Standard Tool Bar Menu and Customizing it in MetaTrader 4
Standard ToolBar on the MetaTrader 4 is shown below:
Before explaining how to use each tool listed on this standard tool bar, lets make sure that all the available buttons are added to it by customizing it:
- Right-Click on the tool-bar customize button to the left as illustrated below
2. Press customize 3. Add all Tools
Add Tools
After Adding and customizing, it will look like:
On the trading platform, the standard tool bar now looks like:
Explanation of Every Tool on the Standard Tool bar
1: Opens a chart in MetaTrader 4 & a fx trader can specify which type of chart to open by clicking drop down arrow just 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 & closing market-watch panel panel: market watch displays the currency quote prices for selected currency pairs.
4: Data panel opens & closes and it displays price data as well as other info like trading indicator's data.
5: Navigator Short-Cut, navigator displays Trading Account data, trading indicators, scripts & EAs data.
6: Terminal window shortcut, displays the trade transactions opened by a forex trader - shows open trade transactions, balance, trading equity, transaction history, news, Automated EAs tab, signals tab & trade alerts tab.
7: Strategy tester opens the Strategy Tester and 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 currency to buy, the amount to trade, and if the order will be a market order or set as a pending order.
9: MetaEditor opens the Meta-Editor environment where a trader can add or program an EA or a new trading indicator in this Meta Editor Environment.
10: Help, if you don't know something in MT4 click this & point on any MetaTrader 4 object and get an explanation.
11: Options settings for editing MT4 options that are used by your platform, these settings are the server settings and Expert Advisors settings found under main navigation menu on tools menu, options submenu.
12: Full screen option for setting chart to full screen option, Short-cut is Keyboard Key 'F11'
13: Print Chart
14: Print Preview
15: Expert Advisors - activates and deactivating Expert Advisors on a chart, clicking this button changes colour 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 and you can hide some of them by pressing customize (shown above), then choose some of the items on the right side window & then choose hide.
Remove the above tools by clicking on them and clicking remove button.
Study More Lessons & Topics:
- What is Ultimate Oscillator Technical Indicator?
- Medium term Index Trade with MAs Moving Averages Moving Averages MAs
- How to Add MT4 Exponential Moving Average Indicator
- Bullish Hidden Divergence and Bearish Hidden Divergence
- How Can I Add DAX in MetaTrader 5 Android Mobile App?
- Trading AUD CAD Pip Calculator
- Hidden Bullish Trade Divergence RSI & Hidden Bearish Trade Divergence RSI
- Bears Power FX Trading MetaTrader 4 Technical Indicator
