Open Depth Of Market Mt4
Entry and exit automation can be set up directly in the dom window making it a unique and self sufficient tool for manual trading see chart trading orders and strategies.
Open depth of market mt4. Trade requests are sent from depth of market instantly without showing a trading dialog. To do this enable one click trading in the client terminal s settings. To open the depth of market of a financial instrument click depth of market in the context menu of the market watch.
Depth of market window displays market depth pnl current positions as well as pending orders and provides one click trading features. Orderbook order book or depth of market is a graphical representation of trading activity namely open trades pending orders and stop orders. It s the orderbook indicator transmitting data from the order book tool to your favorite mt4 terminal.
The levels at each depth will be highlighted to show which prices are being used for execution while the. For more information about prices in the depth of market please see the price data section. Depth of market can be viewed by clicking on the spread on the mini terminal rather than from the standard mt4 order ticket.
Some words about theory. In this case the depth of market displays price levels calculated based on the bid and ask prices using the price change step. Data on trades are summed up and presented as a histogram at each.
If you go to your mt4 and hit either alt b or right click and scroll down you will open up the depth of market indicator for whichever currency pair you are trading. Could this be important. What it attempts to do is show you the levels at which trading activity is happening more heavily than other areas.
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