Standard Toolbar Menu and How to Customize it in MT4 Software
The Standard Toolbar on the MT4 is shown below:
Before explaining how to use each tool listed on this standard toolbar, lets make sure that all the available buttons are added to it by customizing it:
- Right-Click on the tool-bar customize button to the left as displayed below
2. Click customize 3. Add all Tools
Add Tools
After Adding & customizing, it will look like:
On the platform, the standard tool-bar now looks like:
Explanation of Each Forex Trading Tool on the Standard Toolbar
1: Opens a chart in MetaTrader 4 and a trader can specify which type of chart to open by clicking the drop down arrow next to its icon.
2: Profile - can be used to load a saved chart profile or to save a new chart profile - these options are provided as a sub-menu from the drop-down arrow.
3: Opening and closing market watch window panel: market watch displays the currency quote prices for selected currency pairs.
4: Data window opens & closes & it displays price data as well as other data like indicator's data.
5: Navigator Short cut, navigator displays Account data, indicators, scripts & EAs data.
6: Terminal window shortcut, displays the transactions opened by a trader - shows open trades, balance, account equity, transaction history, news, EAs tab, signals tab and trade alerts tab.
7: Strategy tester opens the Forex Strategy Tester and traders can test their EAs on this Forex Strategy Tester environment.
8: Places a new order by opening a popup panel where as a trader you can specify the currency to buy, the amount to trade, and if the order will be a market order or set as a pending order.
9: MetaEditor opens the Meta-Editor environment where a trader can add or program an Expert Advisor or a new indicator on this Meta-Editor 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 the MT4 options that are used by your platform, these settings are server settings and EAs settings found under main navigation menu on the tools menu, options submenu.
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: EAs - activates and deactivating EAs on a chart, clicking this button changes color from green to red, green color means Expert Advisor is allowed, red means Expert Advisor execution not allowed.
Remove Buttons
As a trader you will not require all these buttons & you can hide some of them by clicking customize (shown above), then choose some of the items on the right side panel & then choose hide.
Remove the above tools by clicking on them & then clicking the remove button.
