Standard Tool Bar Menu and Customizing it on MT4 Platform Software
The Standard Tool Bar on the MT4 is displayed below:
Before explaining how to work with each tool listed on this toolbar that is standard, let's make certain all the buttons offered are added to it by making changes:
- Right-Click the toolbar customize button to the left like shown below
2. Click customize 3. Set all Tools
Add Tools
After Adding & customizing, it will look like:
On the trading software, the standard tool-bar now resembles:
Explanation of Every Tool on the Standard Tool Bar
1: Open a chart in MetaTrader 4. A gold trader picks the chart type by clicking the dropdown arrow next to the icon.
2: Profile - can be used by traders to load a saved profile or to save a new profile: these options are provided as a sub-menu on the drop-down arrow.
3: Opening the Market Watch Window: This window displays the current bid and ask prices - the quotes - for the financial instruments you have selected.
4: The Data Window opens and closes, presenting price data along with supplementary details such as indicator outputs.
5: Navigator Short-Cut, navigator highlights Trade Account data, indicators, scripts and EAs data.
6: Terminal window shortcut. It displays gold trader positions, balance, equity, history, news, EAs, signals, and alerts.
7: The Strategy Tester opens for testing EAs. Traders run them in this environment.
8: This function opens a new order pop-up panel, enabling a gold trader to specify the desired trading instrument for purchase, the exact quantity to trade, and whether the order should be executed immediately at the market rate or held as a pending order.
9: Meta Editor launches the space to add or code an EA or new indicator in that environment.
10: Help feature: If you encounter any unfamiliar aspects within the MT4 interface, click here and hover over any MetaTrader 4 object to receive an explanation.
11: The options settings for modifying the MT4 parameters utilized by your platform include server configurations and EA settings, which can be found within the main navigation under the tools menu, specifically in the options sub-menu.
12: Full screen mode for setting the trading chart to full screen, Short-cut is Key-board Key "F11"
13: Print Chart
14: Print Preview
15: Expert Advisors - This button turns EAs on and off on a chart, and its color changes between green and red: green means EA is on, while red means automated EA trading is not allowed.
Remove Buttons
You won't need every button as a trader. Hide extras by clicking Customize, as shown. Pick items from the right panel. Then select hide.
Remove the above tools by clicking on them & then clicking the remove button.
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