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
- Click Insert, then move to Channels
- Click on Standard Deviation
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/f0af8a33d58f4ed99319b727154b9c56.png)
3. Click where you want the channel to start
4. Move the mouse to the end of the channel and release the mouse
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/3a438f6c4212473c818f469b0e0529f3.png)
Changing parameters at a later time
To change the settings of the indicator at a later date:
- Right-click anywhere on the chart area
- Click on Objects List
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/5f0e79aa5869410c993a074ec89656f3.png)
3. Select the channel you want to edit
4. Click on Edit
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/095cf1c445f4481bb5bc06dc186be73f.png)
The parameter menu appears. Here you can change the channel.
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/368aa733441547879cf33d713ae2f4ee.png)
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
- Click Insert, then move to Channels
- Click on Linear Regression
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/c01ae08db1674502b9f67f1a176b2211.png)
3. Click where you want the channel to start
4. Move the mouse to the end of the channel and release the mouse
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/b0abf8d20a884a608d7e1c61f7929aa7.png)
Changing parameters at a later time
To change the settings of the indicator at a later date:
- Right-click anywhere on the chart area
- Click on Objects List
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/7c00398bf8ce4fcc8a1f9883d8bde660.png)
3. Select the channel you want to edit
4. Click on Edit
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/024b885f6ab44dd0afc371a0543e991d.png)
The parameter menu appears. Here you can change the channel.
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/ca1b40392d8c415ba41def2b016b01e4.png)
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
- Click Insert, then move to Channels
- Click on Equidistant
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/9ee3009672334519a9aa10b0047a3de3.png)
3. Click where you want the channel to start
4. Move the mouse to the end of the channel and release the mouse
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/c3052a70847e466bae965e518d4fdc7d.png)
Changing parameters at a later time
To change the settings of the indicator at a later date:
- Right-click anywhere on the chart area
- Click on Objects List
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/71a2acda0328457ba059523257fc7749.png)
3. Select the channel you want to edit
4. Click on Edit
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/06c30850b7194adbbc66b7c7a7503133.png)
The parameter menu appears. Here you can change the channel.
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/4136f67a65fd422091d2f1fd8246525f.png)
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
- Click Insert, then move to Channels
- Click on Fibonacci
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/f92ab6e2318640b8b44681c626cb4369.png)
3. Click where you want the channel to start
4. Move the mouse to the end of the channel and release the mouse
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/70a49b7969734b978d9d6e39264194c0.png)
Changing parameters at a later time
To change the settings of the indicator at a later date:
- Right-click anywhere on the chart area
- Click on Objects List
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/c74aef0f3ac640169554bfe90d35879e.png)
3. Select the channel you want to edit
4. Click on Edit
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/20d2038bb645444bbd44dc48a0db1428.png)
The parameter menu appears. Here you can change the channel.
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/af4c5e2f0c114d8393a3b4936dd861db.png)
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):
- Right-click anywhere on the chart area
- Click on Objects List
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/fafc0b858fcd4cd087ff929cbdcf2861.png)
3. Select the channel you want to delete
4. Click on Delete