Charts Toolbar Menu and Customizing it on MT4
The Charts toolbar on the MetaTrader 4 is shown below.
Before explaining how to use each item listed on this charts tool-bar, let's make sure 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 customize panel window will look like:
The tool-bar will now look like:
Explanations of BTCUSD Trade Tools Listed
The following tutorial explains how to trade with each of the buttons numbered below:
1: Bar button, sets the chart drawing technique to Bars
2: Candlesticks button, sets the chart drawing technique to Candlesticks
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 price candlesticks automatically once it has been click. 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 price candle-stick towards the center, henceforth leaving space between the most recent candlestick & 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 window.
9: Periodicity displays all the chart timeframes and a trader can change to a different timeframe for from one they are using by clicking this periodicity shortcut button.
10: Bitcoin Step by Step is used to backtest manual bitcoin systems where a trader places their system on a crypto chart, moves it back for about two months, then begins to move it bitcoin trading step by step while at the same time recording where their 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 navigating menu, a trader just clicks a tool & gains quick access to it. Toolbar will mainly contain the tools which are frequently used by a bitcoin trader within the MetaTrader 4 BTCUSD Crypto Currency Trading Platform Software.
Learn More Tutorials:
- Downwards BTCUSD Trend Line & Downwards Bitcoin Channel
- How Do I Analyze BTC USD Support Resistance Levels in BTC USD Trade?
- Reversal Candlestick Chart Patterns: Bearish Bitcoin Candlestick Patterns
- How to Analyze BTC USD Trading Indicator Signals
- Best Trend BTCUSD Trading Indicators
