Need help setting up Meta Trader

Beginner Questions
1

I have installed the Meta Trader on my pc, but I have trouble in setting it up. In the pip my system, it has been mentioned to do the following

4hr. Chart Settings:

5 EMA applied to the close
10 EMA applied to the close
Stochastics (10,3,3) (Use slow and simple settings)
RSI (9) (Simple)

When I open the moving average indicator, in the parameter tab I see period, shift method and apply to options, how do I set the following :
5 EMA applied to the close
10 EMA applied to the close

Then there is levels tab which I don’t know how to use.

Under Oscillators, when I select RSI, ther is Periods, apply to, fixed min and fixed max options and I do not know how to set the following :
RSI (9) (Simple)

And there are ither variables in the Levels tab. It a bit confusing, even after reading their help.

Could some one help me in this? Are there any easier softwares than this? Any help is greatly appreciated.

2

Hej Donsls,

This is how you setup 5 EMA to close:

3

Well donsls, you don�t have to look for an easier software than MT4, I actually think it�s pretty user friendly. I�m a newbie and felt the same way, but after a couple of days poking it around I got the hang of it, I�m working with 3 indicators right now. Good luck. :cool:

4

Thanks for the replies. Much appreciated. You mentioned how to setup the 5EMA, but the document says to set it up to 5 and 10. Am I missing something or is the document is incorrect? And what about RSI?

5

RSI is a trend indicator, personally, I prefer William�s Percent Range, it�s similar but more reliable I think. :cool:

6

Look at the MQL4 site. I think they are the ones that wrote MT4.