MetaTrader 4 Keyboard Shortcuts

I have been helping a lot of customer install, setup and use MetaTrader 4 recently and although its not our preferred platform it defiantly has a place in the trade world for beginners or someone who wishes to have a minimal cost setup. I would even go as far as to say that its a good platform for automated order execution.

I have written this list of my top 10 shortcut keys int MetaTrader 4 that I think are very handy and can defiantly speed up using the platform and make it less of a drag! Like anything if you learn to use your tools properly the rest will come easy…. In theory ?

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Left Arrow — chart scrolling to the left.
Right Arrow — chart scrolling to the right.
Page Up — fast chart scrolling to the left.
Page Down — fast chart scrolling to the right.
F12 — move the chart by one bar to the left.
Shift+F12 — move the chart by one bar to the right.
Ctrl+P — print the chart.
F11 — enable/disable the full screen mode. – This one is great for MetaTrader 4 as it can look a bit clunky sometimes
Ctrl+I — call the “Indicators List” window. – Dealing with indicators all day long this has become my favourite!
Ctrl+N — open/close the “Navigator” window. – Navigator is a handy little tool in MetaTrader 4 but can take up a lot of room so this shortcut can save time.

Above are my top 10 but I have included all the others i know exist in MetaTrader 4 below.

Numpad 5 — restoring of automatic chart vertical scale after its being changed. If the scale was defined, this hot key will return the chart into the visible range.
Home — move the chart to the start point.
End — move the chart to the end point.
“-“ — chart zoom out.
“+” — chart zoom in.
Delete — delete all selected graphical objects.
Backspace — delete the latest objects imposed into the chart window.
Enter — open/close fast navigation window.
Esc — close the dialog window.
F1 — open this “Userguide”.
F2 — open the “History Center” window.
F3 — open the “Global Variables” window.
F4 — download MetaEditor.
F5 — switch to the next profile.
F6 — call the “Tester” window for testing the expert attached to the chart window.
F7 — call the properties window of the expert attached to their chart window in order to change settings.
F8 — call the chart setup window.
F9 — call the “New Order” window.
F10 — open the “Popup prices” window.
Shift+F5 — switch to the previous profile.
Alt+1 — display the chart as a sequence of bars (transform into bar chart).
Alt+2 — display the chart as a sequence of candlesticks (transform into candlesticks).
Alt+3 — display the chart as a broken line (transform into line chart).
Alt+A — copy all test/optimization results into the clipboard.
Alt+W — call the chart managing window.
Alt+F4 — close the client terminal.
Ctrl+Z — undo object deletion.
Ctrl+A — arrange all indicator windows heights by default.
Ctrl+B — call the “Objects List” window.
Ctrl+C — copy to the clipboard.
Ctrl+E — enable/disable expert advisor.
Ctrl+F — enable “Crosshair”.
Ctrl+G — show/hide grid.
Ctrl+H — show/hide OHLC line.
Ctrl+L — show/hide volumes.
Ctrl+S — save the chart in a file having extensions: “CSV”, “PRN”, “HTM”.
Ctrl+W — close the chart window.
Ctrl+Y— show/hide period separators.
Ctrl+D — open/close the “Data Window”.
Ctrl+M — open/close the “Market Watch” window.
Ctrl+O — open the “Setup” window.
Ctrl+R — open/close the “Tester” window.
Ctrl+T — open/close the “Terminal” window.
Ctrl+F6 — activate the next chart window.
Ctrl+F9 — open the “Terminal — Trade” window and switch the focus into it. After this, the trading activities can be managed with keyboard.

I hope this helps you speed up in getting around MetaTrader 4.

The Awesome and Acc/Dec Indicator are an interesting pair that are normally used together.

Awesome Oscillator

Despite the cool name, the Awesome Oscillator is a very simple indicator.  As I set out in the video below, it is actually just a moving average crossover.  It has fixed settings of 5 and 34 and uses the average price calculated by the (High+Low) / 2.  The indicator looks similar to the MACD but it slightly slower.  The green and red colours used in the Awesome Oscillator are a nice touch and are useful for quickly identifying changes in direction.

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Accelerator/Decelerator Indicator

The Acc/Dec Indicator measures the momentum of the Awesome Oscillator.  This is useful because it shows us whether price momentum is speeding up or slowing down.  Like the Awesome Oscillator it uses green and red bars to show whether it is rising or falling.

How to Trade Using the Awesome Oscillator and Acc/Dec Indicator

In his book, New Trading Dimensions, Bill Williams sets out his method of trading using these two indicators.

Awesome Oscillator

Awesome Oscillator buy signals are created when the indicator:

1. Crosses from below 0 to above 0
2. When the oscillator is above the 0 line.  The oscillator changes from green (upward movement) to red (downward movement) and back to green again.
3. When the oscillator is below the 0 line.  The oscillator makes a higher low and turns from red to green.

Awesome Oscillator selling signals are created when the above buy signals are reversed.

Accelerator/Decelerator Indicator

Acc/Dec Indicator buy signals are created when the indicator:

1. When the indicator is above the 0 line.  The indicator changes from red to green and then has two consecutive green bars.
2. When the indicator is below the 0 line.  The indicator changes from red to green and has three consecutive green bars.

The Acc/Dec indicator sell signals are created when the above buy signals are reversed.

Putting it Together

The next part of Bill William’s trading method is the most interesting to me.  He recommends trading aggressively when the market is moving in your favour.

If you have entered a long position based on one of the indicators and the next time period shows both the AO and AC green and also the market has closed higher then you should add to the position.  If the following time period also has a green AO, green AC and higher close then you should again add to the position.  This process should be continued up to a maximum of five positions.

I like this method because it forces us to be brave when most peoples instinct is to close out the position to protect the profit gained.

The trading strategy of adding to a winning position is the method used by Jesse Livermore in the excellent book, Reminiscences of a Stock Operator.  This mindset is summed up in the following quote:

Source = https://www.tradinformed.com/how-to-trade-and-calculate-awesome-oscillator-acc-dec-indicator/

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