MT4 Crude Oil Platform Tutorial
The MT4 Navigator panel is mainly used to navigate the most widely used areas of MT4 platform. These areas are:
- Accounts: Demo and Live Accounts
- Indicators
- Expert Advisors: A list of automated oil robots within this MT4 platform
- Custom Indicators:
- Scripts: Scripts are used to execute some tasks on MT4
As a oil trader once you have selected the Navigator Button the following navigator window will appear on your MetaTrader 4.
MT4 Navigator
The First menu option on the Navigator list is the Accounts tab. To view the accounts tab, you can click the expand button (marked as +), and a list of your saved accounts will appear. Every time you sign in with a new account the details will be saved under this "Accounts Tab".
By double-clicking on any account you can activate the log in & login to that account. You can switch from one account to the other using this oil accounts tab.
The example shown below shows two accounts recorded under this tab, a demo oil account marked as a green cartoon and a Live account marked as a oil trading cartoon. From this oil accounts tab, a oil trader can switch between any of this 2 accounts by double-clicking on any one of them.
Indicators, Expert Advisors, Custom Indicators and Scripts
- Indicators
- Expert Advisors: A list of automated oil robots within this MT4 platform
- Custom Indicators:
- Scripts: Scripts are used to execute some tasks on MetaTrader 4
The above are&& shown below on screen-shot, to view more option under each of these, traders click the expand button key "+ button", this will show more options, to hide, just click the "- button". For examples the "Expert Advisors" option below has been expanded.
These topics will be covered in more details later, but for now as a oil trader the following brief introduction about each will do.
Indicators: Indicators are technical analysis tools used in trading and placed on Oil chart, these tools are used to generate buy and sell oil signals.
Expert Advisors: Automated robots that are used to place trades by generating buy & sell oil signal automatically using programs which are coded using the MQL4 coding language.
Custom Indicators: A custom indicator includes an indicator that you have modified or downloaded from the internet & then installed it on your MT4 platform, this indicator will be listed here as a "custom indicator"
Scripts: This is a function used to perform a certain task, for examples if you open five trades & want to close all of them at once you can attach a "script close" on your chart thereby closing all open trades at once (However, you need to set up some setting on the MetaTrader to allow scripts execution trading, that's a topic for later.)
The Navigator will be one of your mainly used when trading, to access it using a short-cut, press "Ctrl+N" button key on your key-board to display or hide it.
