Standard Toolbar Menu and Customizing it on MT5 Software
The Standard Toolbar on the MetaTrader 5 is shown below:
Before explaining how to use each tool listed on this standard tool bar, let's make sure that all the available button keys are added to it by customizing it:
- Right Click in the MetaTrader 5 toolbar customize button key to the left as shown below
2. Click customize 3. Add all Tools
Add Tools
After Adding & customizing, it will look like:
On the platform, the standard MetaTrader 5 toolbar now looks like:
Explanation of Each CFD Tool on the Standard Tool bar
1: Opens a cfd chart on MT5 and 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 drop-down arrow.
3: Opening & closing market watch window: market watch displays the cfd quote cfd prices for selected cfd instruments.
4: Data window panel opens and closes and it displays cfds 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 short cut, displays the trades opened by a trader - shows open trades, balance, MT5 account equity, transaction history, news, Expert Advisors tab, signals tab and trade alerts tab.
7: Strategy tester opens the CFD Strategy Tester and traders can test their Expert Advisors on this CFD Strategy Tester environment.
8: Places a new order by opening a popup panel where as a trader you can specify the cfd to buy, the amount to trade, and if the order will be a market order or set as a pending cfds trading order.
9: Meta Editor opens the Meta Editor environment where a trader can add or program an Expert Advisor or a new indicator on this Meta Editor Environment.
10: Help, if you do not know something on the MetaTrader 5 click this and point on any MetaTrader 5 object and get an explanation.
11: Options settings for editing the MT5 options that are used by your platform, these settings are server settings & Expert-Advisors settings found under the main navigation menu on tools menu, options sub menu.
12: Full screen option for setting chart to full screen option, Shortcut is Key-board Key "F11"
13: Print Chart
14: Print Preview
15: Expert Advisors - activates & deactivating Expert Advisors on a cfd 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 as a trader can use 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 & then clicking the remove button key.
