MT4 Navigator Window - MT4 Platform Tutorial
The MT4 Navigator window is mainly used to navigate the most widely used areas of the MetaTrader 4 software. These areas are:
- Accounts: Demo & Live Accounts
- Indicators
- Expert Advisors: A list of automated trading robots within this MT4 platform
- Custom Indicators:
- Scripts: Scripts are used to execute some tasks in MT4
As a trader once you have selected the Navigator Button the following navigator window will appear on your MT4.
Accounts Menu - MT4 Navigator
The First menu option on Navigator list is Accounts tab. To view the accounts tab, you can click the expand button key (marked as +), & a list of your saved accounts will appear. 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 & login to that account. You can switch from one account to the other using this accounts tab.
The example below shows two accounts recorded under this tab, a demo account marked as a green cartoon and a Live account marked as a gold cartoon. From this accounts tab, a trader can switch between any of this 2 accounts by double-clicking on any one of them.
Indicators, Expert Advisors, Custom Indicators and Scripts - MT4 Navigation Menu
- Indicators
- Expert Advisors: A list of automated trading robots within this MT4 platform
- Custom Indicators:
- Scripts: Scripts are used to execute some tasks in MetaTrader 4
The above are shown below on the screenshot, to view more option under each of these, traders click the expand button "+ button", this will show more options, to hide, just click " - button" . For example the "Expert Advisors" option below has been expanded.
These tutorials will be covered in more details later, but for now as a trader the following brief introduction about each will do.
Technical Indicators: Technical Indicators are technical analysis tools used in trading & placed on Forex chart, these tools are used to generate buy and sell signals.
Expert Advisors: Automated Trading robots that are used to place trades by generating buy and sell signal automatically using programs which are coded 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 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.)
The Navigator will be one of your mainly used panel when trading, to access it using a short-cut, press "Ctrl+N" button key on your key board to display or hide it.
