Standard Toolbar Menu and Customizing it on MetaTrader 5
The Standard Toolbar on the MT5 is shown below:
Before explaining how to use each tool listed on this standard toolbar, let's make sure that all the available buttons are added to it by customizing it:
- Right Click on the MT5 toolbar customize button to the left as shown below
2. Click customize 3. Add all Tools
Add Tools
After Adding & customizing, it'll look like:
On the platform, the standard MT5 tool-bar now looks like:
Explanation of Each CFD Trading Tool on the Standard Toolbar
1: Opens a cfd chart on MT5 and a trader can specify which type of chart to open by clicking the drop down arrow next to its icon.
2: Profile - can be used to load a saved profile or to save a new profile: these options are provided as a sub-menu from the drop-down arrow.
3: Opening and closing market watch window panel: market watch displays the cfd quote cfd prices for selected cfd instruments.
4: Data window opens & closes & it displays cfd price data as well as other data like indicator's data.
5: Navigator Short cut, navigator displays Account data, indicators, scripts & Expert Advisors data.
6: Terminal window panel shortcut, displays the trade transactions opened by a trader - shows open trades, balance, MT5 account equity, transaction history, news, Expert Advisors tab, signals tab and trade alerts tab.
7: Strategy tester opens the CFD Strategy Tester & traders can test their Expert-Advisors on this CFD Strategy Tester environment.
8: Places a new order by opening a popup panel where as a trader you can specify the cfd to buy, the amount to trade, and if the order will be a market order or set as a pending cfd trading order.
9: MetaEditor opens the Meta Editor environment where trader can add or program an Expert Advisor or a new technical indicator on this Meta Editor Environment.
10: Help, if you don't know something on MetaTrader 5 click this & point on any MetaTrader 5 object & get an explanation.
11: Options settings for editing MT5 options which are used by your platform, these settings are server settings & Expert Advisors settings found under main navigation menu on the tools menu, options submenu.
12: Full screen option for setting trading chart to full screen option, Short-cut is Key-board Key 'F11'
13: Print Chart
14: Print Preview
15: EAs - activates & deactivating Expert Advisors on a cfd chart, clicking this button changes color from green to red, green color means Expert Advisor is allowed, red means Expert Advisor execution not allowed.
Remove Buttons
As a trader you will not require all these buttons & you as a trader can use hide some of them by clicking customize (shown above), then choose some of the items on the right side panel & then choose hide.
Remove the above tools by clicking on them and then clicking the remove button.
