Standard Toolbar Menu and Customizing it on MetaTrader 4
The Standard Toolbar on the MT4 is shown below:
Before explaining how to use each tool listed on this standard toolbar, let's make sure that all the available button keys are added to it by customizing it:
- Right Click on the toolbar customize button to the left as shown below
2. Click customize 3. Add all Tools
Add Tools
After Adding & customizing, it will look like:
On the platform, the standard tool-bar now looks like:
Explanation of Each CFDs Trading Tool on the Standard Tool bar
1: Opens a cfd chart in MT4 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 chart profile or to save a new chart profile - these options are provided as a sub menu from the dropdown arrow.
3: Opening & closing market watch window panel: market watch displays the cfd quote cfd prices for selected cfd trading instruments.
4: Data window panel opens & closes & it displays cfd price data as well as other information like indicator's data.
5: Navigator Short-cut, navigator displays Account information, indicators, scripts & Expert-Advisors data.
6: Terminal window panel short cut, displays the transactions opened by a trader - shows open trades, balance, account equity, transaction history, news, Expert Advisors tab, signals tab & 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 trading instrument 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 EA or a new technical indicator on this Meta Editor Environment.
10: Help, if you don't know something in the MetaTrader 4 click this & point on any MetaTrader 4 object & get an explanation.
11: Options settings for editing MT4 options which are used by your trading platform, these settings are the server settings & Expert-Advisors settings found under main navigation menu on the tools menu, options sub menu.
12: Full screen option for setting chart to full screen option, Short-cut is Key-board Key "F11"
13: Print Chart
14: Print Preview
15: Expert-Advisors - activates and deactivating Expert Advisors on a cfd chart, clicking this button changes color from green to red, green color means EA is allowed, red means Expert Advisor execution not allowed.
Remove Buttons
As a trader you will not require all these buttons & you can hide some of them by clicking customize (shown above), then select some of the items on the right side panel and then choose hide.
Remove the above tools by clicking on them & then clicking the remove button.
