MT4 Navigator Window - MT4 Platform Tutorial

The MetaTrader 4 Navigator panel is mainly used to navigate the most widely used areas of MetaTrader 4 platform. These areas are:

1. Accounts: Demo & Live Accounts
2. Indicators
3. Expert Advisors: A list of automated trading robots within this MT4 platform
4. Custom Indicators:
5. Scripts: Scripts are used to execute some tasks in MetaTrader 4

As a trader once you have selected the Navigator Button the following navigator window will appear on your MetaTrader 4.

Accounts Menu - MT4 Navigator

First menu option on the Navigator list is the Accounts tab. To view accounts tab, you can click expand button (marked as +), & a list of your saved accounts will pop up. Every time you sign in with a new account the details will be saved under this 'Accounts Tab'.

By double-clicking on any account you can activate the login & login to that account. You can switch from one account to the other using this accounts tab.

The example below shows two accounts recorded under this tab, a demo account marked as a green cartoon and a Live account marked as a gold cartoon. From this accounts tab, a trader can switch between any of this 2 accounts by double-clicking on any one of them.

Indicators, Expert Advisors, Custom Indicators and Scripts - MT4 Navigation Menu

1. Indicators
2. Expert Advisors: A list of automated trading robots within this MT4 platform
3. Custom Indicators:
4. Scripts: Scripts are used to execute some tasks in MetaTrader 4

The above are shown below on the screenshot, to view more option under each of these, traders click the expand button "+ button", this will show more options, to hide, just click the "- button" . 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.

Indicators: Indicators are technical analysis tools used in trading & placed on Forex chart, these tools are used to generate buy & sell signals.

Expert Advisors: Automated robots that are used to place trades by generating buy & sell signal automatically using programs which are programmed using the MQL4 programming language.

Custom Indicators: A custom indicator includes an indicator that you have modified or downloaded from the inter net and then installed it on your MT4 software, this indicator will be listed here as a 'custom indicator'

Scripts: This is a function used to perform a certain task, for examples if you open five trades and 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 short-cut, press 'Ctrl+N' button key on your key board to display or hide it.