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.
