MT4 Navigator Window - MT4 Platform Tutorial

The MT4 Navigator panel is mainly used to navigate the most widely used areas of MetaTrader 4 software. These levels are:

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

The above are shown below on the screenshot, to view more options 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 explanation about each will do.

Indicators: Indicators are analysis tools used in trading & placed on chart, these tools are used to generate buy and 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 parameters on the MetaTrader platform to allow for 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 shortcut, press 'Ctrl+N' button key on your key board to display or hide it.