4 Tips to Use Microsoft Excel in MetaTrader Data

Microsoft Excel is a platform that almost everybody uses. You can use this platform to arrange anything
from material to expenses and more, whether you're a student, a businessperson, a trader, or even a
homemaker. Microsoft Excel tends to be a sheet that will help you handle the content on the board.
However, it has a slew of other features that, when used correctly, could be extremely helpful to
traders.

The MetaTrader 4 platform is a well-known Forex trading platform that comes with a slew of features
and resources to help you trade more efficiently. Traders can use these tools to create effective trading
strategies. You will need to be familiar with MQL programming to get the most out of MT4 tools. Many
people are unfamiliar with coding, and handling all of the Expert Advisors (EAs), and metrics can be
daunting. If you're having trouble understanding MQL, you may want to try Microsoft Excel.

[B]I. Steps to Export MT4 Live Data to Excel[/B]

A trader can use a free MT4 file to export live data from MT4 to Excel. In the first stage, a trader must
allow Enable Dynamic Data Exchange Server (DDE server) in Metatrader Tools/Options. A trader must
then open the DDE-sample File from the Program Files directory as the next step. A trader can adjust
values, add new columns and rows, and new instruments in that Excel file.

Let's take a look at the steps:

Step 1: [B]MT4 DDE server must activate.[/B]

[CENTER][IMG]https://forum.mt5.com/customavatars/1159146590.png[/IMG][/CENTER]

Step 2: [B]Open the DDE Excel sample file[/B]

[CENTER][IMG]https://forum.mt5.com/customavatars/583794793.jpg[/IMG]

[/CENTER]
Step 3. [B]Connect MT4 to Excel Update live data (low, big, query, and bid price) and add new
instruments, quotes, rows, and columns. Traders may use Excel commands to call ASK, BID, Big, and
LOW rates, as well as manually add new instruments.[/B]

[CENTER][IMG]https://forum.mt5.com/customavatars/1289968804.png[/IMG][/CENTER]

In the trading market, this is one of the most straightforward transformations. Live data from MT4 can
easily export to Excel. This guide will show how you can switch prices around:

[I][B]Run Excel Software and Open the Chart[/B][/I][LIST=1]

[*]Open the File by double-clicking it.

[*]Select the File, then Save As. Now you can rename the File to your taste.

[*]Check the File if it is in.csv format. The acronym CSV stands for Comma Separated Values. Microsoft
Excel supports this format.

[*]Eventually, press 'Save,' and you're done.[/LIST]

[B]II. How to Import Historical Records in MT4?[/B]

The historical data in MT4 is restricted when it is first mounted. The information you see when you scroll
comes directly from your broker's server. As a consequence, the platform can sometimes freeze. This
consequence may not be a concern if you're manually checking your technique. If you're doing a
backtest, however, you'll need all of the historical details. M1 can easily be recalculated for other
timeframes. Click "Ctrl+O" in MT4 to open it.[LIST=1]

[*]In a new window, click the "Charts" tab.

[*]Then enter the maximum value in the "Max. bars in history" area.

[*]Choose the Tools from History Center located in the main menu. You can also use the F2 key.

[*]Double-click the currency pair you're trading (in our case, GBPUSD) in the "Symbols" section, then
double-click "1 minute." Select the "import" at the bottom of the window, and the information will
begin to load. Be patient as it can take longer.

[*]After the data has been loaded, you'll see a message promising to recalculate it for various
timeframes. "OK" is pressed. The trading site could then restart.[/LIST]

[B]III. How to Import Historical Records From Other Brokers? [/B]

The quality is essential to see in historical data differs between brokers, and not unusual for the quotes
to have wide gaps. It's not uncommon for the sections to have wide gaps between them. What do you
do if you're disappointed with your broker's historical data? Don't be worried. Other brokers or websites
can conveniently provide data for your chosen currency pair and timeline.

.csv or. hst files are commonly used to store historical data. Place a.hst file in the "History" folder after
downloading it (c:\Program Files\MetaTrader\ history). Make sure the previous File of .hst for the
currency pair in question is deleted.[LIST=1]

[*]Open "History Center" if you downloaded a.csv archive.

[*]Select the "Export." located at the bottom of the window then there will be a new window that
appears.

[*]In the upper right corner, press the "Browse" button. Double-click on the corresponding File
("GBPUSD 1M") on your screen.

[*]You must set a "Shift" value if your broker's time zone varies from the time zone of your downloaded
data.[/LIST]If your downloaded archive is in GMT and your broker is in GMT+2, for example, you must
select "+2" in the "Shift" area. "OK" should be picked. Loading historical data is, as you can see, a breeze.
You'll be able to do it with your eyes closed after you've tried it! Best of luck with your dealing!

[B]IV. How to Get Foreign Exchange Rates in Excel?[/B][LIST=1]

[*]Pick a currency pair to work. E.g., if you want EUR/USD quotes, the first currency will be EUR, and the
second currency will be USD.

[*]For the time for which you want the data, enter the start and end dates.

[*]Select the "Get Forex Info".

[*]The results and the chart will display in the "Data" sheet.[/LIST]

[B]Advantages of Exporting MT4 Rates to Excel [/B]

Let's start with the obvious: Microsoft Excel is simple to use. You can learn the shortcuts through the
several guides available online. Since it is a well-known service, you should be able to find someone in
your region who can tell you more about it. [LIST][*]You can easily access data for more extended
periods, and Excel files don't take up a lot of space. As a result, you can conveniently exchange Excel files
as attachments with others.

[*]If you use several brokers on the MT4 network, you can use this app to compare rates.
[*]Excel does not need high-speed internet. It even functions when you're not connected to the
internet.

[*]You will benefit from this software if you are one of the people who find it difficult to set up
platforms.

[*]Excel does not fail in the same way as other platforms do. If it does, your details will save
automatically.

[*]Excel is not an expensive piece of software because it will not cost you anything if you already have
Office.[/LIST][B]The Limitations Using Microsoft Excel to Export MT4 Rates[/B]

Although MS Excel is an excellent piece of software, it does have a few drawbacks. One of the most
significant drawbacks is MT4's inability to save ask costs. Since the MT4 platform only saves bid values,
you can only export to Excel this information. The history of price fluctuations can easily export the
history of price fluctuations and do so as much as you want; however, MS Excel does not allow you to
stream live data.

To export live MT4 data to Excel, download the [URL="https://www.hotforex.com/sv/en/trading-

tools/premium-trader-excel-rtd.html?refid=10008"]EXCEL RTD Premium Tool-MT4 Excel Plugin[/URL].
MT4 traders can export MT4 data to Excel using a special MT4 Excel plugin.

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