MT5 Navigator Window
The MT5 Navigator window is mainly used to navigate the most widely used areas of the MetaTrader 5 Bitcoin Trading Platform. These areas are:
- Accounts: Demo & Live Accounts
- Indicators
- Automated Bitcoin Trading Expert-Advisors: A list of automated cryptocurrency trading robots within this MT5 Bitcoin Trading Platform
- Custom Indicators:
- Scripts: Scripts are used to execute some tasks on MetaTrader 5
As a trader once you have selected the Navigator Button the following navigator window will appear on your MT5.
MetaTrader 5 Navigator
First menu option on Navigator list is Accounts tab. To view the accounts tab, you can click the expand button (marked as +), & a list of your saved accounts will pop up. Every time you sign in with a new MetaTrader 5 account the details will be saved under this 'Accounts Tab'.
By double clicking on any MT5 account you can activate the login and login to that account. You can switch from one MT5 account to the other using this btcusd trading accounts tab.
The example illustrated below shows two accounts recorded under this tab, a demo MT5 account marked as a green cartoon and a Live MT5 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.
MT5 Navigation Menu
- Indicators
- Automated Bitcoin Trading Expert-Advisors: A list of automated cryptocurrency trading robots within this MT5 Bitcoin Trading Platform
- Custom Indicators:
- Scripts: Scripts are used to execute some tasks on MetaTrader 5
The above are shown below on the screenshot, to view more option under each of these, traders click the expand button "+ button", this will show more options, to hide, just click the " - button". For examples the "Automated Bitcoin Expert-Advisors" option below has been expanded.
These tutorials will be covered in more details later, but for now as a trader the following brief introduction about each will do.
Indicators: Indicators are cryptocurrency trading technical analysis tools used in trading & placed on Bitcoin Trading chart, these tools are used to generate buy & sell trading signals.
Automated Bitcoin Expert Advisors: Automated bots that are used to place cryptocurrency 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 have modified or downloaded from the internet and then installed it on your MetaTrader 5 Bitcoin Platform, 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 cryptocurrency trades and want to close all of them at once you can attach a 'script close' on your chart thereby closing all open cryptocurrency 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 key board to display or hide it.
