Standard Tool Bar Menu and Customizing it on MT4
The Standard Tool-Bar 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 buttons are added to it by customizing it:
- Right-Click the toolbar customize button to the left as shown below
2. Click customize 3. Add all Tools
Add Tools
After Adding and customizing, it will look like:
On the platform, the standard tool-bar now looks like:
Explanation of Every Tool on the Standard Tool Bar
1: Opens a chart on MetaTrader 4 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: market watch displays the quote prices for chosen instruments.
4: Data window opens & closes & it displays 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 shortcut, 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 Trading Strategy Tester & traders can test their Expert Advisors on this Strategy Tester environment.
8: Places a new order by opening a popup panel where as a trader you can specify the instrument to buy, the amount to trade, & if the order will be a market order or set as a pending trade order.
9: Meta Editor opens the Meta Editor environment where a trader can add or program an EA or a new indicator on this Meta Editor Environment.
10: Help, if you do not know something on the MetaTrader 4 click on this & point on any MT4 object & get an explanation.
11: Options settings for editing the MetaTrader 4 options which are used by your platform, these settings are the server settings & Expert Advisors settings found under main navigation menu on the tools menu, options submenu.
12: Full screen option for setting chart to full screen option, Shortcut is Key-board Key "F11"
13: Print Chart
14: Print Preview
15: Expert Advisors - activates & deactivating Expert Advisors on a chart, clicking this button changes color from green to red, green color means EA is allowed, red means Automated 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 (illustrated above), then select some of the items on the right side panel & then select hide.
Remove the above tools by clicking on them & then clicking the remove button key.
