Trade Gold Trading

Line Studies Toolbar Menu in MT4 Platform

Sometimes traders will say "oh, I can not find Fib expansion tool on my MT4 where can I get it?"

The thing is that all these line studies are located on the line studies toolbar: however, by default not all are set to illustrate, therefore a trader must know where to get these trading tools that are not shown by default on the MetaTrader 4 Platform. So how can one add a tool, to the line studies toolbar shown below?

Line Studies Toolbar Menu in MT4 Platform - CFD Trading MT4 Software Line Studies Tool Bar

Customize a Toolbar on CFD Trading Platform

To add a tool not listed above a trader has to follow the steps below

  1. Right-Click at the toolbar button to the left of this(Looks like a stack of coins)as shown below

How to Customize and How to Add Tools on The Line Studies Tool Bar on MT4 Software

3. Click customize 4. Add all Tools

Following customize popup window panel will popup:

Add Line Tools To The Line Studies Toolbar on MT4 Software

Select all the tools from the left window panel & add them: After adding this will look like:

Customize and Adding All Tools to The Line Studies Toolbar on MT4 Software

The tool-bar will now look like:

All Tools on Line Studies Toolbar in The MT4 CFDs Platform

Broker

Explanations of Each Tool

Following is the explanation of each tool on this tool bar.

Explanation of All Tools on the MT4 Platform Lines Toolbar

1: Choose mouse as cursor, change mouse to the default cursor

2: Choose Cross-Hair cursor, a type of cursor that maps coordinates to the axis of the charts

3: Draw a vertical line

4: Draw a Horizontal line

5: Draw a cfd trend line

6: Equidistant Channel

7: CFDs Fibonacci Retracement

8: Text button

9: Text Label Button

10: CFD Fibo Expansion

11: Trend by Angle

12: Linear Regression Channel

13:Standard Deviation Channel

14: Gann Lines

15: Gann Fan

16: Gann Grid

17: Fib Time zones

18: Fibo Fan

19: Fibo Arc

20: Cycle Lines

21: Andrew's Pitchfork

22: Insert Ellipse

23: Insert Triangle

24: Insert Rectangle

25: Fib Channels

26: Draw Arrows

How to Remove Tools from CFDs Platform

As a trader you will not need all these button keys and you can hide some of them by clicking on customize button, then select some of the items on the right window and then select hide.

How to Remove a Tool From The Lines Toolbar on MT4 Software

Remove the above tools by clicking on them & then clicking the remove button key, so as to save space on your MetaTrader 4 trading platform workspace.