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 us 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'll look like:
On the trading software, 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 xauusd trader can specify which type of chart to open by pressing 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 Trading Account data, trading indicators, scripts & EAs data.
6: Terminal window panel shortcut, displays the trade transactions opened by a gold trader - shows open trade positions, balance, trading 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 Strategies Tester environment.
8: Places a new order by opening a popup window panel where as a xauusd trader you can specify the instrument to buy, the amount to trade, & if the trade 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 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 & deactivating Expert Advisors on a chart, clicking this button changes color from green to red, green color means EA is allowed, red means Automated EA 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.
Study More Courses & Lessons:
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- How Do I Find MetaTrader 4 Nikkei225 Stock Indices Chart?
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- Forex Pivot Points Expert Advisor Setup
- Regulated Gold Broker
