MT4 Platform Lesson

The Meta Trader 4 Navigator window is mainly used to navigate the most widely used areas of the MT4 cfds platform. These areas are:

1. Accounts: Demo & Live Accounts
2. Indicators
3. Expert Advisors: A list of automated cfd robots within this MT4 cfds trading platform
4. Custom Indicators:
5. Scripts: Scripts are used to execute some tasks in the MT4

As a trader once you have selected the Navigator Button the following navigator window will appear on your MetaTrader 4.

MT4 Navigator

First menu option on Navigator list is the Accounts tab. To view accounts tab, you can click expand button (marked as +), & a list of your saved accounts will pop up. Every time you sign in 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 and login to that account. You can switch from one account to the other using this accounts tab.

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

Indicators, Expert Advisors, Custom Indicators and Scripts

1. Indicators
2. Expert Advisors: A list of automated cfd robots within this MT4 cfds trading platform
3. Custom Indicators:
4. Scripts: Scripts are used to execute some tasks in the MetaTrader 4

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

These guides will be explained in more details later, but for now as a trader the following brief introduction about each will do.

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

Expert Advisors: Automated robots that are used to place trades by generating buy & sell signal automatically using programs that are programmed using the MQL4 coding language.

Custom Indicators: A custom indicator includes an indicator that you have modified or downloaded from the internet and then installed it on your MT4 cfds platform, this technical indicator will be listed here as a "custom indicator"

Scripts: This is a function used to perform a certain task, for example if you open five trades & want to close all of them at once you can attach a 'script close' on your chart thereby closing all open trades at once (However, you need to set up some setting on the MetaTrader to allow scripts execution trading, that's a topic for later.)

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