbol Bid Ask Time EURUS USDJPYb gt GBPUS USDCH 1 15443 1 1547 16 15 EURCH AUDUS USDCA 1 04938 1 04971 16 15 EURGB EURIPYb GBPIPYb EURCA 1 29470 1 295 16 15 Sa sd GBPCHFb M30 1 65631 1 65965 1 65583 1 65853 EURAU 14674 1 467 16 15 GBPCH 1 65853 165 16 15 CHFIPYb AU pa Teale ce TR ars Gino Girton wie BIG Ale lel CMS MetaTrader B Accounts if Indicators Installation STEP 1 Download MT4 from our website STEP 2 Run the mt4setup exe file STEP 3 Scroll down the list to select the language Then press next Capital lt gt Index Welcome to Capital Index MetaTrader 4 Setup The dient terminal is designed for performing trade operations in different financial markets The terminal also offers wide analytical possibilities and supports various tools for conducting technical analysis Program contains all the necessary tools for developing testing and running programs for automated trading Expert Advisors These programs are written in the built in language using which you can also create custom indicators and scripts Unauthorized reproduction or distribution of this program or any portion of it may result in severe civil and janer ie teapa pee emma lot at Aalborg Capital Index STEP 4 First time users may see a WAITING FOR UPDATE SCREEN Please close all existing charts which have that
3. A Buy Limit order is executed if the Ask price becomes less than or equal to the order level A Sell Limit order is executed if the Bid price becomes more than or equal to the order level A Buy Stop order is executed if the Ask price becomes more than or equal to the order level A Sell Stop order is executed if the Bid price becomes less than or equal to the order level Expert Advisors MetaTrader 4 MT4 is one of the most popular platforms in the industry mostly because of the ability to run Expert Advisors EAs on the platform EAs are trading robots that allow you to automatically trade without having to constantly monitor the market EAs can be used for analyzing market moves creating trading signals and making trading decisions In order to use an EA you must attach it to a chart so that it can use the chart tick movements to analyze the market The Location of EAs on Your Computer There are some folders under the experts folder that some EAs use For example experts libraries experts files Many EAs automatically locate themselves in the proper folders however it is useful to know how to do so manually EA Formats EAs are available in two different formats the raw format or source code and the compiled format or executable version The file extension for EA source code is mq4 e g MACD_Sample_EURUSD mq4 and the file extension of EA compiled programs is ex4 e g PMACD_Sample_EURUSD ex4 The d
4. Trade tab of the Terminal window and select New order from the context menu or Press the F9 button or Use the Tools gt New Order menu sequence or Right click on the chart window and select Trading gt New Order from the context menu or Double click on the currency pair in the Market Watch window From the Order window you have two ways of making deals Market Execution and Pending Order Market Execution means that your order will be executed at the best prices in the market at the time Once you decide to place a trade by clicking the buy or sell button your order will be automatically executed at the best price available from one of our many reputable banks If the order is only partially executed at the first price all subsequent best prices will be used until the entire order has been filled As a result you may not know the final price at the time the order is placed Order window Market Execution Symbol EURGBPb Euro vs Great Britain Pound Zi Volume 1 00 X StopLoss 0 000005 Take Profit 0 00000 EF Comment Type Market Execution m Market Execution 0 85844 0 85874 Notice At order by market execution the price will be quoted by dealer Before you make a deal you can change its details in the Order window gt vvv v www capitalindex com Symbol the currency pair you choose Volume number of lots
5. Customize Your Charts You can also customize the look and feel of your charts but right clicking on the chart and selecting properties from the dropdown menu Trading Expert Advisors Indicators List Periodicity Template Refresh T USDCADb H1 Auto Arange Grid Volumes Zoom In Zoom Out Save As Picture Print Preview Change background and foreground colors bull and bear candles volumes and more within the Properties window Properties of EURUSDb H4 Eana Colors Common Color scheme v Background I Black Foreground White v Grid J LightSlateGray Bar Up Ml Lime X Bar Down I Lime X Bull candle J Black X Bear candle White X Line graph E Lime z Volumes LimeGreen Askline i Red Stop levels J Red hd Cancel Reset www capitalindex com Charts Chart period The period displayed in one bar or candle For example if you create a 15 minute bar chart then each bar will have the price data for the relevant 15 minutes In MetaTrader 4 the following time periods can be used 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 In order to change a time period use the Periodicity toolbar Periodicity toolbar Periodicity ps Mi M5 mis mso Hi H Di Wi MN Right click anywhere on the chart to produce the context menu to get access to the chart settings Tr
6. Stop Loss the level of Stop Loss order grayed out in Market Execution mode Take Profit the level of Take Profit order grayed out in Market Execution mode Comment any notes Market Orders How to close an open position In order to close a position go to the Trade tab of the Terminal window right click to obtain the context menu and then select Close Order You can also left double clicking on the open position in the Trade tab of the Terminal window New Order F9 Close Order E Modify or Delete Order Trailing Stop 0 85840 0 85870 B Notice At order by market execution the price will be quoted by dealer quote shown by CMS Forex Sometimes however the market can be very volatile and the quote offered several seconds ago may become invalid even before those several seconds which are given to you for the decision making process run out In this case the quote is revoked and the Requote window with a new quote appears gt Stop Loss an order to close a previously opened position at a price less profitable for the customer than the price at the time of placing the order gt Take Profit an order to close a previously opened position at a price more profitable for the customer than the price at the time of placing the order If you place these types of orders you do not have to sit in front of your computer to wait for t
7. difference between the order level and the current price Once you fill in the Stop Loss and or Take profit fields press the Modify position number button ON www capitalindex com Market Orders In order to remove your Stop Loss or Take Profit orders specify its level as equal to zero Stop Loss and Take Profit orders are executed in the following cases gt The Take Profit order on an open Buy position is executed if the Bid price in the quotes flow becomes equal or higher than the order level The Stop Loss order on an open Buy position is executed if the Bid price in the quotes flow becomes equal or lower than the order level b The Take Profit order on an open Sell position is executed if the Ask price in the quotes flow becomes equal or lower than the order level p The Stop Loss order on an open Sell position is executed if the Ask price in the quotes flow becomes equal or higher than the order level The order will be executed if at least one quote reaches the order level Please note that in MetaTrader 4 charts are created using Bid prices So Minimum Ask price is equal to the minimum bar price Low plus spread Maximum Ask price is equal to the maximum bar price High plus spread Minimum Bid price is equal to the minimum bar price Low Maximum Bid price is equal to the maximum bar price High v v v v Important If under abnormal ma
8. message Once all these charts are closed please drag and drop a new currency pair from the market watch table This will resolve your issue and the new drag and drop chart currency pair should be moving A D F STEP 5 Then you are able to logon to the platform Click on File and then Open an Account www capitalindex com Home Screen Let s examine the MetaTrader 4 platform and go over the function of each window on the main screen Here is what the MT4 main screen looks like 7 2088426465 CMS MetaTrader 4 Client Terminal Demo Account GBPUSDb Hi Ble View Inset Charts Tools Window Help sjoe G ye lt gt Se ED A Gp Neworder Expert Advisors k Se BA TH Mr mi ms ms mo Hi H4 Di wi MN Market Watch 21 32 20 x a C EURUSDb H1 oles Symbol Bid Ask a EURUSDD 1 21704 1 21729 USDJPYb 89972 89 997 GBPUSDb 143712 1 43751 USDCHFb 116039 1 16076 EURCHFb 141253 141288 EURGBPh 0 84658 0 84688 EURJPYb 109 514 109 554 GBPJPYb 129315 129 370 AUDUSDb 0 82201 0 82240 USDCADb 1 06947 1 06984 NZDUSDb 0 66331 0 66386 EURCADD 130176 130220 Symbols Tick Chart T CMS MetaTrader hais a Accounts H F Indicators a H Custom Indicators 0 I Scripts ult nla alre O B ERE T USDIPYb H1 Common Favorites GEPUSDb Hi Time From EA 2007 09 25 16 00 Capital Marke
9. reason the Market Watch window is not displayed you can get to it by pressing Ctrl M or by using the View gt Market Watch menu sequence or by clicking the button from the Standard toolbar Standard Toolbar xi EE Right click the mouse button on the Market Watch window to produce the context menu Market Watch window Symbol Bid Ask EURUSDb 1 23928 1 23953 USDJPYb 90 475 90 498 GBPUSDb 1 44334 1 44369 USDCHFb 1 15828 1 15860 EURCHFb 1 43544 1 43581 AUDUSDb 0 83078 0 83112 USDCADb 1 05864 1 05898 amp EURGBPb 0 85844 0 85874 EURJPYb 112 140 112 173 GBPJPYb 130 595 130 643 EURCADb 1 31208 1 31248 EURAUDb 1 49122 1 49193 GBPCHFb 1 67185 1 67246 CHFIPYb 78 092 78 123 AUDCADb 0 87958 0 88004 AUDJPYb 75 169 75 208 NZDUSDb 0 67270 0 67318 CADIPYb 85 441 85 479 NZDIPYb 60 869 60 926 GBPAUDb 1 73683 1 73757 AUDNZDb 1 23433 1 23505 USDMXNb 12 95230 12 95890 Symbols Tick Chart www capitalindex com w Main Screen New Order allows you to open close a position or place a new pending order New Order Window USDIPYb US Dollar vs Japanese Yen 1 00 X Take Profit 0 000 H Market Execution 90 470 90 49 Symbols Tick Chart Tick Chart opens up the tick chart for the selected instrument in a new tab within the Market Watch window Hide removes the speci
10. 9 0 86197 0 84977 EURJPYb 118 126 118 159 119 356 116 886 4 GBPJPYb 138 757 138 801 138 766 135 887 Time displays a column with the arrival time of the latest quote for each instrument www capitalindex com O Main Screen Market Watch 16 41 40 x Symbol Bid Ask Time EURUSDb 1 27304 1 27323 16 41 USDJPYb 92 827 92 849 16 41 gt GBPUSDb 1 49493 1 49525 16 41 USDCHFb 1 10348 1 10386 16 41 EURCHFb 1 40504 1 40536 16 41 gt AUDUSDb 0 89885 0 89914 16 41 USDCADDb 1 01858 1 01876 16 41 EURGBPb 0 85135 0 65162 16 41 4 EURJPYb 118 186 118 216 16 41 GBPIPYb 138 781 138 832 16 41 EURCADb 1 29686 1 29710 16 41 EURAUDb 1 41595 1 41649 16 41 GBPCHFb 1 64993 1 65046 16 41 CHFJPYb 84 103 84 134 16 41 AUDCADb 0 91568 0 91612 16 41 Symbols hart m Grid hides unhides grid lines in the Market Watch window Popup Prices opens the popup window which contains real time quotes for your selected instruments Popup prices Popup Prices www capitalindex com With MetaTrader 4 you can display multiple real time charts simultaneously on the same screen for any currency pair in any time period The types of charts are available in MetaTrader 4 are bar candlesticks and line You can change how a chart is displayed from the Charts toolbar located at the top of your platform Bar Chart The bar chart displays a series of bars Each bar has a high top a lo
11. Auto Arrange 30 points v Grid 35 points 40 points 45 points 50 points Custom A Pending order is an instruction to open a position when the current price reaches the order level There are four types of pending orders Buy Limit an order to open a Buy position at lower than the current price Sell Limit an order to open a Sell position at higher than the current price Buy Stop an order to open a Buy position at higher than the current price Sell Stop an order to open a Sell position at lower than the current price v vv v Pending Orders 1 Right click on the Market Watch window or on the Trade tab of the Terminal window and select New order from the context menu or press the F9 button or use the Tools gt New order menu sequence or right click on the chart window and select Trading gt New order from the context menu or double click on the currency pair in the Market Watch window oe OM In order to place a pending order open the Order window and choose Pending order from the drop down list ON COD www capitalindex com Yea Market Orders Symbol EURUSDb Euro vs US Dollar Volume 1 00 X 0 00000 5 24 2010 15 31 Open price you set must differ from market price by at least 0 pips The following options may also be changed in this window vvv vvv vV vV V Symbol currency pair or C
12. FD Volume transaction size in lots Stop Loss Stop Loss order level which will be activated once the pending order has been executed Take Profit Take Profit order level that will be activated once the pending order has been executed Comment your comments for the pending order Type the type of pending order Buy Stop Buy Limit Sell Stop Sell Limit At price pending order level Expiry if the box has not been checked the order is valid up to the time when you cancel it or when it is executed If the box is checked the order is valid up to the time specified in the box In order to modify or delete a pending order highlight it in the Terminal window then right click to produce the context menu JEP www capitalindex com New Order Close Order Modify or Delete Order Trailing Stop Profit Commissions Taxes Comments Auto Arrange Grid The context menu of the Trade tab of the Terminal window gt f i Market Orders Execution of pending orders v vv Vv Stop Loss 1 43000 H Take Profit 1 45000 HH StopLoss 1 43000 Take Profit 1 45000 How to modify or delete pending order GEPUSDb Great Brftain Pound vs US Dollar on Modify Order Price 1 44000 Expiry F 5 24 2010 15 40 By Modify Open price you set must differ from market price by at least 0 pips
13. ading f Market Watch window context menu Expert Advisors Indicators List 1 Minute M1 5 Minutes M5 15 Minutes M15 30 Minutes M30 Template Refresh Auto Arrange Ctrl d TE Gria Chee eine La Volumes Ctrl L odii Daily D1 A Zoom In Weekly W1 3222 z B 2 a Zoom Dut Monthly MN ig Save As Picture Eb Print Preview E Print CtreP eS Properties F8 Choose Periodicity and select a time period from the drop down menu or press the image NewToMarkets_14 png button on the Charts toolbar Select Refresh item if an error occurs or if there are so called gaps on the chart All missing data will be uploaded Select Grid if you wish to hide unhide gridlines on the chart d C gt w www capitalindex com w from the server and will appear on the chart Charts Select Volumes in order to show hide tick volume the number of quotes of any period time Zoom in Zoom out will help you to modify chart measures You can also use Q AQ the Charts toolbar or press the and buttons Save as picture will save the chart as the gif or bmp file buttons on the Properties or the F8 button enables the window where you can change chart settings by selecting the Colour tab you can change the colour of any element on the chart Colour tab of Chart Properties window Properties of EURUSDb H4 Color scheme
14. ains no errors the application creates the compiled ex4 file and you are ready to use the EA The error messages appear on a window called Toolbox embedded in the MetaEditor environment 5 Close MetaEditor Now you are ready to use the EA Compiling Language Editor Fle View Insert Chats Tools Window Help T he P lt gt f E New Order F9 D F 4 amp History Center F2 Market Watch 20 09 00 amp Global Variables F3 Symbol Bid MetaQuotes Language Editor F4 EURUSDb 1 22942 1 2 Options Cii 0 USDJPYb 90 857 A rnme 4 sarra sarna ana Benes Frdinries Onine Library Hep For Help press lt F1 gt Tiag c33 www capitalindex com ea Expert Advisors Attaching the EA To attach an EA to a chart use the following steps lis In the MT4 terminal open the desired chart 2 Select the proper time frame by clicking one of the icons on Periodicity toolbar or Chart gt Periodicity menu 3 Make sure that the Navigator window is open The default location of this window is below the Market Watch window on the left side of the MT4 terminal If the Navigator window is not open either press Ctrl N or from the View menu select Navigation 4 In the Navigator window click the sign next to Expert Advisors The list of current EAs appear in the window 5 From the list eith
15. change the properties of an EA that is attached to a chart use the following steps 1 In the MT4 terminal open the chart 2 Press F7 to see the EA properties dialog box Alternatively you may right click on the smiley located on the upper right side corner of the chart and select Properties from the pop up menu 3 To change the values assigned to external variables select the Inputs tab and make the desired changes or click Reset to restore the original settings of the EA 4 To change other options select the Common tab and select or deselect desired options 5 Click OK Variable Value 2 TakeProfit 50 0 F Lots 01 E TraiingStop 30 0 E MACDOpenLevel 30 i MACDCloseLevel 20 E MATrendPeriod 26 0 Expert Advisors in MT4 The Expert Advisors technology is a method of trading which frees you from the daily manual routine Expert Advisors automatically analyse current market situations trade and monitor open positions With the help of Expert Advisors you can 1 Avoid everyday manual routine by automating the process of making deals and monitoring orders 2 Avoid psychological element in the decision making process 3 Keep track of the current situation on a market Implement your trading strategy in Expert Advisor and your client terminal will manage the trading account 24 hours a day 5 days a week without any manual interv
16. efault location for both formats is the experts folder You cannot use the source code to run the EA You must compile the source code first to make it an executable file On the other hand the compiled ex4 format is ready to use You don t need the source code to run the compiled format So eventually all you need is the compiled file fN aie wW www capitalindex com Expert Advisors Compiling an EA If you place an error free source code in the experts folder and then start MT4 it automatically compiles the EA and creates the ex4 file You may also compile the EA yourself as follows When you install your MT4 trading terminal you also install an application called MetaEditor The installation is done automatically You can use MetaEditor to develop EAs You also use MetaEditor to compile EAs So if you receive the source code of an EA i e the mq4 file use the following steps to compile it If you already have the compiled file in hand you can skip the following procedure 1 From the MT4 terminal you can run the MetaEditor by going to Tools gt MetaQuotes Language Editor 2 In the MetaEditor window open the EA source code You can either use the File gt Open to locate and open the file or double click the file name in the Navigator window This window is located on the right side of the MetaEditor window by default 3 On the MetaEditor toolbar click the Compile button 4 If the code cont
17. ention based upon your trading strategy ON www capitalindex com w q Glossary A gt Ask Price The lowest price that a currency pair will be offered for sale B gt Balance Account Balance The total financial result of all completed transactions and deposits withdrawals on the trading account gt Bar Chart On a daily bar chart each bar represents one day s activity The vertical bar is drawn from the day s highest price to the day s lowest price Closing price and opening price are represented by ticks on the bar gt Base Currency The first currency quoted in a currency pair on forex gt Bear Investor acting on the belief that prices or the market will decline gt Bid The highest price that a currency pair will be bought gt Broker Individual or firm acting as an intermediary to bring together buyers and sellers typically for a commission or fee gt Bull Investor who expects markets or prices to rise C gt Cable Term used to describe the exchange rate between the US dollar and the British Pound It refers to a cable used for the first trans Atlantic communication gt Candlestick Charts Identical to a bar chart in the information conveyed but presented in a way to describe price movements gt Carry Trade An investment position of buying a higher yielding currency with the capital of a lower yielding currency to gain an interest rate differential gt Channel An upwards or downwards trend whose boundarie
18. er drag and drop the EA to the chart or double click it A dialog box appears 6 On the Common tab select the Allow live trading option If you do not select this option the EA does not enter trades automatically T On the same dialog box select the Inputs tab The tab is located at the top of the dialog box In this tab you can make any changes to external variables 8 Click OK A smiley happy face appears on the upper right corner of the chart indicating that the EA is running If you see an x sign instead of the happy face this means that all of the EAs are deactivated To activate EAs from the Standard toolbar press the Expert Advisors icon If instead of the happy face you see a it means that this EA is not allowed to trade live To enable live trading f Press F7 to see the EA properties dialog box 2 Select the Common tab 3 Select Allow live trading K TrailingStop MACDOpenLevel 3 0 i E MACDCloseLevel 20 E MATrendPeriod 26 0 www capitalindex com Navigator x E CMS MetaTrader E amp Accounts H F Indicators a 8 Expert Advisors amp MACD Sample g Moving Average J B Custom Indicators g H E3 Scripts Common Favorites Expert Advisors If you see an x sign instead of the this means that all of the EAs are deactivated To activate EAs from the Standard toolbar press the Expert Adviso
19. fied instrument from the Market Watch list Hide All deletes all symbols from the list in the Market Watch window except those used in your open posi tions or charts Show All displays all symbols in the Market Watch window fil Symbols enables the window where you can hide show the c C D bod selected instruments Main Screen Enabling Symbols CADIPYb Canadian Dollar vs Japanise Yen a CHFJPYb Swiss Franc vs Japanise Yen EURAUDb Euro vs Australian Dollar EURCADb Euro vs Canadian Dollar EURCHFb Euro vs Swiss Franc EURGBPb Euro vs Great Britain Pound EURIPYb Euro vs Japanese Yen EURUSDb Euro vs US Dollar GBPAUDb Great Britan Pound vs Australian Dollar GBPCHFb Swiss Franc vs Japanise Yen GBPJPYb Great Britain Pound vs Japanese Yen GBPUSDb Great Britain Pound vs US Dollar i NZD3PYb New Zealand Dollar vs Japanise Yen J r Sets save edit delete the custom settings for the Market Watch window High Low shows hides columns with the highest and lowest prices for each symbol Market Watch 16 37 32 Symbol Bid Ask High Low gt EURUSDb 1 27199 1 27222 1 28023 1 26653 USDJPYb 92 862 92 883 93 253 92 202 GBPUSDb 1 49414 1 49446 1 49429 1 47187 USDCHFb 1 10438 1 10472 1 11314 1 10438 EURCHFb 1 40485 1 40511 1 41842 1 40341 AUDUSDb 0 89829 0 89857 0 90296 0 89316 4 USDCADb 1 01937 1 01971 1 02867 1 01931 EURGBPb 0 85114 0 8513
20. he outcome Take Profit and Stop Loss orders will be executed automatically as soon as the price reaches order level see below J a A COD www capitalindex com ay Market Orders How to place Stop Loss and Take Profit orders in the Order window New Order 53 In order to add your Stop Loss and Take Profit levels use the context menu Close Order The context menu of the Trade tab of the Terminal window ahead Profit G v Commissions Taxes Comments v Anto Arange A v Grid G Right click on the open position or on the pending order in the Trade tab of the Terminal window and select Modify or delete order The Modify order window enables The Modify Order window m Symbol EURGEPb Euro vs Great Britain Pound Volume 1 00 Stop Loss 0 00000 4 Take Profit 0 00000 FA Comment Type Modify Order Z Stop Loss 0 00000 F Take Profit 0 00000 _ Modify 436 12495 sell 1 00 EURGBPb si 0 00000 tp 0 00000 J Stop Loss or Take Profit you set must differ from market price by at least 0 pips Fill in the Stop Loss and Take Profit fields By pressing the red button in our example 1 25690 you can copy this level into the Stop Loss field By pressing the blue button in our example 1 25636 you can copy this level in the Take profit field The value in the Level field defines the
21. il forex brokers and investors gt Fundamental Analysis The analysis of economic indicators and political and current events that could affect the future direction of financial markets In the foreign exchange market fundamental analysis is based primarily on macroeconomic events b Hedge Hedging Strategy to reduce the risk of adverse price movements on one s portfolio and to protect against the volatility of the market Hedging typically involves selling or buying at the forward price or taking a position in a related security Hedging becomes more prevalent with increased uncertainty about current market conditions gt Limit order An order with restrictions on the maximum price to be paid or the minimum price to be received As an example if the current price of USD YEN is 93 00 03 then a buy limit USD would be at a price below 93 i e 92 50 gt Liquidity The ability of a market to accept large transaction with minimal or no impact on price gt Margin A percentage of the total value of a transaction that a trader is required to deposit gt Market Order An order to buy or sell a currency pair at the best available price gt Offer The price or rate at which a seller is willing to sell at ON www capitalindex com w q w w Glossary Order An instruction by a customer to a broker trader to buy or sell at certain price or market price The order remains valid until executed or cancelled by the customer Ove
22. lines above and below the body or shadows show the lows and highs within a specified period of time Depending on the closing and opening prices the real body can be white empty or black If the opening price was lower than the closing price or the given currency pair gained value then the body of the bar is white To contrast if the opening price was higher than the closing price or the given currency pair lost value then the body of the bar is filled black Creating New Charts In order to create a new chart for any instrument right click on the Market Watch window then select the Chart window item from the context menu By left clicking the mouse you can drag and drop any selected currency pair into any open chart window www capitalindex com Chart Context Menu EURUSDb USDJPYb GBPUSDb EURCHFD E AUDUSDE Eq USDCADE Ga EURGBPD EURJPYb GBPJPYb 4 EURCADb EURAUDE GBPCHFD CHFJPYb AUDCADE AUDIPYD v NZDUSDE y CADIPYb NZDIPYb cepaupe B 1 23975 90 469 1 44359 1 44389 20 22 au 7 New Order Chart Window Tick Chat Hide Hide All Show All Symbols Sets High Low Time Auto Arange Grid Popup Prices Symbols Tick Chart 1 23999 90 493 20 22 F9 20 22 20 22 20 22 20 22 20 22 20 22 20 22 20 22 20 22 20 22 20 22 20 22 20 22 20 22 Space Delete m fx yo Charts
23. r the counter Market Where there is no exchange involved in the transaction One party trades directly with the other Pip Points The smallest amount an exchange rate can move typically 0001 Quote Currency The second currency in a pair Rollover Is a charge or credit for holding a currency position overnight The cost of the process is measured by the interest rate differential between the two currencies Spot Price The price at which commodities securities or currencies are immediately exchanged Trade date 2 Spread The difference between the bid and offer price Swap The rollover charge credit Technical Analysis A technique used to try and predict future movements of a security commodity or currency based solely on past price movements and volume levels It examines charts and historical performance Tick A single price movement Transaction Costs The costs that are incurred by a trader when buying or selling currencies or commodities These costs include broker commissions or spreads Transaction Date The date a trade occurs Trend Lines A straight line drawn across a chart that indicates the overall trend for the currency pair In an upward trend the line is drawn below and acts as a support line the opposite holds true for a downward trend Once the currency breaks the trend line the trend is considered to be invalid T www capitalindex com eae
24. rket conditions the order level falls within the price gap CMS Forex has the right to execute the order at the Bid or Ask price depending on order type of the first obtainable after the gap quote Trailing Stop Trailing Stop is an algorithm to manage Stop Loss orders Once a trailing stop has been placed for example if a trailing stop s value is 15 pips the following occurs No Stop Loss order will be placed until the open position is in a profit of at least 15 pips The platform will prompt you to place the Stop Loss order 15 pips higher or lower than the current price gt Subsequently each time the difference between the current price and the order level exceeds 15 pips MT4 sends the instruction to modify the Stop Loss order to a level 15 pips higher or lower than the current price The Stop Loss order then becomes closer to the current price JA www capitalindex com Tay q Market Orders Note It is very important to note that no Stop Loss order will be placed until the market moves in your favour as mentioned above Therefore to limit losses a separate Stop Loss would need to be placed manually In order to place a trailing stop highlight the open position in the Trade tab of the Terminal window and right click to open the context menu E New Order ngs How to specify Trailing Stop level Bs Modify or Delete Order Tr Delete Al Profit None Commissions 15 points Taxes 20 points Comments 25 points
25. rs icon If instead of the you see a it means that this EA is not allowed to trade live Deactivated To enable live trading i Press F7 to see the EA properties dialog box 2 Select the Common tab 3 Select Allow live trading Common Inputs Variable Value H Take Profit 50 0 i Lots 0 1 2 TrailingStop 30 0 E MACDOpenLevel 3 0 i MACDCloseLevel 20 E MATrendPeriod 26 0 canca Changing the Properties of an Attached EA To change the properties of an EA that is attached to a chart use the following steps 1 In the MT4 terminal open the chart 2 Press F7 to see the EA properties dialog box Alternatively you may right click on the smiley located on the upper right side corner of the chart and select Properties from the pop up menu 3 To change the values assigned to external variables select the Inputs tab and make the desired changes or click Reset to restore the original settings of the EA 4 To change other options select the Common tab and select or deselect desired options 5 Click OK Expert Advisors in MT4 The Expert Advisors technology is a method of trading which frees you from the daily manual routine Expert Advisors automatically analyse current market situations trade and monitor open positions A a COD www capitalindex com w Expert Advisors Changing the Properties of an Attached EA To
26. s are marked by two straight lines A break above below the channel lines signals a potential change in the trend gt Commission A fee charged by broker or agent for carrying out transactions orders gt Contract unit or lot The standard trading unit on certain exchanges A standard lot with CMS Forex is 100 000 units of base currency i e 100000 gt Cross Currency A pair of currencies traded in forex that does not include the U S dollar D gt Daily Charts Charts that encapsulate the daily price movement for the currency pair traded gt Day Trading Refers to the process of entering and closing out trades within the same day or trading JA COD www capitalindex com session Glossary gt Euro The monetary unit of the European Monetary Union used by sixteen countries in the European Union It is now the legal tender of those countries as of January 2002 Those countries include Germany France Belgium The Netherlands Luxembourg Spain Portugal Italy Austria Ireland Finland Greece Cyprus Malta Slovakia and Slovenia gt Flexible Spread Also known as floating spread The difference between the bid and offer price that a broker can adjust according to market conditions b Foreign Exchange Forex The market in which participants are able to buy sell exchange and speculate on currencies The forex markets is made up of banks commercial companies central banks Investment management firms hedge funds and reta
27. t Services Group LLC E3 2007 09 25 15 58 Capital Market Services Group LLC E3 2007 09 25 15 56 Capital Market Services Group LLC Headline What Is Automated Trading Mobile Trading It s Easy Welcome Terminal Maibox Experts Jour Trade AccountHistory Alerts For Help press FL CMS MTS Default Nei 43 0 kb gt Main Menu From the main menu you can access the program menu and settings gt Toolbars With the toolbars at the top you can quickly access the platform s many features and settings gt Market Watch window The Market Watch window is essentially your quotes board View a list of all offered instruments with streaming real time quotes gt Navigator Window This window is where you will be performing most of your functions from logging into different accounts to using all your indicators scripts and Expert Advisors www capitalindex com gt Chart window View bar line and candlestick charts of various currency pairs from this window Multiple charts can be displayed simultaneously Indicators and Expert Advisors can be added directly to the chart for your analysis needs gt Terminal Window View your account history and trade information such as open positions and placed orders client terminal log file and MT4 emails CO T Market Watch The Market Watch windows allows you to view streaming real time quotes If for some
28. w bottom an opening price left horizontal little line and a closing price right horizontal little line for the specified period of time Below is an example of a single bar in the bar chart The bar chart is recommended for longer periods typically 5 minutes or more EURUSDb H4 aaka EURUSDb H4 1 26888 1 27415 1 26832 1 27411 28 Apr 2010 29 Apr 16 2 May 22 15 4 May 04 00 5 May 12 00 6 May 20 00 10 May 00 00 11 May 08 00 Line Chart The different time periods minutes hours days months etc are displayed on the x axis and the prices are displayed on the y axis Each point on the chart shows the close price for the period and all the points are joined by lines Line charts are best used only for short time periods of 5 minutes or less Candlesticks Candlesticks are mostly used for a daily period This method of technical analysis is based on the correlation between both closing and opening prices within the same trading day and the closing price of the previous session and the opening price of the next session EURUSDb H4 EURUSDb H4 1 26888 1 28 Apr 2010 29 Apr 16 00 2 May 22 15 4May 04 00 5 2 00 6 May 20 00 EURUSDb H4 28 Apr 2010 29 Apr 16 00 2 May 22 15 4 May 04 00 5 May 12 00 6 May 20 00 10 May 00 00 11 May 10 May 00 00 11 May 08 00 Charts How to Read a Candlestick The rectangular part of the candlestick line is called the real body The thin vertical
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