Open Depth Of Market Mt4
To do this enable one click trading in the client terminal s settings.
Open depth of market mt4. Depth of market window displays market depth pnl current positions as well as pending orders and provides one click trading features. Could this be important. Depth of market allows users to quickly manage stop levels stop loss and take profit and pending orders of open positions.
Data on trades are summed up and presented as a histogram at each. It s the orderbook indicator transmitting data from the order book tool to your favorite mt4 terminal. Quick trading from depth of market.
Trade requests are sent from depth of market instantly without showing a trading dialog. In order to view depth you ll need to use the mt4 mini terminal which comes with the oanda mt4 plug in. 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.
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. In this case the depth of market displays price levels calculated based on the bid and ask prices using the price change step. Orderbook order book or depth of market is a graphical representation of trading activity namely open trades pending orders and stop orders.
For more information about prices in the depth of market please see the price data section. Some words about theory. Depth of market can be viewed by clicking on the spread on the mini terminal rather than from the standard mt4 order ticket.
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