Standard Tool-bar Menu and Customizing it on the MT4
Standard Tool-Bar on the MT4 is displayed below:
Before explaining how to use each tool listed on this standard tool bar, lets ensure that all available buttons are added to it by customizing it:
- Right-Click in the tool-bar customize button to the left just as shown below
2. Press customize 3. Set all Tools
Add Tools
After Adding and customizing, it will look like:
On the trading platform software, the standard tool-bar now resembles:
Explanation of Every Tool on the Standard Tool bar
1: Opens a chart in MT4 & a fx trader can specify which type of trading chart to open by clicking drop down arrow just next to its icon.
2: Profile - can be used to load a saved chart profile or to save a new chart profile - these options are provided as a sub menu from the dropdown arrow.
3: Opening and closing market-watch panel panel: market watch displays the currency quote prices for selected currency pairs.
4: Data panel window opens and closes & it shows price data and also other info like trading indicator's data.
5: Navigator Short-Cut, navigator displays Account data, indicators, scripts and EAs data.
6: Terminal panel/window shortcut, highlights the trade transactions opened by a forex trader - indicates open trade transactions, balance, trading equity, trade history, news, Automated EAs tab, signals tab and trade alerts tab.
7: Strategy tester opens the Strategy Tester and traders can test their EAs on this Strategy Tester environment.
8: Places a new order by opening a popup panel where you as a trader can specify the currency to buy, the amount to trade, and if the order will be a market order or set as a pending order.
9: MetaEditor opens the Meta-Editor environment where a trader can add or program an EA or a new trading indicator in this Meta Editor Environment.
10: Help, if you don't know something in MT4 click this & point on any MetaTrader 4 object and get an explanation.
11: Options settings for editing MT4 options that are used by your platform, these settings are the server settings and EAs settings found under main navigation menu on tools menu, options submenu.
12: Full screen option for setting trading chart to full screen, Short-cut is Keyboard Key 'F11'
13: Print Chart
14: Print Preview
15: Expert Advisors - activates and deactivating Expert Advisors(EAs) on a chart, clicking this button changes colour from green to red, green color means EA is allowed, red means Expert Advisor execution not allowed.
Remove Buttons
As a trader you'll not require all these buttons & you as a trader can hide some of them by pressing customize (shown above), then select some of the items onto the right side panel/window & then select hide.
Remove the above tools by clicking on them and clicking remove button.
Study More Lessons and Tutorials & Topics:
- What is Ultimate Oscillator Indicator?
- Medium term Index Trade with MAs Moving Averages Moving Averages MAs
- How to Set MetaTrader 4 Exponential Moving Average Indicator
- Bullish Hidden Divergence and Bearish Hidden Divergence
- How Can I Add DAX in MT5 Android Mobile App?
- AUD CAD Pip Calculator
- Hidden Bullish Trade Divergence RSI and Hidden Bearish Trade Divergence RSI
- Bears Power Forex MT4 Indicator
