Desktop MT4 and MT5 platforms offer traders the ability to easily customize the look and feel of their trading environment, including the ability to adjust candlestick colors. Changing the color of your candlesticks can significantly impact your trading performance as it allows you better to recognize patterns, trends, and other visual cues. Additionally, making your chart more aesthetically pleasing can add to your overall trading experience. This article will explain how to change candlestick colors on desktop MT4 and MT5 platforms.

On desktop MT4, changing the color of your candlesticks is a simple process that only takes a few seconds.

How to Change Candlestick Colors on Desktop MT4 and MT5 Platforms?

To change chart colors in MT4 or MT5:

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• Open the chart (Insert new chart)
• Right Mouse click or press F8 and select “Properties.”
• Choose Colors Tab

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To change candlesticks colors on the desktop Metatrader platform, you need to open up your chart window by clicking on the “Chart” icon at the top-left corner of your screen. Once there, right-click anywhere on your chart window and select “Properties” from the drop-down menu that appears. A new window should appear with several tabs at the top; locate the “Colors” tab and click it.

From here, you can customize individual bars’ color settings such as up bars, down bars, neutral bars, or all bars combined. You can also choose to have either line or bar-style candlesticks by selecting either the “Bar Chart” or “Line Chart” option under the “Type” section located directly below each color setting section.

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On the desktop MT5 platform, things are just a bit different than for MT4 because this platform offers more flexibility in terms of how you set up charts. To begin with, open up your chart window from the main menu bar at the top left of your screen by selecting “New Window->Chart.” Then right-click anywhere on your chart window and select “Properties” from the drop-down menu that appears. On this new window, there will be several sections, such as general settings, where you can change the type of graph (e g candlestick), and color settings, where you will find options for customizing individual bar colors settings such as up bars, down bars, neutral bars or all bars combined. You can also choose to have either line or bar-style candlesticks by selecting either the ” Bar Chart” or ” Line Chart” option under the ” Type ” section, which is located directly below each color setting section.

Apart from customizing individual bar color settings, you can customize the entire chart scheme if needed. To do this, go back to the main menu bar at the top left of the screen again, but select “Settings ->Color Scheme.” This will bring up another new window with two sections; one for background settings & another for graph customization. Under the graph customization section, you will find options related to changing the overall look & feel of graphs, like candle width, grid spacing, etc. Here, you have choices between applying one of the predefined themes in the platform or creating a custom one according to your preferences.

In conclusion, learning how to change candlestick colors on both Desktop MT4 & MT5 platforms is a crucial step in optimizing the trading environment according to personal preferences & needs. This ensures traders take advantage of all features offered by these leading trading platforms while ensuring they are comfortable enough with their setup, so they don’t miss any opportunities. At the same time, they focus on market movements & analysis.

If you want to learn how to change colors on the Android or iPhone MetaTrader charts app, you can watch this video:

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Trillion Dollar Club - Invest & Trade Stocks, Crypto, Forex

Conclusion

In conclusion, the color of candlesticks on the Desktop MT4 and MT5 platforms is essential to those who trade in the financial market. With different colors associated with different trends and data points, traders can quickly identify patterns and make decisions based on these historical views. The ability of candlestick colors to differentiate between bullish and bearish trends helps traders to make more informed decisions about their trades promptly. Additionally, the brighter the candles, the more pronounced information the trader has available. Overall, the purpose of candlestick colors within trading software such as MetaTrader is to provide traders with an easy way to assess historical data and current trends so that they are able to make educated decisions when determining their next move.

Colors offer a powerful way to visualize and interpret data quickly, allowing investors to make informed decisions about the market within seconds. By using different colors in charts, traders can distinguish between trends, spot buying opportunities, and identify areas of support or resistance.

In addition to being visually appealing, colors can provide clues about a security’s performance relative to its peers. For instance, green may indicate that a guarantee is rising its peers, while red may suggest underperformance. Additionally, shades of color can differentiate between stocks with similar performance metrics. By recognizing these patterns on the trading chart, investors can efficiently and effectively evaluate the market’s current state.

Furthermore, colors have been shown to affect investors and traders alike psychologically. (see our article about important levels)

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Changing colors on your mobile phone’s MT4 and MT5 trading apps can be a great way to customize your trading experience. Whether you are an experienced trader or just starting, keeping track of different indicators and patterns can be challenging – but changing the colors of candlestick charts is a straightforward way to make it easier. This article will provide step-by-step instructions on changing colors on iPhone and Android mobile devices when using the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading apps.

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How to Change Colors on iPhone and Android MT4 and MT5 Mobile Apps?

To change candlestick colors on iPhone or android MT4 or MT5 mobile apps, you need to go to “Settings,” then “Charts,” then “Colors.” You can define colors for bars, candlesticks, and lines in the colors section.

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Trillion Dollar Club - Invest & Trade Stocks, Crypto, Forex

For iPhone users, the process of changing candlestick colors is relatively simple. First, open up the MT4 or MT5 app on your device and navigate to the “Charts” section of the app.

Here you will find a selection of different chart types, such as line graphs, bar charts, and candlesticks. Select the type of chart that you want to customize by tapping on it. You should see an option labeled “Chart Properties” at the bottom of the screen; tap this to begin customizing your color options. You can now select one of several preset color schemes or create a custom one by adjusting each color parameter. Once you have made any desired changes, hit “Apply” to save them before exiting this menu.

The process for Android users is similar to that for iPhone users; however, there are some differences worth mentioning here. After selecting “Charts” from within either the MT4 or MT5 app on your device, long-press on any specific chart type before choosing “Edit Chart” from its context menu.

From here, you will find a similar range of options for customizing your color scheme; however, additional settings may be available depending on which version of Android you are running on your device. Once again, select one of several preset schemes or create a custom palette by adjusting individual parameters before saving any changes with the “Apply” button to exit this menu altogether.

Overall, changing candlestick colors is an excellent way for novice and experienced traders to customize their trade experience by making it easier to identify patterns within their data faster than ever before! With just a few taps within either an iOS or an Android-powered mobile device running MT4 or MT5 trading apps, anyone can quickly make any desired changes to better monitor their investments – all without having to resort to complicated, convoluted workarounds like downloading external software or utilizing complex scripts!

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Trillion Dollar Club - Invest & Trade Stocks, Crypto, Forex

If you want to learn How to Change Candlestick Colors on Desktop MT4 and MT5 Platform watch this video:

Conclusion

Studies have found that specific colors can evoke emotions such as fear or excitement depending on their context within the market. For example, green has been associated with growth and prosperity, while red often carries negative connotations related to losses or bad investments.
This means that the use of colors in trading charts should be carefully considered, as it could influence investors’ decisions and actions in ways they might not anticipate or intend. Ultimately, choosing a suitable color scheme for a chart is essential to creating a compelling visual presentation that accurately conveys market information without influencing trader sentiment in unintended ways.

MetaTrader 4 platforms were established in the year 2005. After that, it gained so much popularity among traders. Now, traders can open and handle multiple more straightforwardly from one computer or VPS. It is knowing have thought before. So, it is essential to understand how to open important handle multiple MT4 accounts on the same computer if you want to do it on your own. It would help if you learned how to do it.

How to manage multiple MT4 accounts

There are two ways to install Multiple MT4 Accounts and manage them on a single computer. The first method is free, where traders can install the same MT4 terminal several times on the same computer. The second method is the paid method, where traders can install a multi-terminal version.

In this method, you can easily open two, three, or more numbers of accounts from your computer. Not only this, but now you can log in to various accounts and trade from all of these. You do not need to face any obstructions to do that. So, now it is simple and hassle-free. You do not need to log in and log out again and again from one account and another. So, now you can stay live from all your accounts at once. You can trade effortlessly from your genuine and dummy accounts as well. So, as you can see, METATRADER MULTIPLE ACCOUNTS offer you a blissful and advanced trading experience.

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Apart from this, you can now simultaneously open identical trades on all MT4 accounts. So, now you can manage your MT4 accounts and hold your position in various MT4 accounts. The same broker will not be a problem in this case.

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How to manage multiple MT4 accounts using a Multi-terminal version?

You will need to do a few things to manage multiple MT4 accounts successfully. The first is to create a new instance of the MT4 platform. This can be done by following the instructions below:

• 1. Open the MT4 platform and click on “File” then “New Instance.”
• 2. Select the account you want to use and give your instance a name.
• 3. Click “Create.”

The second thing you will need to do is configure each instance with the correct account information. This can be done by following the instructions below:

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• 1. Open the MT4 platform and click on “File” then “Global Settings.”
• 2. In the “Settings” tab, locate the “Accounts” section and click on “Edit.”
• 3. Enter the account information for each instance and click “OK.”

The final thing you will need to do is switch between instances as required. This can be done by following the instructions below:

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• 1. Open the MT4 platform, click on “File,” then “Switch Instance.”
• 2. Select the instance you want to use and click “OK.”

WHY DO YOU NEED TO INSTALL VARIOUS MT4 PLATFORMS ON YOUR SINGLE COMPUTER?

Now you are thinking, why do you need to install multiple MT4 accounts on your one PC? There are two main reasons a Forex trader needs to establish numerous MT4 accounts. So, here are two reasons, such as follows:

• 1. The first and primary reason is that the traders can sign in to different accounts simultaneously. It is, of course, a significant benefit. In the past, you could sign in to one MT4 account from the same and indifferent broker. So, you can install more MT4 terminals on your PC. After that, you can log in to different accounts simultaneously.
• 2. The second one is also valuable and essential. You can copy Forex trading options between various MetaTrader accounts, as you may hear that copying trade is very well-known among Forex traders.

Apart from this, you can get one more benefit from opening multiple accounts. You can get valuable advice from the experts. So, if you have numerous MT4 accounts, you must run many strategy testers simultaneously.

ADVANTAGES OF INSTALLING MULTIPLE PLATFORMS:

There are so many advantages to installing multiple MT4 platforms. Here are some of these:

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Trillion Dollar Club - Invest & Trade Stocks, Crypto, Forex

• The main goal of this particular setup is to spread memory usage and improve each MT4 platform or account’s performance.
•  You can organize the whole thing about trading very simply and smartly.
•  Now, you can trade from multiple accounts at the same time.
•  This is now a hassle-free process.

Now, you may think about how to install it on your computer. You should know that the process is very much simple.

THE INSTALLATION PROCESS OF VARIOUS ACCOUNTS ON A SINGLE COMPUTER:

If you want to install various MT4 terminals on a single computer, you should know that it is straightforward. All you need to do is repeat the same process of installing one MT4 platform. But in the case of various account installations, you will have to choose multiple and different locations for the installation process. This clever trick is to install METATRADER MULTIPLE ACCOUNTS on a single computer and trade from all of these without any obligations. Following this intelligent method, you can install various MT4 platforms from the same or multiple brokers.

So, as you install the second and third terminals, all you need to do is change the location to a different and unique folder. So, in this way, the place will be changed. You can name the folder differently. You can change the last number of the name in the folder. Apart from this, you need to install different files in different folders. You can select any terms you want to use, but each name should be unique.

So, while running the installed MT4, you must change the installation’s destination folder. You will get the setting button; after that, you will get the Next and Cancel buttons. So, when you click on the setting button, you can change the MT4 destination folder.

After installing one MT4 terminal, you can copy and paste the command. You can use CTRL+C and CTRL+V from your keyboard to complete the copy-and-paste process. After installing multiple MT4 terminals, running each terminal differently and individually is high time. So, for this process, you must start an account for every platform.

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With the MT4, you can get a clean and clear feature. You need to enter the name of the broker. You will get this quickly.

How many MT4 platforms can you install on a PC?

There is no limit to the number of your MT4 platforms. You can install and run one, two, three, or more MT4 terminals on your single PC. You can run 4 to 6 media simultaneously from your single PC. So, as you can see, you can run multiple MT4 terminals from a single device. You should be able to handle multiple accounts without any hassle.

Install Metatrader Multiple Accounts using multi-terminal software version

The Metatrader 4(MT4) and Metatrader 5(MT5) software have a Trade tools FX (TTFX) multi-terminal version, which allows investors to trade on Metatrader Multiple Accounts using a single computer. This version is preferred by money managers or regulated institutions managing the account for many clients. This version of the software provides all the features of MT4/MT5, allowing the user to place or edit orders. The user can also limit the orders and decide the closing position. The clients have specified different trading strategies for each account depending on their financial goals. The money manages each account based on the instructions from the client.

Multi-account terminal Security

The software for the multi-account terminal uses 256-bit encryption technology for greater security. This ensures that the trading account and trading data in real-time are secure, remain confidential, and are not tampered with. The financial/trading data is also synchronized with information on TTFX client devices. The computer, a mobile software version, can be used on client devices. This allows the account managers to check the account’s status anywhere they wish and trade, placing orders for different Forex accounts simultaneously.

The multi-account terminal interface is similar to that used in a terminal for Metatrader 4 or Metatrader 5. This makes it easy for traders who have already used MT4/MT5 to switch to the multi-account version for trading for clients. The platform is widely used by professional traders, asset managers, and money managers to access, monitor, and trade for multiple accounts. They can group the different accounts that they are managing for convenient trading. The trader or manager can also specify different sizes for the trading in each account he is working.

The trader can trade in each account, which is part of the group and monitors the account’s activity. It can take a printout of the statement and equity for the client. The account manager can execute any market, stop, or limit order using one click. The execution speed for the orders on these platforms will be similar to single-account terminals. The TTFX terminal also has advanced features for customization. These features allow the manager to trade in Forex or other market using the interface in multiple languages.

Multi-account terminal Advantages

Some of the TTFX terminal advantages are complete control over allocation methods, managing the sub-accounts in real-time, and a comprehensive trading log is available. Incorporating an Expert advisor is also possible. The administrator can control all accounts and manage the open and closed positions and allocations. A complete log of the user’s activities and access to the full report are available. There is no limit to the number of trading accounts that can be opened. All trading activity can be managed in real-time. In addition to foreign exchange (FX), traders can trade metals and CFDs. Different trading strategies like hedging, scalping, and news trading are allowed, with system alerts, trading, trending events, and fast news provided so the trader can make the right decision accordingly. It also includes an internal mailing system.

Virtual private servers, or VPS, are a hosting web service. They are similar to dedicated servers in that they host only a single customer’s website, but they are cheaper and more flexible than dedicated servers. A VPS is a virtual machine that runs on a physical server. The customer is allocated a certain amount of the physical server’s resources, such as CPU time, memory, and disk space. This allocation can be changed at any time to increase or decrease the resources available to the customer. This makes VPS hosting ideal for forex traders who want to keep MetaTrader platforms online 24 hours a.

What is VPS?

A virtual private server (VPS) is a hosting that gives you more power and control than traditional shared hosting but without the cost and complexity of a dedicated server.
It works by partitioning a single physical server into multiple smaller virtual servers, each with its operating system (OS) and software.

This gives you the flexibility to choose the OS and software that best suits your needs and allows you to run different applications on different servers simultaneously.
It also makes it easier to manage your website since you can access all your servers from a single console.

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VPS hosting is ideal for traders, small businesses, and bloggers who want the power and flexibility of a dedicated server but don’t want to pay the high price tag.

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What is forex VPS?

Forex VPS represents standard Virtual Private Server hosting where traders can install MetaTrader or any other trading platform in a virtual Windows server. In this case, traders can run MT4 or MT5 on the server and execute trades manually or using Expert advisors 24 hours per day.

A Forex VPS benefits traders using Expert Advisors (EAs). EAs allow you to automate your trading strategies, which means they can trade for you even when you’re not at your computer. This is a massive advantage because it allows you more freedom while maintaining control of your trading account.

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Your trading account will be active 24 hours per day on VPS, and your EA can create trades and close trades automatically while your PC is shut down.

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What is the best VPS for forex trading?

The best VPS for forex trading is Interserver VPS which you can use for only $10 per month. Each CPU core is worth $10 for Windows servers which is more affordable than dedicated servers and performs better than shared hosting.

GET FOREX VPS

One core is enough to manage 2-5 MT4 platforms on VPS. However, if you need a lot of MT4 or MT5 platforms, you can buy for low prices various VPSs.

Forex VPS price list:

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Trillion Dollar Club - Invest & Trade Stocks, Crypto, Forex

Below you can visit the hosting website and price list:

GET FOREX VPS

How to Use VPS for Forex Trading?

• Choose a hosting provider.
• Purchase a Virtual Private Server for Windows.
• Type “mstsc” or choose Remote Desktop connection.
• Connect to your server using the username, IP, and password you get from the hosting company.
• Install MT4 from the brokerage page using the VPS browser.
• Run the Metatrader platform and your Expert Advisors.

A virtual private server (VPS) is a great way to trade forex. It gives you all the power of a desktop computer with the convenience of a laptop. You can install MT4 and your Expert Advisors on your VPS and trade from anywhere in the world.

To use a VPS for forex trading, you must first purchase one. Once you have your VPS, you need to connect to it using Remote Desktop Connection (mstsc). You can find your VPS username, IP address, and password on the hosting company’s website.

Below you can see an image of how to run your VPS using your PC:

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When you log in using data that you got from the hosting provider, you will get on your screen something like this:

Once connected to your VPS, you can install MT4 from the brokerage page. Select the “Windows” version of MT4, not the “Mac” version. Then run the Metatrader platform and your Expert Advisors.

You can now trade forex from anywhere in the world with all the power of a desktop computer.

Please watch my video to get all information about forex VPS :

VPS advantages

A VPS, or virtual private server, is an excellent option for businesses looking for reliability, performance, and security but don’t want to invest in a dedicated server. A VPS gives you all of the benefits of a dedicated server at a fraction of the cost.

VPSs are powered by virtualization software that divides a single physical server into multiple “virtual” servers. This allows businesses to buy only the resources they need while enjoying the benefits of a dedicated server.

VPSs come with various features that make them an excellent option for businesses of all sizes. Some of the features include:

• Full root access: With a VPS, you have complete control over your server. This means you can install any software you want, change any settings, and add any users.
• Security: A VPS provides extra security features such as firewalls and intrusion detection systems that help to protect your data and applications.
• Performance: VPSs offer high performance and can handle large amounts of traffic. This makes them perfect for businesses that have high-traffic websites or applications.

Conclusion

Forex traders who use EA robots to automate their trading can benefit significantly from using a VPS. By having their robot run on a VPS, they can be assured that their robot will always be active, regardless of whether or not their PC is turned on. This allows traders more freedom when they trade and enables them to take advantage of opportunities that may arise when they cannot trade themselves. Additionally, using a VPS can help traders save time and money, removing the need to maintain a dedicated PC solely for trading purposes.