Exness MetaTrader 4 — What the First Launch Set For You — the Philippines

Measured order execution — Standard

How orders actually filled when real market orders were placed on Exness’s MT5 feed — fill time, slippage and rejects by order size:

Small sample (a few round-trips per size); indicative. The same pricing engine feeds every platform the broker offers.

What MT4 opens with, before anything is set

• Connects to any Exness account type — Standard, Standard Cent, Pro, Raw Spread or Zero
• Market Watch opens on the list the server sends, not on everything that can be traded
• Nine timeframes are available, and a chart holds the one it opened on until it is changed
• 30+ built-in technical indicators are installed, and none of them are on a chart until they are put there
• Charts use the terminal's own template until a template of yours is saved over it
• History arrives as a chart is scrolled back, and how far back it goes is a setting rather than a property of the account
• Execution is instant or market depending on the account type, and the terminal does not ask
• Market orders plus four pending-order types, each with an optional Stop Loss and Take Profit
• 128-bit SSL encryption between the terminal and the Exness servers
• The profile does not follow you between Windows, macOS, the MT4 WebTerminal and the phone — each one starts on its own defaults

Market Watch is a shortlist, not the market

The panel that opens on the left is not an inventory. It is a shortlist the server hands over, and the instruments missing from it are not unavailable — they are simply not shown until they are unhidden.

This produces a specific and quite common error: concluding that something cannot be traded here because it is not in the list. The list is a display setting; what an account can reach is a different question with a different answer.

The opposite error costs more. A shortlist longer than the handful of instruments actually traded turns every session into a scan, and a scan is where attention goes to die. Cutting Market Watch down to what is genuinely traded is the single highest-value edit of a first session.

The template is a decision that gets made once and inherited forever

Every chart opened before a template of yours exists arrives on the terminal's own. Colours, grid, the presence or absence of a volume pane, whether the bid line is drawn — all supplied.

That would be harmless if charts were read consciously. They are not; they are read at a glance, and a glance is trained by whatever it has seen most. A default template quietly teaches a reading habit that then has to be unlearned on the day the layout finally gets changed.

So the template is worth building deliberately and early, and worth saving so it applies to every chart opened afterwards. Not because any particular arrangement is right, but because an arrangement that was chosen can be reasoned about and a supplied one cannot.

History is fetched, not held

A chart shows what the terminal has already pulled down. Scroll back far enough and there is a moment where the bars simply stop, and how much of it is kept and drawn is governed by settings with preset values rather than by anything about the account.

That matters most for anybody testing an idea against the past, because the sample being tested is silently bounded by a setting nobody looked at. A conclusion drawn from what happened to be loaded is not a conclusion about the instrument.

It matters again on a timeframe change, where a chart that looked complete on one interval becomes visibly short on another. The fix is not clever — it is knowing the limit exists, raising it on purpose, and letting the terminal finish fetching before reading anything into the left edge of the chart. What arrives differently in MT5 is a separate list.

Turning a supplied profile into a described one

1. Empty Market Watch down to the instruments actually traded, then add back anything genuinely watched. A short list is a working list.
2. Open one chart, put the indicators actually used on it, arrange it, and save it as a template so every later chart inherits the arrangement.
3. Pick the timeframe deliberately and note that a chart holds whatever it opened on — the interval on screen is not a statement about the instrument.
4. Scroll back to the left edge on purpose to find where the loaded history stops, and raise the limit before it matters rather than during a test.
5. Read the execution mode on an order ticket once, so it is a known property of the account rather than a surprise on the first fill. The execution page covers what that mode governs.

Everything on this list lives on the machine in front of you. None of it travels to a second computer, and none of it is stored with the account.

MT4 at first launch: what is supplied and what has to be built

The first four rows are per-machine and are rebuilt from scratch on a second computer. The fifth is an account fact and is identical everywhere.

Related Exness pages