Standard Tool-Bar Menu & How to Customize it on MetaTrader 4
Standard Tool-Bar on the MT4 is illustrated below:
Before explaining how to use each tool listed on this standard tool-bar, let us make sure all the available buttons are added to it by customizing it:
- Right-Click the tool-bar customize button to the left as illustrated below
2. Click customize 3. Add all Tools
Add Tools
After Adding and customizing, it'll look like:
On the trading software, the standard tool bar now looks like:
Explanation of Each Tool on the Standard Toolbar
1: Opens a chart in MetaTrader 4 and a stock index 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 profile or to save a new profile: these options are provided as a sub-menu from the drop-down arrow.
3: Opening and closing marketwatch window panel: market watch displays the trading quote trading prices for chosen instruments.
4: Data window opens & closes and it displays trading price data as well as other data like indicator's data.
5: Navigator Short Cut, navigator displays Trading Account data, indicators, scripts & Expert Advisors data.
6: Terminal panel shortcut, displays the transactions opened by a stock indices trader - shows open trade transactions, balance, account equity, transaction history, news, Expert Advisors tab, signals tab and trade alerts tab.
7: Strategy tester opens the Strategy Tester & traders can test their Expert Advisors on this Simulator environment.
8: Places a new trade order by opening a pop-up window panel where as a stock index trader you can specify the instrument to buy, the amount to trade, & if the order will be a market order or set as a pending stock trade order.
9: MetaEditor opens the Meta-Editor environment where a trader can add or program an Expert Advisor or a new trading indicator in this MetaEditor Environment.
10: Help, if you don't know something on MT4 click on this & point on any MT4 object & get an explanation.
11: Options settings for editing MetaTrader 4 options that are used by your platform, these settings are the server settings & Expert Advisors settings found under main navigation menu on tools menu, options sub menu.
12: Full screen option for setting chart to full screen option, Short-cut is Key-board Key 'F11'
13: Print Chart
14: Print Preview
15: Expert Advisors - activates and deactivating Expert Advisors on a chart, clicking on this button changes color from green to red, green color means EA is allowed, red means Expert Advisor execution not allowed.
Remove Buttons
As a trader you will not require all these buttons and you can hide some of them by clicking customize (shown above), then choose some of the items on the right side window panel & then choose hide.
Remove the above tools by clicking on them and clicking remove button.
Study More Lessons & Tutorials:
- How Can I Find GER 30 in MT4 iPhone Trade App?
- Placing Channels in Stock Index Charts in MT4 Platform
- How Can I Add SPAIN35 on MT4 Android Trade App?
- Stock Index Register for a Real Account Indices
- Example of How to Know When a Indices Down Trend is Starting
- Fibonacci Extension Settings
- Stock Index Day Stock Index Candlestick Patterns Course Tutorial
- Back-Testing Index Strategies
- Developing a Indices Trade System: Indicator Based Indices Strategy
