Standard Toolbar Menu and Customizing it on MetaTrader 5

The Standard Tool-Bar on the MT5 is shown below:

Before explaining how to use each tool listed on this standard tool-bar, lets make sure that all the available buttons are added to it by customizing it:

1. Right-Click on the MT5 toolbar customize button to the left as shown below

2. Click customize 3. Add all Tools

Add Tools

After Adding and customizing, it will look like:

On the platform, the standard MetaTrader 5 tool-bar now looks like:

Explanation of Each Forex Tool on the Standard Toolbar

1: Opens a chart on the MT5 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 chart profile or to save a new chart profile - these options are provided as a sub menu from the dropdown arrow.

3: Opening and closing market watch window: market watch displays the currency quote prices for selected currency pairs.

4: Data panel opens & closes & it displays price data as well as other data like indicator's data.

5: Navigator Shortcut, navigator displays Account information, indicators, scripts & EAs data.

6: Terminal window shortcut, displays the trade transactions opened by a trader - shows open trades, balance, MT5 account equity, transaction history, news, Automated EAs tab, signals tab and trade alerts tab.

7: Strategy tester opens the Forex Strategy Tester & traders can test their Expert Advisors on this Strategy Tester environment.

8: Places a new order by opening a popup panel where as a trader you can specify the forex to buy, the amount to trade, and if the order will be a market order or set as a pending order.

9: Meta Editor opens the Meta-Editor environment where a trader can add or program an EA or a new indicator in this Meta-Editor Environment.

10: Help, if you don't know something in MT5 click this and point on any MetaTrader 5 object & get an explanation.

11: Options settings for editing MetaTrader 5 options which are used by your platform, these settings are the server settings and 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 Keyboard Key "F11"

13: Print Chart

14: Print Preview

15: EAs - activates and deactivating EAs on a chart, clicking this button changes color from green to red, green color means EA is allowed, red means EA 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 choose some of the items on the right side panel & then select hide.

Remove the above tools by clicking on them and clicking remove button.