If you dont have an account please register using the following link: 

 

 

In order to open the WebTrader click on the following link:

Start Trading Now

Please pay attention; WebTrader will be opened in a new window.

If you already have an existing account, enter the Login and Password you received from us by E-mail and enter the following credentials as is shown in the picture below.

The Market Watch Window:

The "Market Watch" window can be activated by using the View > Market Watch menu sequence or by clicking the button from the "Standard" toolbar:

Right click the mouse button on the "Market Watch" window to produce the context menu:

                                               

 New Order – enables the window to open/close a position or to place a new pending order.

Chart Window – enables the chart of a currency pair or CFD.

Specification – Provides you with a variety of preferences you are currently trading with.

Hide – deletes the specified symbol from the list in the "Market Watch" window.

Hide All – deletes all symbols from the list in the "Market Watch" window which are not used (if you have open positions or charts, its symbols will not be deleted).

Show All – displays all available symbols in the "Market Watch" window.

Symbols – enables the window where you can hide/show the selected instruments.

Columns –    Spread – The difference between two prices or interest rates.

• High/Low – shows/hides columns with the highest and lowest prices for each instrument.
• Time -  displays a column with the arrival time of the latest quote for each instrument;

           In MetaTrader 4, you can see as many real time charts as you wish, all on one screen, for any currency pair and for any time period. The following types of charts are available in MetaTrader 4:

Line Chart. Chart x-axis is for the different time periods (minutes, hours, days, months etc.), and y-axis is for the price. The point on the chart shows the close price for the period, i.e. the bid of the last quote for this period. All the sequential points are joined by lines:

 

It is recommended that this chart type is used only for the short time periods (up to 5 minutes). In order to change the chart to a line chart, press the   button on the Charts toolbar:

or use the Charts -> Line Chart menu sequence

Bar Chart. The chart is created with the use of bars. Each bar has a high (top), a low (bottom), an opening price (left horizontal little line) and a closing price (right horizontal little line) for the specified period of time (for example, an hour):

 

 

It is recommended that you use this chart type for periods of 5 minutes or more. In order to change the chart to a bar chart press the  button on the "Charts" toolbar.

or use the Charts -> Bar Chart menu sequence.

Candlesticks: These charts are created in the same way as bar charts:

 

Candlesticks charts were very popular in the 80-90s because of their clear graphics. 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.

Candlesticks have different configurations compared to bar charts. The rectangular part of the candlestick line is called the real body. The thin vertical lines above and below the body are called shadows. They show 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. When the body is white, the closing price is higher than the opening level. When the body is black, the closing price is lower than the opening level.

 

In order to create a candle chart press the button on the "Charts" toolbar:

or use the Charts -> Candlesticks menu sequence.

In MetaTrader 4 both the bar and candle high is the highest Bid price for the defined period, the low is the lowest Bid price, the closing price is the last quoted Bid, the opening price is the first quoted Bid.

                                           

 

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.

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 "TimeFrame" toolbar:

 

Right click anywhere on the chart to produce the context menu to get access to the chart settings:

 

                                            

Properties… (or the F8 button) enables the window where you can change chart settings, by selecting the "Color" tab you can change the color of any element on the chart:

 

Open a position:

In order to enable the "Order" window 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 -> New order menu sequence; or right click on the chart window and select:

 Trading -> New Order from the context menu; or double click on the currency pair in the "Market Watch" window.

The "Order" window:

In MetaTrader 4 there are two ways of making deals: "Instant Execution" and "Pending Order".

Instant Execution means you do not have to request quotes, and you will enter the market immediately. Once you have decided to buy or sell at the current price press the Buy or Sell buttons to open a long or short position.

Before you enter the market you can change the details in the "Order" window:

                    Symbol - a currency pair.

                    Volume - number of lots.

                    Stop Loss - the level of Stop Loss order.

                   Take Profit - the level of Take Profit order.

                  Comment - any notes (that will show up in your report).

Close a position:

 In order to close a position, highlight the trade in the "Trade" tab of the "Terminal" window and right click to obtain the context menu:

 

Then select Close order. Double clicking on the open position in the "Trade" tab of the "Terminal" window will have the same result. The “Order #” window appears and you click the Yellow Close bar.

Place/Modify/delete Stop Loss & Take Profit Orders

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

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 the outcome.

Take Profit and Stop Loss orders will be executed automatically as soon as the price reaches the order level (see below).

You can place Stop Loss and Take Profit at the time of making a deal filling in the "Stop Loss" and "Take Profit"  fields in the "Order" window:

Afterwards in order to modify Stop Loss and Take Profit levels use the context menu:

   Afterwards in order to modify Stop Loss and Take Profit levels use the context menu:

“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 Stop - an order to open a Buy position at a price higher than the price at the moment of placing the order.

Sell Stop - an order to open a Sell position at a price lower than the price at the moment of placing the order.

Buy Limit  - an order to open a Buy position at a lower price than the price at the moment of placing the order.

Sell Limit - an order to open a Sell position at a price higher than the price at the moment of placing the order.

 

In order to place a pending order, open the "Order" window by any way described below:

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 use the Tools -> New order menu sequence;

Or right click on the chart window and select Trading -> New Order from the context menu.

Or double click on the currency pair in the "Market Watch" window.

Then choose the Pending order item from the drop down;

 

 

The following options may be changed in this window as well:

Symbol - currency pair; 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 which 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 moment specified in the box.

Once the Place order button is pressed it appears in the "Trade" tab of the "Terminal" window.