Knowledgebase

Lost your MetaTrader password?

If you cannot locate your MetaTrader password, it should have been sent to you by email when your account was opened—search your inbox using your trading account number. To have your trading account password changed or reset, log in to the ABF Trade client area and submit a support ticket from the Support section. The Create ticket form is shown below:

Why your take profit / stop loss did not trigger on the chart price

If you have ever noticed the take profit or stop loss you set wasn’t triggered when watching the chart price or candle touch the TP / SL line, then you may be interested to know there is a simple explanation why. In fact, a lot of MetaTrader users experience this on sell orders and they often think there is a technical issue with the platform. In this article we are going to explain exactly how the platform works and help you ensure you know when your stop will be hit when monitoring the chart.

Trade calculations in MT4

As most readers will know MetaTrader4 is the by far the most popular retail trading application period. It is ultimately user-friendly and feature-rich but those familiar with other trading platforms might notice the MT4 new order window is basic and missing some key information that is often present in other platforms. Before you open a trade some other platforms will show you how much margin you need to open the position and how much profit you will make per pip/point, which is critical information. This is especially important if you are working to a profit target in currency (opposed to a point target) or if you need to know how much loss in pips/points you can sustain before your account is stopped out. Traders might also want to know details of other information that isn’t typically present in the new order window of any platform, such as any swaps that apply to their trades on a daily basis, what night the typical 3 night swap will be charged (to compensate for the weekend) or how margin is calculated when a position is hedged.

Using MQL5 signals service

One of the most common things we find is that there is a great demand for people with available funds that want to trade but do not proceed as they know trading is difficult and they simply do not have the time or determination to learn how to trade properly. Consequently they often search for individuals who can trade on their account for a share of the profit. As you can imagine this is quite a risky proposition and it is prudent for clients to assess the money manager’s track record before trusting them with quite often thousands of dollars. Some money managers are great and do deliver but just as many do not. In addition in many jurisdictions around the world money managers need to hold portfolio management licenses and due to high cost and reporting barriers most do not have such as license.

Choosing the best data centre in MT4

Depending on a broker’s MT4 infrastructure it may be possible to connect to your broker from a list of different data centers. This option exists if your broker uses the MetaTrader 4 Data Center component, which connects traders to a broker’s main server via a set of Proxy Servers. This has three notable benefits. The first is that a client connected to a data center closer to the trader than the main MT4 server is likely to have an improved network connection as the data center and the main MT4 server are often cross-connected or connected via the Internet backbone. That means the final part of the data’s journey is often improved when compared to a long distance connection directly to the MT4 server. The second is that the MT4 server becomes more capable of handling more simultaneous users, which can provide more capacity during peak trading times. The final benefit worth mentioning is that the MT4 server has an additional layer of protection and is more resilient to network attacks and hacking.

Setting up email alerts in MT4

MT4 has a great Alerts system built in that notifies traders when pricing of symbols reach selected levels. Those Alerts can be audible, an on-screen notification or sent by email. For the purposes of this white paper we are going to look at how email Alerts can be setup as we feel they can really help traders stay on top of things when running MT4 from a VPS or unattended machine.