Charts Toolbar Menu and How to Customize it on MT4
The Charts toolbar on the MT4 is shown below.
Before explaining how to use each item listed on this charts tool-bar, let's make sure that all the available tools are added to it by customizing it:
- Right-Click at the customize button key to the left of this tool bar (Looks like a stack of coins) as shown below.
2. Click customize 3. Add all Tools
How to Customize
After adding the customize window will look like:
The toolbar will now look like:
Explanations of Gold Trading Tools Listed
The following tutorial explains how to trade with each of the buttons numbered below:
1: Bar button, sets the chart drawing technique to Bars
2: Candlesticks button, sets the chart drawing method to Candles
3: Line button, sets the chart drawing technique to Line plot
4: Zoom In, zooms in
5: Zooms Out, zooms out
6: Auto Zoom, automatically zooms trading chart to highlight the most recent xauusd trading price candlesticks automatically once it has been clicked. That way the workspace of the xauusd trading prices shows the real time candle that is being quoted in that moment.
7: Chart Shift, shifts the recent xauusd trading price candlestick towards the center, therefore leaving space between the most recent candlestick and the extreme right side of the MetaTrader 4 platform, making it easier for technical analysis.
8: Indicators menu shows list of all indicators & from this list a trader can choose a particular indicator, double click on it to place it on the trading panel.
9: Periodicity displays all the chart time frames 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 gold systems where a trader places their trading system on a xauusd chart, moves it back for about 2 months, then starts to move it gold trading step by step while at the same time recording where their strategy would have given a buy signal or a sell signal or an exit signal, just the same way a trader would have traded realtime while the xauusd 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-cuts instead of traders looking for these option the long way using the main navigation menu, a trader just clicks a tool & gains quick access to it. The toolbar will mainly contain the tools that are frequently used by a trader within the MT4 Gold Trading Platform.
