Standard Toolbar Menu and Customizing it on 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 buttons are added to it by customizing it:
- Right-Click on the tool-bar customize button key to the left as displayed below
2. Click customize 3. Add all Tools
Add Tools
After Adding & customizing, it'll look like:
On the platform, the standard tool-bar now looks like:
Explanation of Each Stock Tool on the Standard Toolbar
1: Opens a stock chart in the 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 profile or to save a new profile: these options are provided as a sub-menu from drop-down arrow.
3: Opening and closing market watch window panel: market watch displays the quote prices for selected trading instruments.
4: Data panel opens and closes and it displays stocks price information as well as other data like indicator's information.
5: Navigator Shortcut, navigator displays Account data, indicators, scripts & Expert-Advisors data.
6: Terminal panel shortcut, displays the transactions opened by a trader - shows open trades, balance, account equity, transaction history, news, Expert-Advisors tab, signals tab and trade alerts tab.
7: Strategy tester opens the Stock Trading Strategy Tester and traders can test their Expert Advisors on this Stock Trading Strategy Tester environment.
8: Places a new order by opening a popup panel where as a trader you can specify the stock to buy, the amount to trade, and if the order will be a market order or set as a pending stock trade order.
9: Meta Editor opens the Meta Editor environment where a trader can add or program an Expert Advisor or a new trading indicator on this Meta Editor Environment.
10: Help, if you do not know something on MT4 click this & point on any MT4 object and get an explanation.
11: Options settings for editing the MetaTrader 4 options that are used by your platform, these settings are server settings & Expert Advisors settings found under main navigation menu on tools menu, options sub-menu.
12: Full screen option for setting trading chart to full screen option, Shortcut is Key-board Key 'F11'
13: Print Chart
14: Print Preview
15: EAs - activates and deactivating EAs on a stocks chart, clicking this button key changes color from green to red, green color means Expert Advisor is allowed, red means Expert Advisor execution not allowed.
Remove Buttons
As a trader you'll not require all these button keys and you can hide some of them by clicking customize (shown above), then choose some of the items on the right side panel & then choose hide.
Remove the above tools by clicking on them and clicking the remove button key.
