MT5 Navigator Window
The MT5 Navigator window is mainly used to navigate the most widely used areas of the MT5 Bitcoin Trading Software Platform. These areas are:
- Accounts: Demo & Live Accounts
- Indicators
- Automated CryptoCurrency EAs: A listing of automated bots within this MetaTrader 5 Crypto Trade Platform
- Custom Indicators:
- Scripts: Scripts are used to execute some tasks in the MT5 Platform
As a trader once you have selected the Navigator Button the following navigator window will appear on your MT5.
MT5 Navigator
First menu option on Navigator list is Accounts tab. To view the accounts tab, you as a trader can click the expand button (marked & labeled as +), & a list of your saved accounts will pop up. Every time you sign in with a new MT5 account the sign in credentials/details will be saved under this 'Accounts Tab'.
By double clicking on any MT5 account you as a trader can activate the sign in & login to that trading account. You can switch from one MT5 account to the other using this bitcoin trading accounts tab.
The example shown below illustrates two trading accounts recorded under this tab, a demo MT5 account marked and labeled as a green cartoon and a Live MT5 account marked & labeled as a bitcoin cartoon. From this btcusd accounts tab, a btc/usd trader can switch between any of these 2 accounts by doubleclicking on any one of them.
MT5 Navigation Menu
- Indicators
- Automated BTC/USD CryptoCurrency EAs: A listing of automated bots within this MT5 Bitcoin CryptoCurrency Platform
- Custom Trading Indicators:
- Scripts: Scripts are used to execute some tasks on MT5 Software Platform
The above are shown below on the screen shot, to view and get more options under each of these, traders click the expand button "+ button", this will show more options, to hide, just click the " - button". For examples the "Automated Bitcoin EAs" option below has been expanded.
These courses will be discussed in more details later, but for now as a btcusd trader the following brief intro about each will do.
Indicators: Indicators are cryptocurrency trading analysis tools used in trading & placed on Bitcoin Trading chart, these tools are used to generate buy and sell signals.
Automated Bitcoin Expert Advisors: Automated bots that are used to place trades by generating buy & sell cryptocurrency signal mechanically using programs that are programmed using the MQL4 coding language.
Custom Indicators: A custom indicator includes an indicator that you have modified or downloaded from the internet and then installed it in your MT5 BTC/USD Crypto Software, this trading indicator will be listed here as a "custom technical indicator"
Scripts: This is a function used to perform and carry out a certain task, for example if you open five cryptocurrency trades and want to close-out all of them at once you can attach a 'script close' in your trading chart therefore closing all open trade positions at once (However, you need to set-up some settings on MetaTrader platform to allow for scripts execution trading, that's a topic for later.)
Navigator will be one of your mainly used panel when trading, to access it using a short-cut, press 'Ctrl+N' button on your key board to display or hide it.
Learn More Topics & Courses:
- BTC USD Trade Reversal Strategy
- How Do I Analyze Chart Using Downward Trend?
- How to Modify Stop Loss BTC USD Order on MetaTrader 4 Platform
- Learn How to Use MT4 Trading Software Platform Tutorial Guide
- How to Interpret and Analyze BTC USD MT4 Trade Platform Tutorial Course Chart Analysis BTC USD Beginners Tutorial Lesson