WebTerminal is a browser-based trading terminal that can be used with both, MetaTrader 4 and MetaTrader 5 trading accounts. Its major advantage is that it requires no installation and can be used directly from a browser.
WebTerminal supports basic trading features that are also available in desktop versions of MT4 and MT5, making it a convenient choice for those just starting to trade.
Once open, WebTerminal will ask you to choose to log in with either an MT4 or MT5 based trading account. When you create a trading account, it is set as either MT4 or MT5 and cannot be changed later.
To log in to the WebTerminal:
Steps may vary depending on whether MT4 or MT5 was selected as WebTerminal was opened.
1. Choose either MetaTrader 4 or MetaTrader 5, depending on which platform you registered your trading account for.
2. If this is your first log in, enter your trading account number as Login, your trading password as Password, and confirm the server. Otherwise, your trading account details will be entered automatically.
3. Click Connect to Account to log in.
To switch accounts in WebTerminal:
1. While logged into your trading account, click File > Login to Trade Account.
2. Sign in with that trading account’s number as the login, trading password and corresponding trading server; then click OK. You can make switching quicker for next time by ticking Save password.
3. Quick switching
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 in some circumstances.
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.
Configuring WebTerminal
Even though WebTerminal is browser based, it still boasts some useful features for your charts.
Market Watch window
By default, you’ll be able to see the 20 most popular trading instruments for your account type, but more can be added.
To add more instruments:
1. Right-click anywhere in the window, and select Symbols.
2. Click the instrument group to expand its selection. Instruments appearing with the yellow icon are already displayed, while gray icons are hidden.
3. Double-click any instrument to add or remove it from the Market Watch window. The Show and Hide buttons function in the same way.
4. When done, click Close.
Chart window
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:
1. Double-click an active trading instrument (gray ones are inactive) in the Market Watch window.
2. Specify the Volume, then select Market Execution or Instant Execution (depending on your trading account type) from the selection in the Type dropdown.
3. You may also choose to specify Stop Loss and Take Profit levels for your order. This is optional, and you can edit this after the order is opened.
4. Click Sell or Buy (exact text may vary based on order execution type).
5. 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:
1. Double-click an active trading instrument (gray ones are inactive) in the Market Watch window.
2. Specify the Volume, then select Pending order from the selection in the Type dropdown.
3. Choose the Type of pending order you want from the new dropdown menu, and specify the desired At price value.
4. Set Stop Loss and Take Profit levels, and set the Expiry (optional) of the pending order.
5. Click Place (if this is still grayed, 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.
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.
To open a trade, 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 using this feature. To turn one-click trading on or off select Options > One-Click Trading from the main menu.
Modifying orders
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 expiry date for your pending orders.
Closing 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.
If you have further inquiries, please don't hesitate to contact our Support Team via "Contact Us" function.