[PC Version] Chapter 6: Let’s Check the Toolbar

Introduction to Toolbar Operations

Using the toolbar, you can easily perform operations with just a click of an icon button.
By understanding the functions of each icon and what operations they allow, you can trade more smoothly and efficiently.

(1) About the Toolbar

All toolbars are customizable and can be arranged and executed as needed.
Toolbar Functions

New Chart Creation Icon Opens a new currency pair window.
Select the desired currency pair from the list to open a new chart.
Chart Group Display Icon A menu for managing and operating chart groups.
You can enable or delete groups, and save them based on the current chart window configuration.
Market Watch Icon Displays the current prices of available currency pairs in this window.
You can open a currency pair chart and place orders.
Data Window Icon Displays information about prices and placed analytical tools in this window.
Navigator Icon Compiles all open accounts, available Expert Advisors, technical analysis tools, and scripts in this window.
Terminal Icon Allows you to place orders, view account history, receive news, etc.
Strategy Tester Icon Tests and optimizes Expert Advisors.
New Order Icon Displays a window to place a market or pending order.

(2) About the Chart Toolbar

Allows you to configure and operate technical analysis settings placed on charts.
Chart Toolbar Functions

Bar Chart Icon Displays the chart as a series of bars.
Candlestick Icon Displays the chart as a series of candlesticks.
Line Chart Icon Displays the chart as a series of lines.
Zoom In Icon Zooms in on the chart.
Zoom Out Icon Zooms out on the chart.
Align Windows Icon Aligns the windows.
Auto-scroll with Updates Icon Automatically scrolls the chart to the latest bar.
Shift Chart to the Right Icon Moves the latest bar of the chart to the position of the chart shift label.
 Indicator List Icon Calls up a submenu for setting and operating technical analysis.
Timeframe Settings Icon Calls up a submenu for setting the chart timeframe.
Chart Template Settings Icon Calls up a submenu for setting and operating template charts.

(3) About the Line and Other Toolbars

Used for working with graphical objects and changing cursor operation modes.
Line and Other Toolbar Functions

Cursor Icon Selects various objects on the chart with the cursor.
Crosshair Cursor Icon Highlights the coordinates of the selected position on the chart or analysis tool screen.
Insert Vertical Line Icon Inserts a vertical line on the chart.
Create Horizontal Line Icon Inserts a horizontal line on the chart.
Create Trend Line Icon Inserts a trend line on the chart.
Create Parallel Channel Icon Creates a parallel channel.
Create Fibonacci Retracement Icon Inserts a Fibonacci retracement on the chart.
Create Text Icon Adds comments to the chart.
Text is fixed directly on the chart.
Display Text Label Icon Text labels are pasted onto the chart screen, not directly on the chart.
Display Arrows, etc. Sets arrow properties. Adds or deletes shape chart signs.

(4) About the Timeframe Settings Toolbar

Clicking a button changes the chart timeframe of the active screen.
Timeframe Settings Toolbar

From left to right: M1 (1-minute chart), M5 (5-minute chart), M15 (15-minute chart), M30 (30-minute chart), H1 (1-hour chart),
H4 (4-hour chart), D1 (daily chart), W1 (weekly chart), MN (monthly chart).

[PC Version] Chapter 7: Let’s Try Trading with MetaTrader 4