MT5 Navigator Window - MT5 Forex Platform Tutorial

The MT5 Navigator window is mainly used to navigate the most widely used areas of the MT5 Platform. These areas are:

1. Accounts: Demo & Live Accounts
2. Indicators
3. Automated Forex Expert Advisors: A list of automated bots within this MT5 Forex Platform
4. Custom Indicators:
5. Scripts: Scripts are used to execute some tasks in MT5

As a trader once you have selected the Navigator Button the following navigator window will appear on your MT5.

Accounts Menu - MT5 Navigator

First menu option on the Navigator list is Accounts tab. To view the accounts tab, you can click the expand button (marked as +), and a list of your saved accounts will pop up. Every time you sign in with a new MT5 account the details will be saved under this 'Accounts Tab'.

By double clicking on any MT5 account you can activate the login and login to that account. You can switch from one MT5 account to the other using this accounts tab.

The example below shows two accounts recorded under this tab, a demo MT5 account marked as a green cartoon and a Live MT5 account marked as a gold cartoon. From this accounts tab, a trader can switch between any of this 2 accounts by double-clicking on any one of them.

Indicators, Automated Expert Advisors, Custom Indicators and Scripts - MT5 Navigation Menu

1. Indicators
2. Automated Forex Expert Advisors: A list of automated bots within this MT5 Forex Platform
3. Custom Indicators:
4. Scripts: Scripts are used to execute some tasks in MetaTrader 5

The above are shown below on the screenshot, to view more option under each of these, traders click the expand button "+ button", this will show more options, to hide, just click the "- button" . For example the "Automated Forex 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.

Indicators: Indicators are forex technical analysis tools used in trading & placed on Forex chart, these tools are used to generate buy & sell signals.

Automated Forex Expert Advisors: Automated robots that are used to place forex trades by generating buy & sell signal automatically using programs which are programmed using the MQL4 coding 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 MT5 Forex Platform, this indicator will be listed here as a 'custom indicator'

Scripts: This is a function used to perform a certain task, for example if you open five forex trades and want to close all of them at once you can attach a 'script close' on your chart thereby closing all open forex 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.)

The Navigator will be one of your mainly used panel when trading, to access it using a short-cut, press 'Ctrl+N' button key on your key board to display or hide it.