{"id":292377,"date":"2016-01-28T22:33:50","date_gmt":"2016-01-28T11:33:50","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/articles\/mt4-genesis-useful-practical-trading-tools\/"},"modified":"2021-02-19T12:26:11","modified_gmt":"2021-02-19T01:26:11","slug":"mt4-genesis-useful-practical-trading-tools","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/mt4-genesis-useful-practical-trading-tools\/","title":{"rendered":"MT4 Genesis: Useful and practical trading tools"},"content":{"rendered":"<h2 style=\"text-align: justify;\">MT4 Genesis &#8211; Our Top MT4\u00a0Trading Tools<\/h2>\n<p style=\"text-align: justify;\">Like any other successful person in their chosen field, you also need the proper trading tools if you are to\u00a0become a successful trader. Trading tools play an important part in your trading success. Given the\u00a0right and proper trading tools, you can be a more efficient and effective trader.<\/p>\n<p style=\"text-align: justify;\">Even if you are already proficient and have several years of experience in the market, the right tools\u00a0can enhance your trading and may make it more efficient. And if you are just getting started as\u00a0a trader, the proper tools can speed up your learning and journey as a trader.<\/p>\n<p style=\"text-align: justify;\">Advancements in technology over the past 5-10 years mean there are more trading tools available\u00a0now than ever before. And if you can pick and use just\u00a0a couple of these tools, you can save a\u00a0lot of time and effort and make your trading more efficient.<\/p>\n<p style=\"text-align: justify;\">In this article, we will talk about <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.gomarkets.com\/accounts-tools\/trading-tools\/mt4-genesis\/\">MT4 Genesis<\/a><\/span>, which enhances the power of the standard <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.gomarkets.com\/accounts-tools\/platforms\/metatrader4\/\">MT4\u00a0platform<\/a><\/span>. MT4 Genesis is designed to help manual traders make the most of their trades by\u00a0providing useful and practical trading tools.<\/p>\n<p style=\"text-align: justify;\">Let\u2019s have a look at some of the most useful and practical features and capabilities of <a href=\"https:\/\/www.gomarkets.com\/accounts-tools\/trading-tools\/mt4-genesis\/\">MT4 Genesis<\/a>\u00a0and how you can use them to enhance your trading.<\/p>\n<p style=\"text-align: justify;\"><strong>Managing multiple positions<\/strong><\/p>\n<p style=\"text-align: justify;\">Speed and accuracy is critical for the active trader. If you have multiple positions and the markets\u00a0are moving fast, you need to be able to respond quickly and accurately. The <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.gomarkets.com\/accounts-tools\/trading-tools\/mt4-genesis\/mini-terminal-2\/\">Mini Terminal<\/a><\/span> function\u00a0of MT4 Genesis allows one click trading and the ability to trade directly form the chart. This could be\u00a0vital if you are trying to capture big moves in the <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.gomarkets.com\/range-of-markets\/forex\/\">Forex markets<\/a><\/span>.<\/p>\n<p style=\"text-align: center;\"><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/rcCNW9YoveE\" width=\"700\" height=\"394\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p style=\"text-align: left;\"><strong>Spot trading opportunities<\/strong><\/p>\n<p style=\"text-align: justify;\">Finding high probability trades is a big factor in your trading success. The higher the probability of\u00a0winning, the better the trade. Using the <span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/www.gomarkets.com\/accounts-tools\/trading-tools\/mt4-genesis\/correlation-trader-2\/\">Correlation Trader<\/a><\/strong><\/span> within MT4 Genesis, you can easily spot\u00a0new trading opportunities by comparing markets and timeframes. Another useful feature of this is\u00a0that it allows you to place the trade directly from this tool. You can compare trades that are highly\u00a0correlated or non-correlated and make the trade right away. With this feature, you can identify as\u00a0many trades as possible.<\/p>\n<p style=\"text-align: center;\"><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/R8gAdnjnW2o\" width=\"700\" height=\"394\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p style=\"text-align: justify;\"><strong>Trade like a pro<\/strong><\/p>\n<p style=\"text-align: justify;\">Adding to winning trades or getting out of losing trades is vital to a trader\u2019s success. This is the key\u00a0behind the saying \u2018let your winners run and cut your losses quickly\u2019. With MT4 Genesis\u2019 Trade\u00a0Terminal, you can open multiple positions and make adjustments to each separately. This means you\u00a0can set and adjust stop losses, take profit and trailing stops to capture market moves.<\/p>\n<p style=\"text-align: justify;\">Another practical and useful feature is the ability to create templates for frequently used or complex trade parameters. This means you can save valuable time in finding trades once you have the templates in place. Trade Terminal also has a risk calculator that can help you analyse the risk reward ratio of every trade before you place them.<\/p>\n<p style=\"text-align: center;\"><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/5R-oa6DHfHM\" width=\"700\" height=\"394\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p style=\"text-align: justify;\"><strong>Don\u2019t be tied up to your desk\/computer when trading<\/strong><\/p>\n<p style=\"text-align: justify;\">No matter how hard you try, it\u2019s not always possible to watch the market and place trades all day. Almost always, there will be interruptions or distractions that can affect your trading schedule. Using MT4 Genesis\u2019 <a href=\"https:\/\/www.gomarkets.com\/mt4-genesis\/\">Alarm Manager<\/a>, you can set up triggers, alarms and reminders that will notify you if your pre-set conditions are met. And you can place trades automatically once those alarms or reminder conditions are triggered.<\/p>\n<p style=\"text-align: justify;\">Some of the most useful and helpful alarms you can set include:<\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><strong>\u00bb<\/strong> Alarm or pop up on your screen if your margin usage exceeds 20%<br \/>\n<strong>\u00bb<\/strong> Close all losing positions if your drawdown exceeds 10%<br \/>\n<strong>\u00bb<\/strong> Warn you if you have positions without stop loss<br \/>\n<strong>\u00bb<\/strong> Remind you to stop trading if you have four consecutive losing trades<\/p>\n<p style=\"text-align: justify;\">These are only some of the practical and easy to use tools available on <a href=\"https:\/\/www.gomarkets.com\/accounts-tools\/trading-tools\/mt4-genesis\/\">MT4 Genesis<\/a>. If you can try to learn and apply at least a couple of tools to your trading each\u00a0week, you can easily make your trading more efficient.<\/p>\n<p style=\"text-align: center;\"><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/S5Qv_LAUPpc\" width=\"700\" height=\"394\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p style=\"font-size: 8pt;\"><em>Disclaimer: Articles and videos from GO Markets analysts are based on their independent analysis. Views expressed are of their own and of a \u2018general\u2019 nature. Advice (if any) are not based on the reader&#8217;s personal objectives, financial situation or needs. \u00a0Readers should, therefore, consider how appropriate the advice (if any) is to their objectives, financial situation and needs, before acting on the advice.<\/em><\/p>\n<p style=\"font-size: 8pt;\"><em>For more on trading Forex check out our <a href=\"https:\/\/www.gomarkets.com\/au\/forex-education\/\">Forex Trading Education Centre<\/a>, <a href=\"https:\/\/www.gomarkets.com\/au\/metatrader-4-video-tutorials\/\">MetaTrader 4 Tutorials<\/a>, or open a free <a href=\"https:\/\/www.gomarkets.com\/au\/mt4-demo-trading-account\/\">MetaTrader 4 demo account<\/a>.<\/em><\/p>\n<p><a href=\"https:\/\/www.gomarkets.com\/forex-education-courses\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2019\/02\/Next-Steps-Blog-Bottom-Banner.jpg\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MT4 Genesis &#8211; Our Top MT4\u00a0Trading Tools Like any other successful person in their chosen field, you also need the proper trading tools if you are to\u00a0become a successful trader. Trading tools play an important part in your trading success. Given the\u00a0right and proper trading tools, you can be a more efficient and effective trader. [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2871],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MT4 Genesis: Useful and practical trading tools - GO Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/mt4-genesis-useful-practical-trading-tools\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MT4 Genesis: Useful and practical trading tools - GO Markets\" \/>\n<meta property=\"og:description\" content=\"MT4 Genesis &#8211; Our Top MT4\u00a0Trading Tools Like any other successful person in their chosen field, you also need the proper trading tools if you are to\u00a0become a successful trader. 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