MetaTrader 4 Platform Guide

The MT4 Navigator window panel is mainly used to navigate the most widely used areas of the MT4 platform. These areas are:

1. Accounts: Demo & Live Accounts
2. Indicators
3. Expert Advisors: A list of automated robots within this Meta Trader 4 platform
4. Custom Indicators:
5. 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.

MetaTrader 4 Navigator

The First menu option on the Navigator list is Accounts tab. To view accounts tab, you can click 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 accounts tab.

The example shown below shows two accounts recorded under this tab, a demo account marked as a green cartoon and a Live account marked as a xauusd trading cartoon. From this accounts tab, a trader can switch between any of this two accounts by double-clicking on any one of them.

Indicators, Expert Advisors, Custom Indicators & Scripts

1. Indicators
2. Expert Advisors: A list of automated robots within this Meta Trader 4 platform
3. Custom Indicators:
4. 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 illustrate more options, to hide, just click " - 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 trader the following brief introduction about each will do.

Technical Indicators: Indicators are technical analysis tools used in trading & placed on XAUUSD Trading chart, these tools are used to generate buy and 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 inter net & then installed it on your MetaTrader 4 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 on your key board to display or hide it.