Line Studies Toolbar Menu on MT5
Sometimes traders will say "oh, I can not find Fibo expansion tool on my MT5 where can I get it?"
The thing is that all these line studies are located on the line studies tool bar: however, by default not all are set to display, therefore a trader must know where to get these trading tools that are not shown by default on the MT5 Gold Platform. So how can a trader add a tool, to the line studies MT5 toolbar shown below?
Customize a Toolbar on XAUUSD Trading Platform
To add a tool not listed above a trader has to follow these steps
- Right Click at the MetaTrader 5 tool bar button key to the left of this (Looks like a stack of coins) as displayed below
3. Click customize 4. Add all Tools
The following customize pop up window will appear:
Choose all the tools from the left window and add them: After adding this will look like:
The MT5 tool bar will now look like:
Explanations of Each Tool
The following is the explanation of each tool on this tool bar.
1: Select mouse as cursor, change mouse to the default cursor
2: Choose Cross Hair cursor, a type of cursor that maps coordinates to the axis of the charts
3: Draw a vertical line
4: Draw a Horizontal line
5: Draw a gold trend line
6: Equidistant Channel
7: Fibonacci Retracement
8: Text button
9: Text Label Button Key
10: Fibonacci Expansion
11: gold trend by Angle
12: Linear Regression Channel
13:Standard Deviations Channel
14: Gann Lines
15: Gann Fan
16: Gann Grid
17: Fibonacci Time zones
18: Fib Fan
19: Fibo Arc
20: Cycle Lines
21: Andrew's Pitchfork
22: Insert Ellipse
23: Insert Triangle
24: Insert Rectangle
25: Fibonacci Channels
26: Draw Arrows
How to Remove Tools from Gold Trading Software
As a trader you will not require all these button keys and you can hide some of them by clicking the customize button key, then select some of the items on the right window and then select hide.
Remove the above tools by clicking on them & then clicking the remove button, so as to save space on your MT5 Gold Trading Platform workspace.
