MT4 CFDs Platform Guide
The MT4 Navigator window panel is mainly used to navigate the most widely used areas of MT4 platform. These areas are:
- Accounts: Demo & Live Accounts
- Indicators
- Expert Advisors: A list of automated cfd robots within this MT4 platform
- Custom Indicators:
- Scripts: Scripts are used to execute some tasks in the MetaTrader 4
As a trader once you have selected the Navigator Button the following navigator window will appear on your MetaTrader 4.
MT4 Navigator
The First menu option on the Navigator list is Accounts tab. To view accounts tab, you can click expand button (marked as +), & a list of your saved accounts will appear. Every time you sign in with a new account the details will be saved under this "Accounts Tab".
By double-clicking on any account you can activate the log in and login to that account. You can switch from one account to the other using this cfds accounts tab.
The example explained and illustrated below shows two accounts recorded under this tab, a demo cfd account marked as a green cartoon and a Live account marked as a cfd trading cartoon. From this cfds accounts tab, a trader can switch between any of this two accounts by double-clicking on any one of them.
MT4 Navigation Menu
- Indicators
- Expert Advisors: A list of automated cfd robots within this MT4 software
- Custom Indicators:
- Scripts: Scripts are used to execute some tasks in the MetaTrader 4
The above are shown below on screen-shot, to view more option under each of these, traders click the expand button key "+ button", this will illustrate more options, to hide, just click " - button". For example the "Expert-Advisors" option below has been expanded.
These topics will be covered in more details later, but for now as a trader the following brief introduction about each will do.
Technical Indicators: Technical Indicators are technical analysis tools used in trading & placed on CFD chart, these tools are used to generate buy and sell cfd trade signals.
Expert Advisors: Automated robots that are used to place trades by generating buy & sell signal automatically using programs that are coded using the MQL4 programming language.
Custom Indicators: A custom indicator includes an indicator that you've modified or downloaded from the inter net & then installed it on your MT4 software, this technical indicator will be listed here as a "custom technical indicator"
Scripts: This is a function used to perform a certain task, for example if you open five trades & want to close all of them at once you can attach a "script close" on your chart thereby closing all open trades at once (However, you need to set up some setting on the MetaTrader to allow 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 shortcut, press "Ctrl+N" button key on your key board to display or hide it.
