Trade Stock Indices

MT4 Navigator Window

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

  1. Accounts: Demo and Real Accounts
  2. Indicators
  3. EAs: A list of automated robots within this MT4 platform
  4. Custom Trading Indicators:
  5. Scripts: Scripts are used to execute some tasks in MetaTrader 4

    MT4 Navigator Window on MT4 Software Platform - Stock Index MT4 Navigator Window

    As a trader once you have selected the Navigator Button the following navigator window will appear on your MT4.

    Accounts, Indicators and Expert Advisors on MetaTrader 4 Navigator Panel Window - Indices MT4 Navigator Window

    Trading Accounts Menu

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

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

    The example explained and illustrated below shows two accounts recorded under this tab, a demo account marked as a green cartoon and a Real trading account marked as a indices cartoon. From this trading accounts tab, a trader can switch between any of this two trading accounts by double clicking on any one of them.

    Expert Advisors, Indicator List and Demo Account and Live Account Navigator

    Indicators, Expert Advisors, Custom Trading Indicators and Scripts

    1. Indicators
    2. EAs: A list of automated robots within this MetaTrader 4 software
    3. Custom Trading Indicators:
    4. Scripts: Scripts are used to execute some tasks on MT4

    The above are illustrated below on the screen shot, to view more option under each of these, traders click the expand + button key "+ button key", this will illustrate more options, to hide, just click " - button". For examples the "Expert Advisors" option below has been expanded.

    Demo Account and Real Account on MT4 - MetaTrader 4 Navigator Window

    These lessons will be covered in more details later, but for now as a stock index trader the following brief introduction about each will do.

    Technical Indicators: Indicators are technical analysis tools used in trading & placed on Stock Indices chart, these tools are used to generate buy and sell stock trade signals.

    EAs: Automated robots that are used to place trades by generating buy and 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 & then installed it on your MT4 software, this technical 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 & want to close all of them at once you can attach a 'script close' on your chart therefore closing all open trade positions at once (However, you need to set up some settings on MetaTrader trading software to allow for scripts execution trading, that's a lesson for later.)

    Navigator will be one of your mainly used window when trading, to access it using a short cut, press 'Ctrl+N' button on your key board to display or hide it.

    Study More Topics & Lessons:

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    Forex Trading Seminar

    Stock Index Broker