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, let's make sure that all the available buttons are added to it by customizing it:
- Right Click on the toolbar customize button key to the left as shown below
2. Click customize 3. Add all Tools
Add Tools
After Adding & customizing, it'll look like:
On the platform, the standard tool-bar now looks like:
Explanation of Each Stock Tool on the Standard Tool bar
1: Opens a stocks chart on the MetaTrader 4 & 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: market watch displays the stocks quote stocks prices for selected stocks trading instruments.
4: Data window panel opens and closes and it displays stocks price information as well as other information like indicator's information.
5: Navigator Shortcut, navigator displays Account information, indicators, scripts & Expert-Advisors data.
6: Terminal window 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 Stocks Strategy Tester and traders can test their Expert Advisors on this Stocks Trading Strategy Tester environment.
8: Places a new order by opening a popup panel where as a trader you can specify the stocks trading instrument to buy, the amount to trade, and if the order will be a market order or set as a pending stocks order.
9: Meta Editor opens the MetaEditor environment where a trader can add or program an Expert Advisor or a new indicator on this MetaEditor Environment.
10: Help, if you do not know something in the MetaTrader 4 click this and point on any MT4 object & get an explanation.
11: Options settings for editing MT4 options which are used by your trading platform, these settings are the server settings & Expert-Advisors settings found under main navigation menu on tools menu, options sub menu.
12: Full screen option for setting trading chart to full screen option, Shortcut is Keyboard Key "F11"
13: Print Chart
14: Print Preview
15: Expert Advisors - activates and deactivating Expert Advisors on a stocks chart, clicking this button key 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'll not require all these button keys and 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.
