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How to set up channels in MetaTrader 4

This guide shows you how to set up channels in MetaTrader 4.

After reading this guide you will be able to:

  • Set up channels
  • Set parameters for these objects
  • Remove channels
This guide assumes that you have opened a chart.

You have opened the chart on which you want to apply channels.

Adding a standard deviation channel

  1. Click Insert, then move to Channels
  2. Click on Standard Deviation

3. Click where you want the channel to start

4. Move the mouse to the end of the channel and release the mouse

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Changing parameters at a later time

To change the settings of the indicator at a later date:

  1. Right-click anywhere on the chart area
  2. Click on Objects List

3. Select the channel you want to edit

4. Click on Edit

The parameter menu appears. Here you can change the channel.

Most objects can be controlled by several parameters.

There are two types of parameters:

  • Calculations of the objects: e.g. where the channel starts, ends and which angle it has.
  • Visuals of an object: e.g. how it will look, the colour and thickness of the lines, etc.

Adding a linear regression channel

  1. Click Insert, then move to Channels
  2. Click on Linear Regression

3. Click where you want the channel to start

4. Move the mouse to the end of the channel and release the mouse

Changing parameters at a later time

To change the settings of the indicator at a later date:

  1. Right-click anywhere on the chart area
  2. Click on Objects List

3. Select the channel you want to edit

4. Click on Edit

The parameter menu appears. Here you can change the channel.

Most objects can be controlled by several parameters.

There are two types of parameters:

  • Calculations of the objects: e.g. where the channel starts, ends and which angle it has.
  • Visuals of an object: e.g. how it will look, the colour and thickness of the lines, etc.

Adding an equidistant channel

  1. Click Insert, then move to Channels
  2. Click on Equidistant

3. Click where you want the channel to start

4. Move the mouse to the end of the channel and release the mouse

Changing parameters at a later time

To change the settings of the indicator at a later date:

  1. Right-click anywhere on the chart area
  2. Click on Objects List

3. Select the channel you want to edit

4. Click on Edit

The parameter menu appears. Here you can change the channel.

Most objects can be controlled by several parameters.

There are two types of parameters:

  • Calculations of the objects: e.g. where the channel starts, ends and which angle it has.
  • Visuals of an object: e.g. how it will look, the colour and thickness of the lines, etc.

Adding a Fibonacci channel

  1. Click Insert, then move to Channels
  2. Click on Fibonacci

3. Click where you want the channel to start

4. Move the mouse to the end of the channel and release the mouse

Changing parameters at a later time

To change the settings of the indicator at a later date:

  1. Right-click anywhere on the chart area
  2. Click on Objects List

3. Select the channel you want to edit

4. Click on Edit

The parameter menu appears. Here you can change the channel.

Most objects can be controlled by several parameters.

There are two types of parameters:

  • Calculations of the objects: e.g. where the channel starts, ends and which angle it has.
  • Visuals of an object: e.g. how it will look, the colour and thickness of the lines, etc.

Delete a channel in MetaTrader 4

To delete a channel (or another object):

  1. Right-click anywhere on the chart area
  2. Click on Objects List

3. Select the channel you want to delete

4. Click on Delete

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