MT4 Gold Software Guide
The MetaTrader 4 Navigator window panel is mainly used to navigate the most widely used areas of the MetaTrader 4 software. These areas are:
- Accounts: Demo & Live Accounts
- Indicators
- Expert Advisors: A list of automated xauusd bots within this MetaTrader 4 software
- Custom Indicators:
- Scripts: Scripts are used to execute some tasks in MT4
As a gold trader once you have selected the Navigator Button the following navigator window will appear on your MT4.
MT4 Navigator
The First menu option on Navigator list is the Accounts tab. To view accounts tab, you can click expand button (marked as +), & a list of your saved accounts will appear. Every time you sign in with a new account the details will be saved under this 'Accounts Tab'.
By double-clicking on any account you can activate the login & login to that account. You can switch from one account to the other using this xauusd trading accounts tab.
The example illustrated and explained below shows two accounts recorded under this tab, a demo gold trading account marked as a green cartoon and a Live account marked as a gold cartoon. From this xauusd trading accounts tab, a gold trader can switch between any of this 2 accounts by double-clicking on any one of them.
MT4 Navigation Menu
- Indicators
- Expert Advisors: A list of automated xauusd bots within this MetaTrader 4 software
- Custom Indicators:
- Scripts: Scripts are used to execute some tasks in MT4
The above are shown below on screenshot, to view more option under each of these, traders click the expand button key "+ button", this will illustrate more options, to hide, just click " - button". For examples the "Expert-Advisors" option below has been expanded.
These tutorials will be covered in more details later, but for now as a gold trader the following brief introduction about each will do.
Technical Indicators: Technical Indicators are technical analysis tools used in trading & placed on XAUUSD chart, these tools are used to generate buy & sell signals.
Expert Advisors: Automated robots that are used to place trades by generating buy & sell signal automatically using programs which are coded using the MQL4 programming language.
Custom Trading Indicators: A custom indicator includes an indicator that you've modified or downloaded from the inter net & then installed it on your MT4 software, this technical indicator will be listed here as a "custom technical indicator"
Scripts: This is a function used to perform a certain task, for examples if you open five trades and want to close all of them at once you can attach a 'script close' on your chart thereby closing all open trades at once (However, you need to set up some setting on the MetaTrader to allow scripts execution trading, that's a topic for later.)
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 keyboard to display or hide it.