The main MetaTrader features via Navigator

The MetaTrader Navigator gives you quick access to key MetaTrader features; it arranges them in groups in a tree structure. There are five groups:
  • Accounts – your MetaTrader accounts
  • Indicators – built-in MetaTrader technical indicators
  • Expert Advisors – programs that automate market analysis and trading
  • Custom Indicators – technical indicators that you have created
  • Scripts – one-off scripts that you have created
You can access the ‘Navigator’ window any of the in the following ways:
  • Press Ctrl+N
  • Select ‘Navigator’ from the ‘View’ menu
  • Press the Navigator icon in MT4 button in the ‘Standard’ toolbar

There is also a ‘Favorites’ menu where you can store the commands you use the most.

Navigation window in MT4
Figure 1. The ‘Navigator’ Window

Accounts

The ‘Accounts’ group includes all your active MetaTrader accounts. You can log in to an account using the following methods:
  • Double-click on the account with the left mouse button
  • Right-click on the account and select ‘Login’ from the context menu
You can also create demo accounts here. There are two ways of doing this:
  • Press Insert
  • Right-click and select ‘Open an account’ from the context menu
You can’t create real accounts, although you can access them. Only Forex4you can create real accounts.

Indicators

The ‘Indicators’ group contains built-in MetaTrader technical indicators, which are used to analyse market data on charts. You can add indicators to charts in the following ways:
  • Double-click on an indicator with the left mouse button to add it to the active chart
  • Right-click on an indicator and select ‘Add to Chart’ to add it to the active chart
  • Drag-and-drop an indicator to any chart – not just the active one

Expert Advisors

Expert advisors are compiled programs that automate analysis and trading, and are created using the built-in MetaEditor. Do the following to work with expert advisors:
  • Right-click and select ‘Create’ to create a new expert advisor
  • Right-click and select ‘Modify’ to modify an existing expert advisor
  • Right-click and select ‘Delete’ to delete an existing expert advisor
To apply an expert advisor to a chart, do the following:
  • Double-click on an advisor with the left mouse button to add it to the active chart
  • Right-click on an advisor and select ‘Add to Chart’ to add it to the active chart
  • Drag-and-drop an advisor to any chart – not just the active one
Uncompiled expert advisors can’t be applied to charts; these are greyed out in the ‘Navigator’ window. More information about expert advisors can be found in the ‘Auto Trading’ section of the MetaTrader 4 User Guide.

Custom Indicators

Custom indicators are technical indicators that you have created yourself. The context menu for custom indicators is similar to that for expert advisors. More information about custom indicators can be found in the ‘Custom Indicators’ section of the MetaTrader 4 User Guide.

Scripts

Scripts are one-off, uncompiled programs that you have created yourself. The context menu for scripts is similar to that for expert advisors. More information about scripts can be found in the ‘Scripts’ section of the MetaTrader 4 User Guide.

Hot Keys

You can assign hot keys to any item in the ‘Navigator’ window, except for accounts. To do this, select ‘Set Hotkey’ from the context menu.

Note that hot key settings override hot key defaults. For example, if you assign Ctrl+O to the ‘On Balance Volume’ indicator, the key will no longer open the terminal settings window.

Favorites

The ‘Favorites’ tab contains the commands that you use most often. You can add any command from its corresponding context menu, including commands that are in context menus themselves. To delete an item, right click on it in the ‘Favorites’ tab and select ‘Delete from Favorites’.