MT4 Navigator Window
The MT4 Navigator window panel is mainly used to navigate the most widely used areas of MT4 software. These areas are:
- Accounts: Demo and Live Accounts
- Indicators
- Expert Advisors: A list of automated cryptocurrency trading robots within this MT4 platform
- Custom Indicators:
- Scripts: Scripts are used to execute some tasks on the MetaTrader 4
As a trader once you have selected the Navigator Button the following navigator window will appear on your MT4.
MT4 Navigator
First menu option on the Navigator list is Accounts tab. To view the accounts tab, you can click the expand button (marked as +), and a list of your saved accounts will pop up. 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 log in and sign in to that account. You can switch from one account to the other using this btcusd trading accounts tab.
The example illustrated below shows two accounts recorded under this tab, a demo bitcoin trading account marked as a green cartoon and a Live account marked as a bitcoin cartoon. From this btcusd trading accounts tab, a trader can switch between any of this two accounts by double-clicking on any one of them.
Indicators, Expert Advisors, Custom Indicators & Scripts
- Indicators
- Expert Advisors: A list of automated cryptocurrency trading robots within this MT4 platform
- Custom Indicators:
- Scripts: Scripts are used to execute some tasks on the MetaTrader 4
The above are shown below on screen-shot, to view more option under each of these, traders click the expand button "+ button", this will show more options, to hide, just click " - button". For example the "Expert Advisors" option below has been expanded.
These topics will be covered in more details later, but for now as a trader the following brief introduction about each will do.
Technical Indicators: Technical Indicators are technical analysis tools used in trading and placed on Cryptocurrency chart, these tools are used to generate buy & sell bitcoin signals.
Expert-Advisors: Automated bots that are used to place trades by generating buy & sell cryptocurrency signal automatically using programs that are programmed using the MQL4 coding language.
Custom 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 example if you open five trades & 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 is a topic for later.)
The Navigator will be one of your mainly used panel when trading, to access it using a shortcut, press "Ctrl+N" button on your keyboard to display or hide it.
