MetaTrader 4 Software Lesson Guide

The MT4 Navigator panel window is mainly used to navigate the most widely used areas of the MetaTrader 4 platform. These levels are:

Accounts: Demo and Real Accounts
Indicators
EAs: A list of automated bots within this MT4 platform/software
Custom Technical Indicators:
Scripts: Scripts are used to execute some tasks on the MT4

As a trader once you have selected the Navigator Button the following navigator window will appear in your MT4.

MT4 Navigator

The First menu option on Navigator list is the Trade Accounts tab. To view accounts tab, you as a trader can click expand button (marked & labeled as +), & a list of your saved accounts will appear. Every time you login with a new account the authorization login credentials/details will be saved under this 'Accounts Tab'.

By double-clicking on any account you as a trader can activate the log in & login to that account. You can switch from one account to the other using this accounts tab.

The example shown & described below displays two accounts recorded under this tab, a demo trade account marked as a green cartoon and a Real account marked as a gold cartoon. From this trading accounts tab, a trader can switch between any of these two accounts by double clicking on any one of them.

MT4 Navigation Menu

Indicators
EAs: A listing of automated bots within this MT4 platform
Custom Technical Indicators:
Scripts: Scripts are used to execute some tasks on MT4 Platform Software

The above are shown below on screen-shot, to view more options under search, traders click the expand(+) button "+ button", this will show more options, to hide, just press " - button". For examples the "Expert Advisors" option below has been expanded.

These tutorials will be discussed in more details & particulars later, but for now as a gold trader the following explanation about each will do.

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

EAs: Automated bots that are used to place and open trades by generating buy and sell signal automatically using programs which are coded using the MQL4 programming language.

Custom Trading Indicators: A custom indicator includes an indicator which you've modified or downloaded from the inter net and then installed it on your MT4 platform software, this technical indicator will be listed and shown here as a "custom indicator"

Scripts: This is a specified function used to perform a certain task, for examples if you open five trade positions and want to close all of them at once you as a trader can attach a 'script close' on your chart thereby closing all open trade positions at once (However, you as a gold trader need to setup some parameters on MetaTrader platform to allow scripts execution trading, that is a tutorial for later.)

The Navigator will be one of your frequently used panel window when trading, to access it using shortcut, press 'Ctrl+N' button on your keyboard to display or hide it.

More Guides and Lessons:

Trade Gold Trading

MetaTrader 4 Software Lesson Guide

MT4 Navigator

MT4 Navigation Menu