Monitoring all open trades simultaneously in MetaTrader (MT4 and MT5) is essential for effective trade management and risk control. MetaTrader provides various tools and features that allow traders to view and manage all active positions in one place.

Access the Terminal Window

The Terminal window is the primary tool for monitoring all open trades in MetaTrader. To open it:

• Press Ctrl + T on your keyboard.
• Alternatively, go to View > Terminal in the top menu.

The Terminal window will appear at the bottom of the platform.

Use the Trade Tab

The Trade tab in the Terminal window displays all open trades. It includes:

• Instrument: The currency pair or instrument being traded.
• Order Type: Identifies the trade as Buy or Sell.
• Lot Size: The position size for each trade.
• Entry Price: The price at which the trade was executed.
• Stop-Loss and Take-Profit Levels: Displays risk management settings if configured.
• Current Price: The real-time market price.
• Profit/Loss: The running profit or loss for each position.
• Account Summary: Shows total balance, equity, margin, free margin, and margin level.

Enable One-Click Trading

For faster monitoring and trade adjustments, activate One-Click Trading:

• Right-click on the chart and select One-Click Trading or press Alt + T.
• Use the Buy and Sell buttons displayed on the chart for quick actions while reviewing trades.

Use the Chart Window for Visual Monitoring

You can monitor trades visually by enabling order display on charts:

• Right-click on the chart and select Properties > Show > Show Trade Levels.
• This displays entry, stop-loss, and take-profit levels directly on the chart, helping you assess trade placement relative to market movements.

Set Up Alerts

To track specific price levels or changes in trade status:

• Go to the Alerts tab in the Terminal window.
• Right-click and select Create.
• Set the conditions (e.g., price reaching a specific level) to receive a notification.

Use the Account History Tab

While the Trade tab is for monitoring active trades, the Account History tab shows closed trades and overall performance.

• This is useful for reviewing previous trades and comparing them to current positions.

Install Trade Management Tools

For enhanced monitoring, install plugins or Expert Advisors (EAs) designed for trade management. These tools provide advanced features like grouping trades by instrument, automatic risk calculation, or detailed analytics.

Tips for Monitoring Open Trades Effectively

• Customise Columns: Right-click on the Trade tab to add or remove columns such as Commission, Swap, or Comment for better insights.
• Sort Trades: Click on column headers (e.g., Instrument, Profit) to sort trades by specific criteria.
• Use Multiple Screens: Open different charts for each instrument on separate screens to visually monitor all trades.
• Group by Instrument: Focus on trades for the same currency pair to evaluate overall exposure.

FAQs

Where can I see all open trades in MetaTrader?
You can view all open trades in the Trade tab of the Terminal window.

Can I monitor trades visually on charts?
Yes, enable Show Trade Levels in the chart settings to view open positions and related levels.

How do I customise the Trade tab?
Right-click on the Trade tab and select Columns to add or remove specific data fields.

Can I receive alerts for open trades?
Yes, use the Alerts tab in the Terminal window to set notifications for price changes or specific conditions.

How do I monitor multiple trades in different instruments?
Use the Terminal’s Trade tab to view all trades or open separate charts for each instrument.

Can I manage trades from the Terminal window?
Yes, double-click on any trade in the Trade tab to modify or close it.

What is the purpose of the Account Summary?
It shows vital account metrics like balance, equity, margin, and running profit/loss to help manage risk.

Can I track swaps and commissions in the Trade tab?
Yes, add the Swap and Commission columns to the Trade tab for detailed cost monitoring.

How do I close all trades at once?
Use scripts or Expert Advisors (EAs) specifically designed to close all trades simultaneously.

Is it possible to automate trade monitoring?
Yes, use custom EAs or third-party tools to automate monitoring and management of open trades.

Conclusion

Monitoring all open trades in MetaTrader is simple with the Trade tab, visual trade levels on charts, and customisable features. By leveraging built-in tools and additional plugins, you can efficiently track and manage your positions while maintaining control over risk. Unlock your full potential with our expert-led trading courses. Gain insights, learn winning strategies, and take control of your trading journey today.