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5. Terminal Window

Terminal window consists of several tabs. Each tab shows you valuable information. Here is a list of those tabs and what they have to offer you.

Trade: This tab shows you your open and pending trades. It also gives you the ability to manage these trades. For example you can right-click on a trade and either Modify its settings or close it. You also see valuable information about your account such as your account balance, your equity, and much more. The following image shows a sample Trade tab inside the Terminal window. If you click on the title of each column MT4 sorts the list based on that column.

(click image to enlarge)

Account History: Shows you a list of closed or cancelled trades. You can create a history of your trades. Right-click in the tab area and either select "Save As Report" or "Save As Detailed Report". MT4 prompts you for the name and location of the report file. The report file is in HTML format. The following image shows the Account History tab.

(click image to enlarge)

News: Shows the latest news published by your broker. Depending on the broker this section could be disabled. They usually get the news from an agency and then report it here. You only see the headlines. To see more details about each headline you need to double-click on it.

Alerts: You can build trading alerts in this tab. To create an alert right-click in the tab area and fill out the dialog box. See the following image.

(click image to enlarge)

Mailbox: This tab is similar to a communication centre. The broker sends messages to their customers through this tab. For example they may post messages about early closure of the market here.

Experts: If you use Expert Advisors to trade automatically or monitor the market movements you see messages about them in this tab. For example you could see error messages or messages about requesting a new trade or modifying and existing one by your active Expert Advisors.

Journal: This tab resembles a log file. It reports issues related to MT4 and your activity. For example a failed login, changes to a trade, and so on. You might like to know that MT4 also creates some log files based on these reports.