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Line Studies Toolbar Menu on MetaTrader 4 XAUUSD Trading Platform

Sometimes traders will say "oh, I cannot find Fibonacci expansion tool on my MetaTrader 4 where can I get it?"


The thing is that all these line studies are located on the line studies toolbar; however, by default not all are set to display, therefore a xauusd trader must know where to get these tools that are not displayed by default on the MetaTrader 4 XAUUSD Platform. So how can a xauusd trader add a tool, to the line studies toolbar shown below?

Line Studies Toolbar Menu on MetaTrader 4 Gold Trading Platform - Gold MetaTrader 4 XAUUSD Trading Platform Line Studies Tool Bar - Gold Trading Line Studies Toolbar Menu - Customizing Gold Trading Line Studies Toolbar Menu on MetaTrader 4 Gold Trading Software Platform


Customize a Toolbar

To add a tool not listed above a xauusd trader has to follow the following steps



  1. Right Click at the toolbar button to the left of this(Looks like a stack of coins)as shown below


How to Customize and How to Add Tools on The Line Studies Tool Bar in MetaTrader 4 XAUUSD Trading Platform - Gold Trading Line Studies Toolbar Menu - Customizing Gold Trading Line Studies Toolbar Menu on MT4 Gold Trading Platform

3. Click customize
4. Add all Tools



The following customize popup window will appear:

Add Line Tools To The Line Studies Toolbar on MT4 XAUUSD Trading Platform - Gold Trading Line Studies Toolbar Menu - Customizing Gold Trading Line Studies Toolbar Menu on MT4 Gold Trading Platform


Select all the tools from the left window and add them: After adding this will look like:

Customize and Adding All Tools to The Line Studies Toolbar on MT4 XAUUSD Trading Platform - Gold Trading Line Studies Toolbar Menu - Customizing Gold Trading Line Studies Toolbar Menu on MetaTrader 4 Gold Trading Software Platform


The toolbar will now look like:

All Tools on Line Studies Toolbar in The MT4 Gold Platform - Gold Trading Line Studies Toolbar Menu - Customizing Gold Trading Line Studies Toolbar Menu on MetaTrader 4 Gold Trading Software Platform



Explanations of Each Tool

The following is the explanation of each tool on this toolbar.

Explanation of All Tools on the MT4 Gold Platform Lines Toolbar - Gold Trading Line Studies Toolbar Menu - Customizing Gold Trading Line Studies Toolbar Menu on MetaTrader 4 Gold Trading Platform Software


1: Select mouse as cursor, change mouse to the default cursor


2: Select Cross Hair cursor, a type of cursor that maps coordinates to the axis of the charts


3: Draw a vertical line


4: Draw a Horizontal line


5: Draw a xauusd trend line


6: Equidistant Channel


7: Gold Fibonacci Retracement


8: Text button


9: Text Label Button


10: XAUUSD Fibonacci Expansion


11: XAUUSD Trend by Angle


12: Linear Regression Channel


13:Standard Deviation Channel


14: Gann Lines


15: Gann Fan


16: Gann Grid


17: Fibonacci Time zones


18: Fibonacci Fan


19: Fibonacci Arc


20: Cycle Lines


21: Andrew's Pitchfork


22: Insert Ellipse


23: Insert Triangle


24: Insert Rectangle


25: Fibonacci Channels


26: Draw Arrows


How to Remove Tools

As a xauusd trader you will not require all these buttons and you can hide some of them by clicking the customize button, then select some of the items on the right window and then select hide.

How to Remove a Tool From The Lines Toolbar on MT4 XAUUSD Trading Platform - Gold Trading Line Studies Toolbar Menu - Customizing Gold Trading Line Studies Toolbar Menu on MT4 Gold Trading Platform Software


Remove the above tools by clicking on them and then clicking the remove button, so as to save space on your MetaTrader 4 gold trading platform workspace.

 

Metals Trading Symbols

Precious Metal Symbols:
Gold - XAU USD and XAU EUR, Silver - XAG USD and XAG EUR, Platinum - XPT USD, Palladium - XPD USD

Metal Symbols:
Copper - XCU USD, Zinc - XZN USD, Lead - XPB USD, Nickel - XNI USD, Aluminium - XAL USD