Yes, you are on the latest version. Panels are a type of control in MIDI Designer. Try googling "midi designer panels" (without quotes) to see how they work. Regarding removing the hand and magnifying glass... on most iOS versions (and iPads) they should disappear when used in landscape mode. However, on the new 12.9" iPad Pro (3rd gen), the 11" iPad Pro (3rd gen) and on iOS 9 they cannot be hidden.