MT4 Navigator Window
The MT4 Navigator window is mainly used to navigate the most widely used areas of the MT4 crude oil platform. These areas are:
- Accounts: Demo and Live Accounts
- Indicators
- Expert Advisors: A list of automated crude oil bots within this MetaTrader 4 crude oil trading platform
- Custom Indicators:
- Scripts: Scripts are used to execute some tasks on MetaTrader 4
As a trader once you have selected the Navigator Button the following navigator window will appear on your MT4.
Crude Oil Trading Accounts Menu
The First menu option on the Navigator list is Accounts tab. To view accounts tab, you can click expand button key (marked as +), and a list of your saved accounts will appear. Every time you login 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 & sign in to that account. You can switch from one account to the other using this crude oil trading accounts tab.
The example explained below shows two accounts recorded under this tab, a demo oil trading account marked as a green cartoon and a Live account marked as a oil cartoon. From this crude oil trading accounts tab, a trader can switch between any of this 2 accounts by double-clicking on any one of them.
Indicators, Expert Advisors, Custom Indicators & Scripts
- Indicators
- Expert Advisors: A list of automated crude oil bots within this MetaTrader 4 crude oil trading platform
- Custom Indicators:
- Scripts: Scripts are used to execute some tasks on MetaTrader 4
The above are shown below on the screen-shot, to view more option under each of these, traders click the expand button "+ button key", this will illustrate more options, to hide, just click " - button key". For examples the 'Expert Advisors' option below has been expanded.
These topics will be covered in more details later, but for now as a trader the following brief introduction about each will do.
Technical Indicators: Technical Indicators are technical analysis tools used in trading and placed on Crude Oil chart, these tools are used to generate buy & sell oil signals.
Expert-Advisors: Automated Trading bots that are used to place trades by generating buy and sell oil signal automatically using programs which are coded using the MQL4 programming language.
Custom Indicators: A custom indicator includes an indicator that you have modified or downloaded from the inter net and then installed it on your MT4 crude oil trading platform, this technical indicator will be listed here as a "custom technical 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 is a topic for later.)
Navigator will be one of your mainly used panel when trading, to access it using a short-cut, press 'Ctrl+N' button on your key-board to display or hide it.
