Standard Toolbar Menu and Customizing it on MetaTrader 5
The Standard Toolbar on the MT5 is shown below:
Before explaining how to use each tool listed on this standard toolbar, lets make sure that all the available buttons are added to it by customizing it:
- Right Click on the MT5 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 MetaTrader 5 tool-bar now looks like:
Explanation of Each Forex Tool on the Standard Toolbar
1: Opens a chart on the MT5 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 chart profile or to save a new chart profile - these options are provided as a sub menu from the dropdown arrow.
3: Opening and closing market watch window: market watch displays the currency quote prices for selected currency pairs.
4: Data panel opens & closes & it displays price data as well as other data like indicator's data.
5: Navigator Shortcut, navigator displays Account information, indicators, scripts & EAs data.
6: Terminal window shortcut, displays the trade transactions opened by a trader - shows open trades, balance, MT5 account equity, transaction history, news, Expert Advisors tab, signals tab and trade alerts tab.
7: Strategy tester opens the Forex 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 forex to buy, the amount to trade, and if the order will be a market order or set as a pending order.
9: Meta Editor opens the Meta-Editor environment where a trader can add or program an EA or a new indicator in this Meta-Editor Environment.
10: Help, if you don't know something in MT5 click this and point on any MetaTrader 5 object & get an explanation.
11: Options settings for editing MetaTrader 5 options which are used by your trading platform, these settings are the server settings and 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 Keyboard Key "F11"
13: Print Chart
14: Print Preview
15: EAs - activates and deactivating EAs on a chart, clicking this button changes color from green to red, green color means Expert Advisor is allowed, red means 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 (shown above), then choose some of the items on the right side panel & then select hide.
Remove the above tools by clicking on them and clicking remove button.
