Standard Toolbar Menu and Customizing it on MetaTrader 4
The Standard Toolbar on the MT4 is shown below:
Before explaining how to use each tool listed on this standard toolbar, lets make sure that all the available buttons are added to it by customizing it:
- Right Click on the tool-bar customize button to the left as displayed below
2. Click customize 3. Add all Tools
Add Tools
After Adding and customizing, it'll look like:
On the platform, the standard toolbar now looks like:
Explanation of Each FX Trading Tool on the Standard Tool bar
1: Opens a chart in MT4 & 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 & closing market watch window panel: 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 panel short cut, displays the transactions opened by a trader - shows open trades, balance, account equity, transaction history, news, Expert Advisors tab, signals tab & 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 currency to buy, the amount to trade, and if the order will be a market order or set as a pending order.
9: MetaEditor 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 MT4 click this & point on any MetaTrader 4 object and get an explanation.
11: Options settings for editing MT4 options that are used by your platform, these settings are the server settings and Expert Advisors settings found under main navigation menu on tools menu, options sub menu.
12: Full screen option for setting chart to full screen option, Short-cut 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 Expert Advisor 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.
