Charts Tool-Bar Menu & How to Customize it on MetaTrader 5
The Charts MT5 tool-bar on the MetaTrader 5 is shown below.
Before explaining how to use each item listed on this charts tool-bar, let's make sure all the available tools are added to it by customizing it:
- Right Click at the customize button key to the left of this MT5 toolbar (Looks like a stack of coins) as illustrated below.
2. Click customize 3. Add all Tools
How to Customize
After adding customize window will look like:
The MetaTrader 5 tool bar will now look like:
Explanations of Trade Tools Listed
The following guide explains how to trade with each of the buttons numbered below:
1: Bar button, sets the trading chart drawing method to Bars
2: gold candles button, sets the chart drawing method to Candles
3: Line button, sets the chart drawing method to Line plot
4: Zoom In, zooms in
5: Zooms Out, zooms out
6: Auto Zoom, automatically zooms the trading chart to highlight the most recent xauusd price candlesticks automatically once it has been click. That way the workspace of the prices shows the real time candle that is being quoted in that moment.
7: Chart Shift, shifts the recent xauusd price candle-stick towards the center, therefore leaving space between the most recent candlestick & the extreme right side of the MT5 Software, making it easier for xauusd trading analysis.
8: Technical Indicators menu shows list of all indicators & from this list a trader can select a particular indicator, doubleclick on it to place it on the trading window.
9: Periodicity displays all the chart time frames and a xauusd trader can change to a different time frame for the from the one they are using by pressing this periodicity shortcut button.
10: Gold Step by Step is used to backtest manual trading systems where one places their system on a xauusd chart, moves it back for about 2 months, then begins to move it trading step by step while at the same time recording where their strategy would have given a buy signal or a sell signal or an exit signal, just the same way one would have traded real time while the prices update.
11: Templates Button Key used to save new templates and load templates that have been saved on platform.
All the buttons provide short-cuts instead of traders looking for these option the long way using main navigating menu, a trader just clicks a tool and gains quick access to it. The MT5 tool-bar will mainly contain the tools which are frequently used by a gold trader within the MT5 Software.
More Tutorials and Courses:
- How Do You Test MQ5 Automated Gold Robots?
- Technical Analysis Bears Power Technical Indicator Buy FX Trading Signal
- Explanation of How to Backtest MetaTrader 5 Expert Advisor Bot Described
- What Does a XAU USD Leverage of 1 1 Mean?
- What is XAUUSD Doji Candlesticks in Gold?
- How to Trade Inverse Head & Shoulders Pattern in Gold
- Gann HiLo Activator Gold Indicator Technical Analysis
- Standard Gold Account and Micro Gold Account
- Gold Save a Trade Template on MT5 Trading Software
- Analysis of CCI XAU/USD Indicator Divergence Gold Setups
