Standard Toolbar Menu and Customizing it on MetaTrader 4
The Standard Toolbar on the MetaTrader 4 is shown below:
Before explaining how to use each tool listed on this standard tool bar, let's make sure that all the available button keys are added to it by customizing it:
- Right-Click on the toolbar customize button to the left as shown below
2. Click customize 3. Add all Tools
Add Tools
After Adding & customizing, it will look like:
On the platform, the standard tool-bar now looks like:
Explanation of Each Gold Tool on the Standard Toolbar
1: Opens a xauusd chart on MetaTrader 4 and a trader can specify which type of chart to open by clicking the drop-down arrow next to its icon.
2: Profile - can be used to load a saved profile or to save a new profile: these options are provided as a sub-menu from the drop-down arrow.
3: Opening and closing market watch window: market watch displays the xauusd quote gold prices for selected xauusd trading instruments.
4: Data window opens & closes & it displays gold price data as well as other information like indicator's data.
5: Navigator Short-cut, navigator displays Account information, indicators, scripts & Expert Advisors data.
6: Terminal window panel shortcut, displays the transactions opened by a trader - shows open trades, balance, account equity, transaction history, news, Expert-Advisors tab, signals tab and trade alerts tab.
7: Strategy tester opens the XAUUSD Trading Strategy Tester & traders can test their Expert Advisors on this XAUUSD Strategy Tester environment.
8: Places a new order by opening a popup panel where as a trader you can specify the xauusd trading instrument to buy, the amount to trade, and if the order will be a market order or set as a pending gold trade order.
9: Meta Editor opens the Meta Editor environment where a trader can add or program an Expert Advisor or a new trading indicator on this Meta Editor Environment.
10: Help, if you do not know something on the MetaTrader 4 click on this & point on any MT4 object & get an explanation.
11: Options settings for editing the MetaTrader 4 options which are used by your trading platform, these settings are the server settings & Expert Advisors settings found under main navigation menu on the tools menu, options submenu.
12: Full screen option for setting chart to full screen option, Shortcut is Key-board Key "F11"
13: Print Chart
14: Print Preview
15: Expert Advisors - activates and deactivating Expert Advisors on a xauusd chart, clicking this button changes color from green to red, green color means EA is allowed, red means Expert Advisor execution not allowed.
Remove Buttons
As a trader you will not require all these buttons & you can hide some of them by clicking customize (shown above), then select some of the items on the right side panel and then choose hide.
Remove the above tools by clicking on them & then clicking the remove button key.
