Trade Stock Indices

MT4 Navigator Window

The MetaTrader 4 Navigator window principally serves as the hub for navigating the most utilized components and segments within the MetaTrader 4 software. These key areas include:

  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

    Once the Navigator Button has been selected by the trader, the characteristic navigator window will manifest on their MT4 interface.

    Accounts, Indicators and Expert Advisors on MetaTrader 4 Navigator 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 can click expand button key (marked as +), and a listing of your saved trading accounts will appear. Every time you sign in with a new account the sign in credentials will be saved under this 'Accounts Tab'.

    Double-click any account to log in. You can switch accounts easily from this 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 available options are illustrated in the following screen capture. Traders can click the plus sign ('+ button key') to unveil more selections under any given category, which will reveal additional items in the menu. To hide these options, simply click the minus sign ('- button'). For example, the image shows the "Expert Advisors" section having been expanded.

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

    We will go over these topics with more details later, but for now, as someone who trades stock indexes, this short explanation of each will be enough.

    Indicators: These are technical analysis instruments employed in trading, placed directly onto Stock Index charts, designed to generate buy and sell signals for stock trades.

    EAs are auto bots that open buy or sell spots. They work through code in MQL4 to create signals without help.

    Custom Indicators: A custom tool is one you changed or got from the internet and put into your MT4 software: it will be listed as a "custom indicator" here.

    Scripts: This is a specified function used to carry out a particular task, for examples if you open 5 trade positions and want to close out all of them at once you can attach a 'script close' on your trading chart thenceforth 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.)

    The Navigator window will be one of the most frequently accessed components during trading: you can toggle its visibility on or off by pressing the 'Ctrl+N' key combination on your keyboard.

    Study More Topics and Lessons:

    Stock Index Broker