Charts Toolbar Menu and Customizing it on MT4
The Charts toolbar on the MT4 is shown below.
Before explaining how to use each item listed on this charts toolbar, let's make sure that all the available tools are added to it by customizing it:
- Right Click at the customize button key to the left of this tool bar (Looks like a stack of coins) as shown below.
2. Click customize 3. Add all Tools
How to Customize
After adding the customize window will look like:
The tool bar will now look like:
Explanations of BTCUSD Trading Tools Listed
The following tutorial explains how to trade with each of the button keys numbered below:
1: Bar button, sets the chart drawing technique to Bars
2: Candlesticks button key, sets the chart drawing technique to Candles
3: Line button, sets the chart drawing technique to Line plot
4: Zoom In, zooms in
5: Zooms Out, zooms out
6: Auto Zoom, automatically zooms chart to highlight the most recent bitcoin trading price candlesticks automatically once it has been clicked. That way the workspace of the bitcoin prices shows the real time candle that is being quoted in that moment.
7: Chart Shift, shifts the recent bitcoin trading price candlestick towards the center, therefore leaving space between the most recent candlestick and the extreme right side of the MT4 platform, making it easier for technical analysis.
8: Trading Indicators menu shows a list of all trading indicators & from this list a trader can choose a particular indicator, double click on it to place it on trading panel.
9: Periodicity displays all the chart time-frames and a trader can change to a different timeframe for from one they are using by clicking this periodicity shortcut button key.
10: Bitcoin Step by Step is used to backtest manual bitcoin trading systems where a trader places their cryptocurrency trading system on a crypto chart, moves it back for about 2 months, then starts to move it bitcoin trading step by step while at the same time recording where their trading strategy would have given a buy cryptocurrency signal or a sell cryptocurrency signal or an exit signal, just the same way a trader would have traded realtime while the bitcoin prices update.
11: Templates Button Key used to save new templates and load templates that have been saved on platform.
All the button keys provide short-cuts instead of traders looking for these option the long way using the main navigation menu, a trader just clicks a tool & gains quick access to it. Toolbar will mainly contain the tools that are frequently used by a trader within the MetaTrader 4 BTCUSD Trading Platform.
