Charts ToolBar Menu and How to Customize it on the MT4 Platform
The Charts tool-bar on the MT4 is illustrated below.
Before illustrating how to use each item listed on this charts toolbar, let's ensure all the available tools are added to it by customizing it:
- Right Click at the customize button to the left toolbar (Looks like a stack of coins) like is illustrated below.
2. Click customize 3. Place all Tools
How to Customize
After adding customize window will look like:
The toolbar will now look like:
Explanations of Trade Tools Listed
The following lesson explains and describes how to trade with each of the buttons numbered below:
1: Bar button, sets the chart drawing technique to Bars
2: Candles button, sets the chart drawing method to Candles
3: Line button, sets the chart drawing method to Line plot
4: Zoom In, zooms in
5: Zooms Out, zooms out
6: Auto Zoom, automatically zooms chart to highlight the most recent trading price candles mechanically once it has been click. That way the work-space of prices shows the real time candle that's being quoted in that moment.
7: Chart Shift, shifts the recent trading price candle-stick towards the center, therefore leaving space between the most recent candlestick and the extreme right side of the MetaTrader 4 software, making it easier for analysis.
8: Indicators menu displays list of all indicators & from this listing a trader can choose a particular trading indicator, double click in it to place it on the trading panel.
9: Periodicity shows all the chart timeframes and a trader can change to a different timeframe for the from the one they are using by clicking this periodicity shortcut button.
10: Gold Step by Step is used to backtest manual trading systems where one places their system on a chart, moves it back for about 2 months, then begins to move it step by step while at the same time recording where their strategy would have generated a buy signal or a sell signal or an exit trade signal, just the same way a trader would have traded realtime while prices update.
11: Templates Button Key used to save new templates & load templates which have been saved on the platform.
All the buttons provide short cut instead of traders looking and searching for these option through the long method using main navigating menu, one just clicks a tool & gains quick access to it. The tool-bar will mainly contain the tools which are frequently used by a trader within the MT4 Gold Software.
Study More Tutorials & Courses:
- How Leverage Increases XAUUSD Profits & Losses
- How Do I Register Gold Trading Account with a MetaTrader 4 XAUUSD Broker?
- Morning Star Bullish XAU/USD Candlestick
- Learn MT4 XAU USD Platform/Software for Beginners
- How to Use MetaTrader 5 Android XAUUSD Course Tutorial for Beginners
- XAU/USD Psychology Principles of Market
- How to Open a MT5 XAU/USD Demo Account
- Best XAU/USD Sites XAUUSD Broker Ranking Websites List
- The Best Methodology to Begin Learning Gold Trade
- MACD XAU/USD Strategy Buy & Sell XAUUSD Signals
