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Exness MT4 Windows Guidline - How to use it?

About Exness

Founded in 2008, Exness is a broker which has since gained steam in the market and now boasts nearly 60,000 active client accounts from all over the world. Traders gravitate towards Exness due to its regulatory oversight and licensing from the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), but also because Exness offers several flexible account types and financial instruments to suit various strategies.

Exness continues to surpass new milestones, gaining market share from other top brokers thanks to impressive sponsorships with Real Madrid FC and WWF Russia. Traders who join up will encounter a secure and streamlined trading environment


A guide to the Exness MT4 Windows


At present, Exness provides a full range of trading tools for traders including: MT4, MT5 software, and mobile applications for you to trade anywhere you want.


Exness MT4

  • Types of pending orders: Buy Stop, Sell Stop; Buy Limit, Sell Limit; Take Profit, Stop Loss

  • Multi-time frames supported: 9 default frames

  • Maximum leverage: 1: infinity

Types of accounts supported:

  • Trading products: Currency pairs, forex, digital currencies, energy


First time using MT4?

Don’t worry, we have you covered. Here is a step-by-step guide on how to install, set up and get trading on your MT4 platform.

Installation




To install MetaTrader 4 for Windows:

  1. Double-click on the downloaded installation file.

  2. Read the License Agreement. If you agree, click the checkbox next to Yes, I agree with all the terms of the license agreement. Click Next.

  3. Choose the folder where the program will be installed. If you want to use the suggested folder, click Next. If not, click Browse, choose a folder, and click Next.

  4. In the next window, select a group in the Programs menu. Click Next.

  5. Click Next to install the MetaTrader trading platform, or click Back if you need to change anything. Now, all you have to do is wait until the program has been installed on your computer.

As soon as the installation of the MetaTrader platform is complete, you can open it by clicking Launch MetaTrader, then clicking Finish.


Logging in


Having difficulty logging in? Try our troubleshooting guide.


Configuring the platform


Get Trading

To open a new order, you have three options:

  • Click New Order in the toolbar.

  • Click F9 on your keyboard.

  • In the Market Watch window, right-click on the trading instrument you want to trade and click New order.

Market Orders

To place:

  1. Once you have opened the New Order window, select your preferred symbol, transaction size, Stop Loss (SL) and Take Profit (TP) levels.

  2. If you want to check the execution type you can find it under Type. Execution type is auto detected based on the instrument you choose and your account type.

  3. Click Buy or Sell to place the order.

To close:

  1. Double click on the order you want to close in the Trade tab of the Terminal section that runs along the bottom of the platform.

  2. Click Close Position.

  3. Alternatively, you can also right click on your order and choose Close Position. Another simple way would be to simply click the x beside your order in the Trade tab.

  4. That’s it. Your order is now closed.

Pending Orders

There are 4 pending order types to choose from in MT4 (Buy Limit, Sell Limit, Buy Stop, and Sell Stop). To close a position you can use Stop Loss and Take Profit.

To place:

  1. Similar to the instructions for market order, you will first need to locate the New Order window.

  2. Once located, select the Symbol you want to trade in, set your Volume and click on Type to select Pending Order from the dropdown menu.

  3. An extra Pending Order section will open up. Under Type, select your desired pending order. Set your desired Price and Expiry date if you wish.

  4. You may also set up TP and SL.

  5. Click Place to set up your pending order.

Note that if you choose an expiry date that falls during a weekend, your order will expire before the market closes at the end of the current week.

To modify/delete a pending order, follow these steps:

  1. Right click on the pending order in the Trade tab of the Terminal section.

  2. Click Modify/Delete.

  3. If you want to modify, the fields available for modification are Price, SL, TP and Expiration. Once done, click Modify.

  4. If you want to delete your pending order, simply click on the Delete option

Note: Please follow Stop Levels when setting up Pending orders (including SL and TP).


Exness Bangladesh, Largest Forex Trading Service Provider in Bangladesh. We are trying to educate newbies those are interested in Forex Trading so that they can make themselves professional. Exness provides traders with financial services and investment solutions that are tailored according to the needs of its clients.

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