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How to Read the Terminal Window in MetaTrader

The Terminal window is the strip along the bottom of MetaTrader 4 where your open trades, closed trades, alarms and the platform's diary live, each on its own tab, with the money line under the open trades. This paper shows you the strip in five lines; the idea as a bank passbook; the money line for a real trade, 0.10 lot of the euro bought at 1.16535 on 25 August 2026 and 16.00 up at 18:00, with balance, equity, margin, free margin and margin level explained; the Account History tab after the close; and the tab strip, Ctrl+T and the View menu on your platform.

Difficulty
Beginner
Reading time
5 min
Pages
8
Reviewed by
Saman Rahbar

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The Terminal window, in five lines

The Terminal window is the strip along the bottom of MetaTrader 4, with a row of tabs. Trade shows every open trade as a row and, under them, the money line. Account History shows every closed trade with its profit, and the totals. Alerts lists the price alarms you have set. Experts and Journal are the platform's own diary: what your programs did, and what the platform itself did, each line with a time. Ctrl+T hides and shows the whole strip, and View, Terminal does the same. The chart is what the market did; the Terminal is what you did and what it has come to.

A bank passbook

Picture a bank passbook lying open. The left page is what happened, one dated line per entry, in or out; the right page is what it has come to, the balance carried down. Nothing on either page is a forecast, and nothing on either page is the market: the passbook records the account, not the weather. The Terminal window is that passbook. The Trade and History tabs are the left page, and the money line under the trades is the right.

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