The MT4/MT5 WebTerminal is a browser-based trading terminal that requires no installation and can be used for trading within a browser.
WebTerminal supports basic trading features that are also available in desktop versions of MT4 and MT5 without the need to install anything, making it a convenient choice for those just starting to trade.
Below you can see what other differences exist between the browser-based WebTerminal and desktop-based trading terminals:
|No installation needed||✅||❌|
|Expert advisors and scripts||❌||✅|
|No Terminal Errors||✅||❌|
This article will take you through the important steps and features for WebTerminal:
- Accessing the terminal
- Configuring WebTerminal
- Opening a trade
- About one-click trading
- Modifying orders
- Closing orders
Accessing the terminal
Click the button below to be taken to WebTerminal, where you will be prompted to log in. Remember that when you register a trading account, it is either created as a MetaTrader 4 or MetaTrader 5 account as this will be important when logging in.
Watch the video below for a guide on how to log in and use WebTerminal:
To log in to the WebTerminal:
- Choose either MetaTrader 4 or MetaTrader 5, depending on which platform you registered your account for.
- Enter your trading account number as Login, your trading password as Password, and choose the server your account was registered on.
- Click OK to log in.
Follow the link for more information on how to find your trading account login and server details from your Personal Area.
To switch accounts in WebTerminal:
- While logged into your trading account, click File > Login to Trade Account.
- Sign in with your other trading account’s number, password and corresponding server; then click OK. You can make switching quicker for next time by ticking Save password.
You can switch active trading accounts by going to File > Switch to account - the trading accounts you have already logged into will be shown in a list that you can select from; you may be prompted to enter the trading account’s credentials once more.
About the trading windows:
Let’s take a look at the three windows displayed in WebTerminal:
- Market Watch shows you the available trading instruments, their real-time prices, and spread.
- The Chart window shows the chart of the selected trading instrument.
- Toolbox has three tabs: Trade, where you can see your current open orders, History, where you can see closed orders and balance operations, and Journal, where you can find terminal information.
Just because WebTerminal is browser based, doesn’t mean it can’t offer robust features for your charts. Read on to find out how you can customize WebTerminal to your needs.
Market Watch window
By default, you’ll be able to see the 20 most popular trading instruments for your account type.
To add more instruments:
- Right-click anywhere in the window, and select Symbols.
- Then, click the group of symbols to reveal the instruments inside. Instruments that are already displayed will have a yellow icon, while those that are not will have a grey icon.
- Now, double-click the instrument to add or remove it from the Market Watch window. You can also use the Show and Hide buttons to do the same thing.
- When done, click Close.
To open a chart for the selected instrument, simply drag it from the Market Watch window to the Chart window, or right-click it and select Chart Window.
There are three available types of charts you can choose from: Bar chart, Candlesticks, and Line chart. You can easily switch between them in the menu.
Timeframes can be changed for your chart by either selecting one from the buttons in the header (shown below) or by opening Charts > Timeframes to show a menu of available timeframes.
To change color settings of the chart, right-click on it, click Properties, and then choose one of the color schemes:
- Black on White
- Yellow on Black
- Green on Black.
Now that you’ve configured WebTerminal, you’re all set to place a trade!
Opening a trade
In the WebTerminal, you can place both market and pending orders.
To open a market order:
- Double-click the trading instrument in the Market Watch window.
- Specify the volume and select Market Execution or Instant Execution (depending on your account type) as the order type.
- You may also choose to specify Stop Loss and Take Profit levels for your order. This is optional, and you can do that after the order is opened.
- Click Sell or Buy (exact text may vary based on order execution type).
Once opened, your order will be shown in the Trade tab, where you’ll be able to track its progress.
To place a pending order:
- Double-click the trading instrument in the Market Watch window.
- Specify the volume and choose Pending order as your order type.
- Specify the Type of pending order you want from the dropdown menu, and specify the desired Price.
- Set Stop Loss and Take Profit levels, and set the Expiration(optional).
- Click Place (if this is still greyed, the parameters set may be invalid).
Once placed, your pending order will be shown in the Trade tab, waiting for the market price to reach the price specified.
About one-click trading
One-click trading is a useful feature that lets you open new orders literally with one click. Here’s how one-click trading appears in your trading terminal:
If you take a look at the chart you have opened, you’ll see the one-click trading feature above. If you’d like to place an order for a different instrument, drag and drop it to the chart.
Now, specify the volume you want to trade, and click Sell or Buy.
Note you will have to accept the Terms and Conditions for one-click trading before the feature will be activated. To turn one-click trading on or off select Options > One-Click Trading from the main menu.
The one-click trading window changes color depending on the price movement. When the price increases, it becomes blue. When the price decreases, it turns red.
That’s it, one-click trading makes opening orders simple.
You can modify your open and pending orders in the Trade tab. To do this, simply right-click on the order in the Trade tab, and click Modify or Delete.
Modifying an order lets you set the Stop Loss or Take Profit for open market orders, or modify the open price, set the Stop Loss and Take Profit, and specify the expiration date for your pending orders
To close an open order, you can either click X in the Trade tab, or right-click on the order, and choose Close order. If you have one-click trading active, it will close immediately. Otherwise you will need to confirm this action by clicking the yellow Close button.
Once your order has been closed, it will be shown in the History tab.