Standard Toolbar Menu and How to Customize it in MT4 Software

The Standard Toolbar on the MT4 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:

1. Right Click on the toolbar customize button to the left as shown below

2. Click customize 3. Add all Tools

Add Tools

After Adding & customizing, it will look like:

On the trading software, the standard toolbar now looks like:

Explanation of Each Trading Tool on the Standard Toolbar

1: Opens a chart in MetaTrader 4 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 dropdown arrow.

3: Opening and closing market watch window: market watch displays the energies quote prices for chooseed energies instruments.

4: Data window opens and closes and it displays price information as well as other information like indicator's information.

5: Navigator Shortcut, navigator displays Account information, indicators, scripts & EAs data.

6: Terminal window shortcut, displays the transactions opened by a trader - shows open trades, balance, account equity, transaction history, news, Automated Expert Advisors tab, signals tab and trade alerts tab.

7: Strategy tester opens the Energies Trading Strategy Tester and traders can test their EAs on this Energies Trading Simulator Strategies Tester environment.

8: Places a new order by opening a popup panel where as a trader you can specify the energies instrument to buy, the amount to trade, and if the order will be a market order or set as a pending trade order.

9: Meta Editor opens the Meta Editor environment where one can add or program an Expert Advisor or a new technical indicator on this Meta Editor Environment.

10: Help, if you do not know something on the MT4 click this and point on any MT4 object and get an explanation.

11: Options settings for editing the 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 submenu.

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 EA is allowed, red means EA execution not allowed.

Remove Buttons

As a trader you will not require all these buttons 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 select hide.

Remove the above tools by clicking on them & clicking the remove button.