MT4 Navigator Window

The MetaTrader 4 Navigator panel is mainly used to navigate the most widely used areas of the MetaTrader 4 software. These areas are:

1. Accounts: Demo & Live Accounts
2. Indicators
3. Expert Advisors: A list of automated stock indices bots within this MetaTrader 4 software
4. Custom Indicators:
5. Scripts: Scripts are used to execute some tasks in MT4

As a trader once you have selected the Navigator Button the following navigator window will appear on your MT4.

Stock Indices Trading Accounts Menu

First menu option on the Navigator list is the Accounts tab. To view accounts tab, you can click expand button key (marked as +), & a list of your saved accounts will pop up. Every time you login 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 & login to that account. You can switch from one account to the other using this stock indices trading accounts tab.

The example explained and illustrated below shows two accounts recorded under this tab, a demo indices trading account marked as a green cartoon and a Live account marked as a indices cartoon. From this stock indices trading accounts tab, a trader can switch between any of this 2 accounts by double-clicking on any one of them.

Indicators, Expert Advisors, Custom Indicators and Scripts

1. Indicators
2. Expert Advisors: A list of automated stock indices bots within this MetaTrader 4 software
3. Custom Indicators:
4. Scripts: Scripts are used to execute some tasks in MT4

The above are shown below on the screen-shot, to view more option under each of these, traders click the expand button key "+ button key", this will illustrate more options, to hide, just click " - button key". For examples 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 & placed on Stock Indices chart, these tools are used to generate buy and sell stock indices trade signals.

Expert Advisors: Automated Trading robots that are used to place trades by generating buy and sell stock indices signal automatically using programs which are programmed using the MQL4 programming language.

Custom Trading Indicators: A custom indicator includes an indicator that you have 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 examples 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's a topic for later.)

Navigator will be one of your mainly used panel when trading, to access it using a short-cut, press 'Ctrl+N' button key on your key board to display or hide it.