MetaTrader 5 Help

Market Watch

Market Watch

The Market Watch window provides an overview of price data of financial instruments: quotes, price statistics and tick chart. It also provides details of contract specifications and One Click Trading options.

Viewing Quotes of Financial Instruments

The Market Watch features real-time quotes of financial instruments and other price data: spread, volume, etc.

Market Watch

Financial instrument name

Bid price

Ask price

The last price at which the deal was executed

The volume of the last executed deal

Spread — the difference between the Bid and Ask prices

The last quote arrival time

The displayed data can be configured in the context menu. For example, you can show the "Bank" field — the provider of the financial instrument liquidity.

Double-clicking on one of the instruments opens a new position opening window. A symbol chart can be opened by dragging it to the chart viewing area using a mouse (Drag'n'Drop); in this case windows of currently open charts will be closed. If you hold down "Ctrl" while dragging, the chart is opened in a separate tab, and other charts remain open.

Prices in the "Market Watch" window have different colors:

  • Blue — the current price is higher than the previous one;
  • Red — the current price is lower than the previous one;
  • Gray — the price has not changed for the last 15 seconds.

If the depth of market and the Last trade price is available for a symbol, the color is determined by the Last price. Otherwise, the color is determined by the Bid price.

Fast Adding of Symbols

To quickly add a symbol in the Market Watch, click + below the list and enter the name of the symbol. While you type in the name, the list of suitable symbols is shown.

To quickly add a symbol click on + at the bottom and enter the name

Information about the current number of symbols in the Market Watch and the total number of available symbols is available at the bottom of the list.

Viewing Trade Statistics of Financial Instruments

To view statistics, select a financial instrument in the "Symbols" tab and click "Details".

Statistical details of an instrument are available on the Details tab

The statistical information includes:

  • Bid — bid price;
  • B. High — Bid High, the highest bid price for the current day;
  • B. Low — Bid Low, the lowest bid price for the current day;
  • Ask — ask price;
  • A. High — Ask High, the highest ask price for the current day;
  • A. Low — Ask Low, the lowest ask price for the current day;
  • Last — the last price at which a deal was executed;
  • L. High — Last High, the highest price at which a deal was executed for during the current day;
  • L. Low — Last Low, the lowest price at which a deal was executed for during the current day;
  • Volume — the volume of the last executed deal;
  • V. High — Volume High, the highest deal volume for the current day;
  • V. Low — Volume Low, the lowest deal volume for the current day;
  • Dealsthe total number of deals executed during the current session;
  • Deals Volume — the total volume of deals executed during the current session;
  • Turnover — money turnover for a symbol for the current session;
  • Open Interestthe total volume of effective contracts (futures, options) which have been settled yet;
  • Buy Orders — the total number of buy requests;
  • Buy volume  — the total volume of buy orders;
  • Sell Orders — the total number of sell requests;
  • Sell Volume — the total volume of sell orders;
  • Open Price —  the open price of the last (recent) session;
  • Close Price — the close price of the last (recent) session;
  • Average Weighted Price — the weighted average price for a session;
  • Settlement Price — the settlement (clearing) price of the previous session;
  • Price Change — price change in percentage terms; Indicates the difference between the price of a last deal (Last) and the close price of the last session in percentage terms: ((Last - Settlement Price)/Settlement Price)*100.

The number of statistical values depends on the brokerage company.

One Click Trading

The One Click Trading option is available on the "Trading" tab. Upon clicking on the "Sell" or "Buy" button, a request to perform the corresponding trade operation in the specified volume is instantly sent to the server. This trading mode is available under the following conditions:

In other cases, a click on a button opens the order creation window.

One Click Trading

Financial instrument name

The last quote arrival time

A command to perform a Sell deal

A command to perform a Buy deal

Volume control: use arrows on the right and the left of the field, or use a keyboard

Current Bid price

Current Ask price

The lowest Bid price for the current day (Bid Low)

The highest Ask price for the current day (Ask High)

Current spread and swap for short and long positions. If the price of the last executed deal is available for a symbol, it is displayed instead of spread and swap.

This window contains panels for performing trade operations with different symbols. The set of symbols for quick trading is taken from the list on the "Symbols" tab and can be adjusted using the "Symbols Symbols" command in the context menu.

  • Be careful, once the "Sell" or "Buy" button is pressed, the corresponding request to buy or the sell the specified amount of a selected symbol is immediately sent to the server without any additional confirmation.
  • The execution of the commands mentioned above does not always result in a corresponding deal. The reason can be a requote, refusal of a brokerage company, etc. In this case, an appropriate message is added to the platform log.
  • In the Instant Execution mode, the allowable price deviation in orders is set in accordance with the "Use deviation" option.
  • The Fill Policy is selected based on the trading instrument execution mode: for exchange execution it is always "Return", for market execution it is either "Fill or Kill" or "Immediate or Cancel" (depending on what policy is allowed for the symbol), for instant and request execution it is always "Fill or Kill".
  • When a requote is received, an appropriate message is added to the platform journal and a requote sound is played.

Depending on the quotes, the trade operation execution and price field may have different colors:

  • Blue — the current price is higher than the previous one;
  • Red — the current price is lower than the previous one;
  • Gray — the price has not changed for the last 15 seconds.

If the depth of market and the Last trade price is available for a symbol, the color is determined by the Last price. Otherwise, the color is determined by the Bid price.

Managing Symbols

Open the window for managing symbols with the command "Symbols Symbols" of the context menu of the "Market Watch" window. It allows you to hide and show symbols in this window, as well as view their properties:

Double-click on a symbol to add it to the Market Watch

All symbols available in the platform are displayed here. A double click on a symbol name is used for hiding or showing it in the Market Watch window. The same actions can be performed by buttons "Hide" and "Show".

  • If there are open positions or pending orders for the financial instrument, or when its chart is open, the instrument cannot be hidden from the Market Watch.
  • If a symbol is hidden in the Market Watch, its data cannot be used in MQL5 programs and the Strategy Tester.
  • No more than 1000 financial instrument can be added to "Market Watch".

At the bottom of the window, properties of the selected symbol are shown.

To quickly find a symbol, use the filter at the top of the window. Type the first letters of the symbol name or description in it. A list of symbols corresponding to the search string appears below.

Relevance of Trading Instruments

All expired symbols are hidden to preserve a more compact display. This is particularly convenient when working on the futures market. A non-relevant symbol is the expired one, which is defined by the "Last trade" parameter. This date is specified in the "Expiration" column of the list of symbols. To view all symbols, click "Show expired contracts".

For convenience, the list of symbols is automatically sorted:

  • symbols without the expiration date are listed first
  • next go symbols with an expiration date starting with the nearest date
  • then follow expired symbols starting with the last expired one
  • other symbols sorted alphabetically

Option "Auto remove expired" in the context menu allows to automatically replace expired symbols with active ones in the Market Watch window. After the platform restart, expired symbols are hidden, and active ones are added instead. For example, the expired futures contract LKOH 3.15 will be replaced with the next contact of the same underlying asset LKOH 6.15.

Symbols in the appropriate open charts are also replaced, provided there are no running Expert Advisors on them.

Expired symbols are hidden and replaced only after the platform restart.

Viewing Symbol Specification

The symbol specification window features the symbol trading conditions (contract specification). To start viewing properties of the selected symbol, click "Specification Specification" in the context menu of the Market Watch window.

To view symbol parameters select Specification in its context menu in Market Watch

The following set of parameters set by a broker is displayed here:

  • Symbol name and description — the name of a symbol and its short description. This parameter can be a link to a website containing symbol information. A popup tip with the link address appears when you hover the mouse over it.
  • Spread — spread in points. If the spread is floating, then the appropriate record is specified in this point (floating).
  • Digits — number of decimal places in the price of the symbol.
  • Stops level — channel of prices (in points) from the current price, inside which one can't place Stop Loss, Take Profit and pending orders. When placing an order inside the channel, the server will return message "Invalid Stops" and will not accept the order.
  • Contract size — number of units of the commodity, currency or financial asset in one lot.
  • Margin currency — currency, in which the margin requirements are calculated.
  • Profit currency — currency, in which the profit of the symbol trading is calculated.
  • Calculation — method used for margin calculation: Forex, CFD, CFD Leverage, CFD Index, Futures, Exchange Futures, Exchange Stocks, FORTS Futures, Collateral;
  • Tick size — minimum price change step.
  • Tick value — cost of a single price change point.
  • Initial margin — security deposit (margin) provided for a fixed-term contract to perform a one-lot deal. If the initial margin value is specified for the symbol, this is the value that is used. Margin calculation formulas are not applied to the appropriate calculation type.
  • Maintenance margin — minimum security deposit (margin) a trader should have on his or her account to maintain a one-lot position;
  • Hedged margin — the margin charged per one lot of hedged positions. You can also select here margin calculation mode for hedged positions — using the larger leg;
  • Margin rate — margin rates for various order types are specified in this table. The rates are set for the initial and maintenance margin individually. If no ratio is set for the maintenance margin (set to zero), the initial margin ratio is applied used for it.
  • Market Buy Order — a multiplier for calculating margin requirements for long positions relative to the basic margin amount;
  • Market Sell Order — a multiplier for calculating margin requirements for short positions relative to the basic margin amount;
  • Buy limit — a multiplier for calculating margin requirements for Buy Limit orders relative to the basic margin amount;
  • Sell limit — a multiplier for calculating margin requirements for Sell Limit orders relative to the basic margin amount;
  • Buy stop — a multiplier for calculating margin requirements for Buy Stop orders relative to the basic margin amount;
  • Sell stop — a multiplier for calculating margin requirements for Sell Stop orders relative to the basic margin amount;
  • Buy stop limit — a multiplier for calculating margin requirements for Buy Stop Limit orders relative to the basic margin amount;
  • Sell stop limit — a multiplier for calculating margin requirements for Sell Stop Limit orders relative to the basic margin amount.
  • Trade — symbol trading mode (full access, long only, short only, close only). Also, trading can be completely prohibited.
  • Executionexecution mode: Instant, Request, Market, Exchange.
  • Type of orders — types of orders placed:
  • Good till today including SL/TP — orders that are valid only during one trading day. With the end of the day, all of the Stop Loss and Take Profit levels, as well as pending orders are deleted;
  • Good till canceled — pending orders are preserved for the next trading day;
  • Good till today excluding SL/TP — only pending orders are deleted at the end of a trading day, while Stop Loss and Take Profit levels are preserved.
  • Good till Canceled — order lifetime is unlimited;
  • Intraday — orders are canceled at the end of the current trading;
  • Specified time — the order is canceled at a user-specified time;
  • Date — the order is canceled at the end of the day specified by the user.
  • Orders— allowed order types: market, limit, stop, stop-limit, Stop Loss and Take Profit.
  • Minimal volume — minimal volume of a deal for the symbol.
  • Maximal volume — maximal volume of a deal for the symbol.
  • Volume step — volume change step.
  • Swap type — type of swap calculation:
  • In points — the specified number of points of the security price;
  • In the base currency — the specified amount in the symbol base currency;
  • In the margin currency — the specified amount in the symbol margin currency;
  • In the deposit currency — the specified amount in the deposit currency;
  • As a percentage of current price — the specified percentage of the symbol price at the time of swap calculation;
  • As a percentage of the open price — the specified percentage of the position open price;
  • In points, re-open at Close price — the position is closed at the end of the trading. The next day the position is re-opened at the close price +/- the specified number of points;
  • In points, re-open at the Bid price — the position is closed at the end of the trading day. The next day the position is re-opened at the Bid price +/- the specified number of points.
  • Swap long — swap for Buy positions.
  • Swap short — swap for Sell positions.
  • 3-days swap — day of the week when a triple swap is charged.
  • First trade — the day when the financial instrument trading started.
  • Last trade — the day when the financial instrument trading ended.
  • Face value — initial bond value set by the issuer.
  • Accrued interest — part of the coupon interest of bonds, which is calculated in proportion to the number of days since the coupon bond issue date or since the previous coupon payment.

Sessions

The lower part shows information about quoting and trading sessions of the symbol. Sessions are specified for every day of the week.

Spreads

The margin can be charged on preferential basis in case trading positions are in spread relative to each other. The spread trading is defined as the presence of the oppositely directed positions of correlated symbols. Reduced margin requirements provide more trading opportunities for traders.

More detailed information on spread can be found in the appropriate section.

Viewing the Tick Chart

To view the tick chart of an instrument, select a symbol in the "Symbols" tab of the Market Watch and switch to the "Ticks" tab.

To view a tick chart, select the symbol and go to the Ticks tab

  • The platform stores up to 2000 last ticks for each symbol.
  • The tick chart is cleared and then redrawn in case you delete and re-add a symbol in the Market Watch window. Previous tick data can also be cleared for a correct scaling of the tick chart (if current prices differ from previous prices significantly).

Popup Prices

This window allows displaying price information on screens of all sizes — its main feature is font scaling. To open it click "Popup Prices Popup Prices" in the context menu of the Market Watch.

To view quotes on large screens, click on Popup Prices in the context menu of the Market Watch

It displays information similar to the Market Watch window, including the same set of symbols and columns:

  • Bid — bid price;
  • B. High — Bid High, the highest Bid price for the current day (for exchange instruments);
  • B. Low — Bid Low, the lowest Bid price for the current day (for exchange instruments);
  • Ask — ask price;
  • A. High — Ask High, the highest Ask price for the current day (for exchange instruments);
  • A. Low — Ask Low, the lowest Ask price for the current day (for exchange instruments);
  • Last — the last price, at which a deal was executed (for exchange instruments);
  • L. High — Last High, the highest price, at which a deal was executed during the current day (for exchange instruments);
  • L. Low — Last Low, the lowest price, at which a deal was executed during the current day (for exchange instruments);
  • Volume — the volume of the last executed deal;
  • V. High — Volume High, the highest deal volume for the current day (for exchange instruments);
  • V. Low — Volume Low, the lowest deal volume for the current day (for exchange instruments);
  • ! — spread, difference between the Bid and Ask prices;
  • Time — the time of the last quote;
  • Bank — symbol liquidity provider.