9. Cómo Usar MetaTrader 4 de Forma Correcta | Tutorial MT4
El Sensei
7 min, 49 sec
A detailed walkthrough on how to use the MetaTrader mobile application for trading, including setting up trades, understanding the interface, and utilizing a separate application, Stinu, for calculating risk and lot size.
Summary
- The video introduces MetaTrader as a mobile trading platform that links to a broker for currency exchange.
- It explains how to find and select currency pairs, read charts, set take profit (TP) and stop loss (SL) levels, and understand the trade and history tabs.
- The video provides a step-by-step guide on setting up a trade, including determining lot size, TP, and SL.
- It also covers the account balance information, how to manually close trades, and the importance of monitoring the margin percentage.
- Lastly, it introduces the Stinu application used for calculating the appropriate lot size based on account balance and risk management.
Chapter 1

Introduction to the MetaTrader mobile app and its connection to a broker for trading.
- MetaTrader is introduced as a mobile application for trading.
- The app is linked with a broker where money is deposited.
- MetaTrader allows users to open trading operations and instruct the broker to exchange currencies.

Chapter 2

Understanding how to navigate and select currency pairs in MetaTrader.
- A list of currency pairs is available on the left side of the app.
- If a desired pair is not visible, a search function allows users to find and add it to the list.
- The chart view shows a graph with a green line indicating where a sale was made.

Chapter 3

How to set Take Profit (TP) and Stop Loss (SL) levels on the trading chart.
- The green line on the chart represents where a sale was made.
- TP is set where the trade will close automatically with a gain if the chart hits that point.
- SL is set to automatically close the trade with a loss if the chart hits the upper red line.

Chapter 4

Instructions on how to place a trade in MetaTrader.
- The trade option shows where to press 'plus' to add a new trade.
- Users can select the currency pair and set the lot size, which determines the amount invested per trade.
- Stop Loss and Take Profit prices are set to define where the trade will close automatically with losses or gains.

Chapter 5

Explaining the features of the History tab in MetaTrader.
- The History tab showcases all transactions, both profits and losses.
- Users can filter the transaction history by month, week or a custom date range.
- Profit shows the earnings, and if it's negative, it indicates no gains yet.

Chapter 6

Details about account balance and managing open trades in MetaTrader.
- The Trade section also shows open operations and allows for manual closure.
- Balance indicates the total funds in the account, while equity shows funds relative to gains or losses.
- Margin available for new investments and free margin for additional operations are displayed.

Chapter 7

How to use the Stinu application to calculate lot size for each trade.
- Stinu helps calculate the lot size to open per trade based on the account balance.
- Users input the account balance, desired risk percentage, and stop loss in pips.
- The app then suggests the lot size to use and the potential profit/loss margin.

More El Sensei summaries

Mis Alumnos Han Generado 7,500,000 U$ con Trading
El Sensei
The video celebrates the milestone of Sensei's students withdrawing over $7.5 million in trading profits in 2023.

10. Introducción al análisis Técnico en Forex
El Sensei
The video introduces the concept of technical analysis on the TradingView platform, explaining how to navigate and use the tools provided.

24. Simplifica tus Soportes y Resistencias en Forex
El Sensei
The video provides an advanced approach to setting up support and resistance levels in trading charts.

27. Fibonacci bajista y cómo utilizarlo a tu favor en Forex
El Sensei
The video explains the process of placing a bearish Fibonacci retracement in a downtrend market, using specific examples.

31. Cómo utilizar las EMA en el Análisis Técnico de Forex
El Sensei
The video explains the use of Exponential Moving Average (EMA) indicators for technical analysis in trading.