Line Studies Toolbar Menu on MT5

Sometimes traders will say "oh, I cannot find Fibonacci expansion tool on my MT5 where can I get it?"

The thing is that all these line studies are located on the line studies toolbar; however, by default not all are set to display, therefore a gold trader must know where to get these trading tools that are not shown by default on the MT5 Gold Trading Platform. So how can a gold trader add a tool, to the line studies MetaTrader 5 toolbar shown below?

Customize a Toolbar on XAUUSD Trading Platform

To add a tool not listed above a gold trader has to follow these steps

1. Right Click at the MetaTrader 5 toolbar button to the left of this(Looks like a stack of coins)as shown below

3. Click customize 4. Add all Tools

The following customize popup window will appear:

Select all the tools from the left window and add them: After adding this will look like:

The MetaTrader 5 toolbar will now look like:

Explanations of Each Tool

The following is the explanation of each tool on this toolbar.

1: Select mouse as cursor, change mouse to the default cursor

2: Select 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

10: Fibonacci Expansion

11: gold trend by Angle

12: Linear Regression Channel

13:Standard Deviation Channel

14: Gann Lines

15: Gann Fan

16: Gann Grid

17: Fibonacci Time zones

18: Fibonacci Fan

19: Fibonacci 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 gold trader you will not require all these buttons and you can hide some of them by clicking the customize button, then select some of the items on the right window and then select hide.

Remove the above tools by clicking on them and then clicking the remove button, so as to save space on your MT5 Gold Trading Platform workspace.