MetaTrader 4 Gold Platform Guide
The MT4 Navigator window panel is mainly used to navigate the most widely used areas of the MT4 software. These areas are:
- Accounts: Demo & Live Accounts
- Indicators
- Expert Advisors: A list of automated xauusd robots within this MT4 platform
- Custom Indicators:
- Scripts: Scripts are used to execute some tasks in the MetaTrader 4
As a xauusd trader once you have selected the Navigator Button the following navigator window will appear on your MetaTrader 4.
MetaTrader 4 Navigator
The First menu option on the Navigator list is the Accounts tab. To view the accounts tab, you can click the expand button key (marked as +), & a list of your saved accounts will appear. Every time you login 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 sign in to that account. You can switch from one account to the other using this xauusd accounts tab.
The example shown below shows two accounts recorded under this tab, a demo xauusd account marked as a green cartoon and a Live account marked as a xauusd trading cartoon. From this xauusd accounts tab, a xauusd trader can switch between any of this two accounts by double-clicking on any one of them.
Indicators, Expert Advisors, Custom Indicators & Scripts
- Indicators
- Expert Advisors: A list of automated xauusd robots within this MT4 platform
- Custom Indicators:
- Scripts: Scripts are used to execute some tasks in the MetaTrader 4
The above are shown below on the screen-shot, to view more option under each of these, traders click the expand button "+ button key", this will show more options, to hide, just click the "- button key". For example the "Expert-Advisors" option below has been expanded.
These topics will be covered in more details later, but for now as a xauusd trader the following brief introduction about each will do.
Indicators: Indicators are technical analysis tools used in trading & placed on XAUUSD Trading chart, these tools are used to generate buy & sell signals.
Expert Advisors: Automated Trading bots that are used to place trades by generating buy and sell signal automatically using programs that are coded using the MQL4 coding language.
Custom Technical Indicators: A custom indicator includes an indicator that you've modified or downloaded from the internet & then installed it on your MetaTrader 4 software, this indicator will be listed here as a "custom 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 is a topic for later.)
The Navigator will be one of your mainly used when trading, to access it using a shortcut, press 'Ctrl+N' button on your key board to display or hide it.
