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 software. These levels are:

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

    MT4 Navigator Window on MT4 Software Platform - Index MetaTrader 4 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 MetaTrader 4 Navigator Window

    Trading Accounts Menu

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

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

    The illustration explained and shown below shows two accounts recorded under this tab, a demo account labeled and marked as a green cartoon and a Real account labeled & marked as a indices cartoon. From this trading accounts tab, a trader can switch between any of these 2 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 listing of automated robots within this MT4 software
    3. Custom Indicators:
    4. Scripts: Scripts are used to execute some tasks on MT4 Platform

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

    Demo Account and Real Account in the MT4 - MT4 Navigator Window

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

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

    EAs: Automated robots that are used to place trade positions by generating buy and sell signal mechanically/automatically by 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 in your MT4 software, this indicator will be shown and listed here as a "custom indicator"

    Scripts: This is a specified function used to carry out a particular task, for examples if you open five trade positions and want to close out all of them at once you as a trader can attach a 'script close' on your trading chart therefore closing all open trades at once (However, you need to set up some settings on MetaTrader trading software to allow for scripts execution trading, that is 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 and Lessons:

    Forex Trading Seminar Gala

    Forex Trading Seminar

    Stock Index Broker