CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
In this manual, you will find installation and usage instructions for MT4 Supreme Edition. Installation process and usage is the same in new MT5 Supreme Edition. Simply apply the instructions described in your MetaTrader 5 Supreme Edition accordingly.
Download MT4 Supreme Edition and make sure MetaTrader 4 is closed during the installation process.
To initiate the trade terminal, open a chart for any symbol in MetaTrader 4 (MT4) software. Then add the expert advisor (EA) Admiral Trade Terminal, to the chart. Now either:
Note that you can only run one EA per chart in MT4. If an EA is already running on a chart, adding the trade terminal will replace the existing EA. To run both the trade terminal and another EA, simply open more than one chart.
Trading terminal completely occupies a full chart window. To prevent losing customisations and settings you may have made on your current chart, make sure to open a new one to run the trade terminal in.
The trade terminal consists of three components:
You can hide the account info and order list by clicking the respective double arrows in their title bars. This gives maximum space to the market watch. You can also manually adjust the size of those three windows to optimise spacing for your individual purposes. To do so, click on the frame separating two windows and drag it accordingly.
The trade terminal shows all activity on a trader’s account, not just orders placed using the trade terminal itself. For example, if you are running an automated system or manually place trades using MT4’s own built-in features - this activity will be displayed in the trade terminal’s account summary and order list.
The market watch displays a trading widget like mini terminal for each symbol. Each one of these behaves in a very similar way to the on-chart mini terminal, which is described in a separate manual.
The symbols in the trade terminal’s market watch, synchronise with MT4’s own market watch. In other words, to add or remove symbols from the trade terminal - you add or remove them from the MT4 market watch. The trade terminal will then synchronise its list within a few seconds.
Note that the speed and processor usage of trade terminal depends on the number of symbols being displayed. Excessive processor usage can cause delays for order placement or closing input.
You can place a buy or sell order for each symbol on the market watch using the Buy and Sell buttons. The status indicator at the top of each widget shows your current net position for that symbol, e.g. +0.10 if you are long 0.1 lots, or -0.10 if you are short 0.1 lots.
You can control the lot size on new orders, set a stop-loss, take-profit or trailing stop - by using the fields above the Buy and Sell buttons.
You can open a trade calculator for each of these fields, by holding down the ctrl-key and left-click the respective field.
If an exact calculation isn’t possible due to trade size restrictions (e.g. exclusively full lots for CFDs), the system will round down approximately.
The calculator provides information about the margin requirements of your new order, if you ctrl+click the lot field.
You can place pending orders (limits and stops) by clicking on button and choosing New order. It is possible to choose the order type and entry price, stop-loss, take-profit etc.
The entry price for pending orders can be defined either as a fixed price (e.g. 1.2351), or as a number of pips. For example:
The new order form (accessible via button), also allows you to place OCO orders. There are two types of OCO orders.
If you find yourself using a specific type of order regularly (e.g. a buy limit 20 pips below the current price, with a 100-pip S/L and T/P), you can save this as a template for quick future re-use. Simply:
You can then quickly execute the saved template in the future by:
Note that the program will not request further confirmation if you place orders this way.
To close an open position, click on the position marker at the top of the mini terminal (the text reading +0.10, -0.50 etc) and slide open a panel of options.
The panel shows the profitability of your order in cash and pips. The price below the profit in pips, is the position’s average entry price if there is more than one open order.
Here you can opt to close all the symbol’s open orders (all winning or losing trades), or to hedge or reverse the open position.
MT4 has numerous innovative features for closing orders, including:
You can close individual orders with the regular MT4 window, or use the new mini terminal’s various settings, extensions and pre-sets.
You can view symbol information by clicking on button and choosing Symbol information. This opens a window showing the minimum price movement for the symbol, plus the minimum and maximum trade sizes etc.
You can open a new chart window, by clicking on button and choosing New chart.
The account summary shows key information about your account - like balance, equity, floating P/L, free margin and number of open positions.
You can set an alarm on any entry, by clicking on the bell icon next to it. For example, you can ask for an alarm when:
Alarms are displayed as pop-up alerts in MT4 and can also be sent to you by email.
When an alarm is created, the colour of the bell icon changes to yellow. If an alarm is then subsequently triggered, the colour changes to red.
You set an alert by specifying a threshold (e.g. 1000) and choosing whether the alert should go off when the value:
Alerts can be set to turn-off after they have been triggered, or they can be set to repeat. A repeat period tells the terminal to ignore the alert for a certain number of minutes.
You can get an optional email notification when an alert is triggered i.e. additional to having the standard alert pop up on screen. To receive an email, you need to turn on MT4’s email settings, which you can configure using MT4’s main menu - Tools > Options > Email.
You can configure two specific actions to take place when an alert is triggered.
The order list displays all open positions plus pending orders on your account and provides the tools for managing those orders. It replicates the information from MT4’s own order list and includes some extra details like trade duration and profitability in pips.
If the icon next to an order changes to , it indicates that the trade terminal is carrying out automated actions on the order e.g.
You can check which actions are being processed, by clicking on the icon and choosing Tasks in progress.
You can sort the order list by any of its columns. Simply click on a header such as Ticket, to sort in ascending order. Or click again to sort in descending order.
You may also re-arrange columns in the list by dragging the headers. Just press and hold down the left mouse button on a header, then drag the mouse pointer to the new location where you want the column.
Additionally, you can show / hide columns, by clicking on the arrow next to a column and choosing which one to show or hide in the column menu.
You can close an open position or delete a pending order, by clicking on button next to it.
The Close option on the toolbar above the order list, contains several options for closing multiple orders, including:
You can carry out a number of actions on orders including partial close, change S/L and set a trailing stop.
To access these functions:
You can select several orders from the list to carry out specific actions on just the selected orders. The order list follows the standard behaviour for Windows applications.
Once you have selected some entries in the order list, you can use the Selected orders option in the Tools menu. This function is disabled if there are currently no orders selected.
The values for stop-losses and profit targets are specified in pips, though the S/L and T/P can also be set to break-even i.e. the order’s entry price.
A partial close cannot always be processed exactly. For example, you cannot do an exact 50% partial close of an order for 0.03 lots, because 0.015 lots is not a permitted size. Partial closes always round down to the nearest lot size permitted by your broker.
Please note that trailing stops are processed by the trade terminal software, not your broker. The trailing stop will cease operating if you close the trade terminal (or MT4).
You can also open a pop-up window for each order by clicking on its ticket number or by clicking on the icon and choosing Edit.
The pop-up window shows:
The current profit for the order is shown in the top-right of the window. It can be switched between cash and pips display by clicking on it.
You can close the order using the red button and change the S/L, T/P or trailing stop by clicking on the respective options.
Automated closing lets you define rules for exiting an open position. These can consist of multiple parts (e.g. scaling out of a position when profit thresholds are met) and can include visual plus email alerts. Automated closing can also be saved as a template for quick re-use in the future.
Note that automated closes are processed by the trade terminal software, not your broker. They will cease operating if you close the trade terminal or MT4.
You can create an automated close and run an existing one, by choosing:
At the top of the Automated close form, you choose the threshold when this rule is applied.
You select the criterion - such as the order’s profit in pips or duration and the value for the threshold. For example, to carry out an action once an order has been open for an hour - you choose Order duration, greater or equal to and enter the value of 60.
For every closing condition you set, you can define a number of actions such as closing part or all of the order, setting a stop-loss or trailing stop, or sending an alert by email. Simply tick the box next to each action you want to be carried out and fill in the corresponding fields, such as the percentage of the order to close.
Please note that the percentage of an order to close, is specified in relation to its original size - not the current size following any previous partial closes.
Once you have defined an automated close, you can save it as a template by clicking on Save template button. In the future, a saved template can be applied to an order by:
You can organise your list of saved automated close templates and remove any you need no longer, by choosing Manage templates from the sub-menu.
Note that the program will not request further confirmation, if you place orders this way.
Automated close templates are saved locally on your PC. This means that if you want to use MetaTrader 4 Supreme Edition on a different PC, you will have to:
The trade terminal lets you create an OCO group of pending orders – where all the remaining orders are automatically discarded, when one of the orders is filled.
An OCO order is simply an OCA group, where there are only two orders in the group.
Please note that OCA groups are processed by the trade terminal software, not your broker. They will cease operating if you close the trade terminal or MT4.
You create an OCA group by choosing Create OCA group from the OCA menu. This option is only available if you have at least two pending orders. Simply choose a memorable name for the group and tick the pending orders you want to include in it.
A single order can belong to multiple OCA groups and orders in a group can be for different symbols. You can delete an OCA group by choosing Delete OCA group from the OCA menu. Note that this does not delete the pending orders - just prevents the trade terminal from running the OCA rule on those orders.
You can view summaries of your open positions (e.g. by symbol, direction, duration etc.), using the Summary menu on the toolbar above the order list. This opens a floating window, containing aggregated information about the orders such as:
You can carry out actions on all the orders in one category, by clicking on its icon
You can control the settings for the trade terminal (and subsequently all copies of the on-chart mini terminal), by choosing Confirmations and preferences from the Settings menu (in the toolbar above the order list).
There are several options available:
Usually, the deactivated hedging can be used to close orders faster. Clicking on the interface button representing the order type currently not open, allows the user to close or partially close the open order. If hedging was activated, it would merely open new orders.
Furthermore, the displayed menu allows you to set sound notifications for certain events. Choose a sound and set it to an event, including:
The Test button allows you to play-back the chosen sound.
Make sure to save your settings, or they will be discarded.
This allows you to trade from multiple monitors at the same time.
You can undock the trade terminal into a floating window, by clicking on Settings button and choosing Undock terminal. You can continue to trade while the terminal is undocked from its chart. To re-dock the terminal, click Tools button again and choose Re-dock terminal.
Alternatively, you can change this setting when activating the trade terminal. To do this, change into the Inputs tab and setting UndockAtStartup to true.
Please note that these add-ons are provided free of charge by an external, technical service provider, based on the Expert Advisor technology in the MT4 & MT5. As with all expert advisors (EA) plugins, these are only active when your MetaTrader has established connection to the internet and our servers. Although EA`s have been thoroughly tested and their technical reliability should be sufficient, malfunction can never be fully ruled out. Make sure you fully understand the functionality of all add-ins and extensions, e.g. by practicing their use extensively on a demo account. You should acknowledge before using EA`s that Admiral Markets is not liable for loss or other damage caused by your use of the EA`s.