Standard Toolbar Menu and Customizing it on MT5
The Standard Toolbar on the MT5 is shown below:
Before explaining how to use each tool listed on this standard toolbar, let's make sure that all the available buttons are added to it by customizing it:
- Right Click on MetaTrader 5 tool-bar customize button key to the left as displayed below
2. Click customize 3. Add all Tools
Add Tools
After Adding & customizing, it will look like:
On the platform, the standard MetaTrader 5 toolbar now looks like:
Explanation of Each Oil Trading Tool on the Standard Tool bar
1: Opens a oil 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 drop-down arrow.
3: Opening & closing market watch window panel: market watch displays the oil trading quote oil prices for selected oil trading instruments.
4: Data window opens & closes & it displays crude oil price information as well as other data like indicator's information.
5: Navigator Shortcut, navigator displays Account data, indicators, scripts & EAs data.
6: Terminal window panel short cut, 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 Oil Trading Strategy Tester & traders can test their EAs on this Oil Trading Strategy Tester environment.
8: Places a new order by opening a popup panel where as a trader you can specify the oil trading to buy, the amount to trade, and if the order will be a market order or set as a pending oil trade order.
9: Meta Editor opens the Meta Editor environment where a trader can add or program an Expert Advisor or a new indicator on this Meta Editor Environment.
10: Help, if you don't know something in MT5 click this and point on any MT5 object & get an explanation.
11: Options setting for editing MT5 options that are used by your platform, these settings are server settings & 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 & deactivating EAs on a crude oil chart, clicking this button key changes color from green to red, green color means Expert Advisor is allowed, red means Expert Advisor execution not allowed.
Remove Buttons
As a trader you will not require all these button keys and you as a trader can use hide some of them by clicking customize (shown above), then choose some of the items on the right side panel & then choose hide.
Remove the above tools by clicking on them & clicking the remove button.
