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.
In case you have installed multiple MetaTrader 4 versions on your system, you can find the correct installation folder manually with the Find MetaTrader button.
Follow instructions until the installation finishes, then start MetaTrader 4 again.
At this point in time, MT4 Supreme Edition functionality is only compatible with Windows.
To open the mini terminal, you:
Note that you can only run one EA per chart in MT4. If an EA is already running on a chart, then adding the mini terminal will replace the existing EA.
To run both the mini terminal and another EA, simply open more than one chart.
Once the mini terminal is running, you can place buy and sell orders using the large Buy and Sell buttons.
You’ll want to place buy orders if you expect rates to go up, or sell orders if they’re expected to decline.
MT4 will show the usual dotted horizontal lines on the chart for each order, such as entry point, stop-loss and take-profit if applicable.
The status indicator at the top of the mini terminal will show your current net position, e.g. +0.10 if you are long 0.1 lots, or -0.10 if you are short 0.1 lots.
The current spread is displayed as the number between the Buy and Sell buttons.
You can control the amount of lots for new orders and set a stop-loss (S/L), take-profit (T/P) or trailing stop (T/S) directly when placing the initial order. You do this via the input fields above the Buy and Sell buttons.
You can open a calculator for every one of these fields, by holding down the ctrl-key and left-clicking the respective field. For example:
If an exact calculation is not 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.
By clicking on Tools button, you can access additional functionalities of the mini terminal.
The margin calculator allows margin calculations in real time for new trades. These incorporate running orders currently charging your account.
Check whether the desired order size suits your account and whether it fulfills the margin requirements.
You can place pending orders (limits and stops) by clicking on button
It is possible to choose the order type, entry point, stop-loss and take-profit etc.
The entry point for pending orders can be defined either as a fix rate (e.g. 1.2351), or as a number of pips. For example:
You can also create pending orders from the chart.
If you ctrl+click on the chart, a small window will pop up - letting you create a pending order at the selected price.
If the price you decide for is above the current price, then you can create a buy stop or a sell limit.
If the selected price is below the current one, then you can create a buy limit or a sell stop.
You can use the crosshairs in the MT4 menu bar or the middle mouse button to conveniently mark the precise, desired prices or rates.
You can find OCO orders by clicking on button and selecting OCO orders from the drop down Order type menu.
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 re-use in the future. 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:
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 trade mini terminal’s various settings, extensions and pre-sets.
You can change the S/L or T/P of an order by dragging its marker, using the handle at the right-hand end of the marker.
It’s also possible to drag the entry price of pending orders, but you cannot move the entry price of open positions.
If you drag a marker to an invalid level (e.g. you drag a S/L to the other side of the current market price), you will be asked whether you want to close the order.
You can cancel a drag in progress by pressing the Esc key. By clicking on one of the labels, you open a new window with additional info and further order options.
You can change the S/L or T/P on all open orders by clicking on the chart. Move the mouse over the price where you want to set the S/L or T/P (use the MT4 crosshairs for precise targeting), and then ctrl+click. This is the same method as for placing a pending order.
From the window that pops up, you then click on the S/L or T/P buttons and the S/L or T/P will automatically move to the new price selected.
You can use smart lines to place multiple stops, take-profits or simple partial close commands. Every type of line in the MT4 software offers you several options:
Different types of lines can be combined.
After confirmation, the line changes colour to orange and the SL or TP is automatically set.
As soon as the price crosses the line, your closing commands are executed.
It is possible to partially close orders. You have three different options to do this.
Under Advanced, you can use additional settings to further increase your trading effectiveness, including:
Note that for smart lines to function correctly, the MetaTrader software needs to remain opened.
Furthermore, the smart lines data is saved locally. This means that you will not see the lines if you access the same account on a different PC. If the MetaTrader software is closed, no S/L, T/P or trailing stops will be executed.
You can open a pop-up window for each order by clicking on its marker on the chart.
This window will display how close the S/L and T/P are to being hit (e.g. for long orders, the distance from the current bid price to the S/L). It will also show the cash effect on the balance if the S/L or T/P is hit.
The profit or loss of the current order are displayed in the top-right corner. By clicking on this number, you can adjust it to optionally show pips or currency.
The red Close order button is used to close orders. Furthermore, you can adjust the S/L, T/P or trailing stop via the respective input field in this dialog.
Additionally, you can partially close an order via clicking on Partial close.
To adjust the settings of your mini terminal:
This way, you can disable the confirmation dialog for opening and closing orders (i.e. enable one-click-trading) and activate or deactivate hedging.
By default, the mini terminal follows normal MT4 behaviour and lets you have buy and sell orders open at the same time. If you turn on non-hedging mode, buy orders will close sell orders and vice versa. For example:
Usually, disabling hedging mode speeds up the process of closing orders. For example:
If hedging is set to active, new sell orders will be opened - leaving you with five DAX30 contracts long and five DAX30 contracts short instead.
Deactivating hedging allows you to quickly execute partial order closing as well.
Furthermore, the displayed menu allows you to set sound notifications for certain events. Choose a sound and set it to one of the following events:
The Test button allows you to list play-back the chosen sound.
Make sure to save your settings, or they will be discarded.
You can view a list of automated tasks that mini terminal can independently execute at any given time. This list contains every trailing stop and every OCO order and can be accessed by:
This allows you to trade from multiple monitors at the same time.
You can undock the mini terminal into a floating window by:
You can continue to trade while the terminal is undocked from its chart.
To re-dock the terminal:
When activating the mini terminal, you can determine whether it should be set to Always in foreground.
When you enable this function, the mini terminal will remain visible even if you open new windows. This is especially useful if you want to utilise tick charts in MT4. However, this function is disabled by default. To enable it, tick the Detached Topmost option in the Inputs tab of your mini terminal initialisation dialog to true.
Tick charts in MT4 and several other functions work on EA technology. MT4 allows charts to have one active EA thread only.
If you want to use tick charts and the mini terminal at the same time, open another MT4 chart and start up mini terminal there. It is possible to use both for the same currency pair.
You can detach the chart from MetaTrader 4, e.g. to move it to a different screen. To do this:
The chart will then be detached from MetaTrader 4, allowing you to move it freely.
To revert this setting, you repeat the steps for undocking it and then choose Re-dock chart.
Trading simulator allows you to manually test your trading strategies based on historical data and analyse the results. To access trading simulator, use the con or press Ctrl+R.
The trading is handled via the Mini Terminal interface.
Open the strategy tester by clicking on the icon or pressing Ctrl+R. Choose the expert advisor titled Admiral – Trading Simulator.ex4, then set your trading instrument and a time-frame.
If you do not know which testing model to use specifically, choose Open Prices only. Other settings should only be used by experienced users.
Next, choose your preferred time window. Make sure that enough historical data exists for the this period. Additionally, enable visual mode.
To make the simulation more authentic, adjust the initial account balance in the EA options to match your live account.
Click the Start button once all settings are properly adjusted to start the simulation.
A new chart will then open. At first, the test is paused so you have enough time to customise the chart visually to your liking. You can change chart colours and add indicators to the chart as usual.
You can save and load templates for specific strategies, indicators and color customisations you frequently use to save some time. Simply load your template after clicking the Start test button to apply it before unpausing the actual process.
Once everything is set-up properly, click the >> button to un-pause and start the simulation.
The test will start running as soon as you hit the >> button. Use the slider in the strategy tester interface to adjust the speed or pause the chart entirely if you so desire.
Trading in the trading simulator works like described earlier in the manual. You have access to all trading functionalities the Mini Terminal offers you in a regular MT4-chart, such as the trading calculator or smart lines.
Once you are done testing, use the Stop button in the strategy tester interface. The Mini Terminal in your trading simulator will then display the results of your test.
The menu tabs of the strategy tab offer an additional overview and comprehensive statistics for all trades done during the test. This allows you to analyse and evaluate your strategy.
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.