How to use Templates in MT4

Once you have your chart setup with all the indicators you use, the colours you like and the trend lines you want, you may be thinking that you really don’t want to waste time  going through do this on every chart you open in MT4. This is where a template of your how you have configured your charts can help you, to have a constant look and feel to the charts you open.

With a MT4 template you can create a set chart parameters that can be applied to any other charts. that you open. In this template you can store the following;
• The chart type and colour
• Color diagram
• Chart scale
• OHLC (open-high-low-close) line shown or hidden
• The attached expert advisor and its parameters
• Custom and technical indicators with their settings
• Line studies
• Separators of days.

What you could do is create a template that includes indicators that you like to use,for example, a couple of moving averages and then change the colour of the lines and the candlesticks. You can then save this as a template and apply this to any charts that you then open. I have a number of templates that I have created, from very simple changes to colours to the more complicated.

Any templates you create are stored in the /TEMPLATES directory as TPL files, that can be found in the location you installed your copy of MT4 on your VPS or computer.

If you have a look in this folder, you will see a, DEFAULT.TPL, which is created during installation of the terminal, and will be used by any new chart that you open. You can never delete the DEFAULT.TPL, but you could change one of your templates to become the default, by just renaming it to DEFAULT.TPL.  Once you have created your templates you can also copy them to any other installation you have of MT4 you have, say on a VPS, so you can have the same look and feel to MT4.

To go about creating a new template., firstly setup the chart how you want and then in your copy of MT4, on the toolbar goto "Charts — Template — Save Template..." and give it a name that you will remember. 

To then apply this template to another chart, open up a chart, and go to
"Charts — Template” and either click load template and select the template you just created, or you should see it in the list of templates that are available.

If you want to remove the template, just goto "Charts — Template — Remove Template...", while on the chart you want to change and click the template to remove.  You can also get all these options by just rick clicking on your chart.

As you can see getting to grips with templates in Metatrader can save you time and effort, allowing you to quickly set up the charts in any way that you like and apply the templates to any copy of MT4 that you have running, such as your VPS for MT4

I hope you have found this information useful and remember to visit us at Calmahosting.com for tips and tricks on how to use MT4.