On the last tip, we saw how to Add Orders on MetaTrader 4. Today, we will focus on learning How to Use the CrossHair tool on MT4.

Crosshair is a useful tool to know the coordinates of the selected point in a chart or to know the number of pips between two points.

Clicking on the third mouse button or Ctrl+F, the CrossHair tool will be activated. That way, you can know the date, time and value of a point in the chart.

If you leave the left mouse button and you move the cursor, a line that connects the two points will be drawn. The information shown in this line will be: number of bars between the two points, number of pips between two points, actual value of the second point.

In this example, the starting point on the bar from 2009.09.23 3:00 with the 1.4793 and the end point is on 6 bars, 53 pips and a value of 1.4793.