This is a ‘’how to’’ article that focuses on teaching you how to install an expert advisor on mt4 and I will also show you how to install an Indicator on the Metatrader platform as well.
The word ”Expert Advisor” gets thrown around a lot but there almost Is little to no knowledge on how to install these expert advisors.
As emphasized in many of my articles earlier, one of the key focal points to breaking an entry into next-generation trading is knowing the why and the how of these expert advisors in the first place.
Although some of my exposé articles on expert advisors are a bit more technical than this, they would definitely point you in the right direction ?.
Installing an Expert Advisor on MetaTrader
This article features MetaTrader as the case study trading platform; relating to you a step-by-step process of how to install an expert indicator on your own personal system.
Note: If you’re more of a visual learner and you would like to see a video tutorial on this article, then click the link
https://www.youtube.com/watch?v=SIvgFPJcTn0. But don’t forget to subscribe and turn on the notification for more trading content
Without further ado, here are the steps:
Step 1: Go to your indicator (The folder where you saved your new indicator)
Surely the indicator you want to install on MetaTrader should have been saved somewhere on your PC. Access the folder.
Step 2: Copy the Expert Advisor
Copying the Expert Advisor allows you to lift it from the folder it is to where you want it to be.
Step 3: Open the > File < menu on your Metatrader platform
On the top left corner of the MetaTrader platform, click on > File < and > Open data folder <
Step 4: Navigate to > MQL4 < Folder
Step 5: Navigate to the experts > Folder <
Step 6: Paste the copied Expert Advisor in the > Expert’s < folder
Remember in the second step you copied an Expert Advisor. In this particular step, you would be pasting the indicator into a new folder
Navigate to the >Experts Advisor< Option and right-click to >refresh <
The New expert advisor has been added to the expert indicator list.
Installing an Indicator
The Methods for installing an indicator are similar to installing an EA.
1: Open the folder where the indicator is saved
2: Copy the indicator
3: Click on > File < & > Open Data Folder<
4: Click on > MQL4<
5: Navigate to the indicators folder
In the list of previous indicators, you paste the new one.
Once you have pasted the indicator in the indicator folder, Open your MT4 page> and click on the indicators
option in the navigator bar and refresh.
After which the new indicator should appear on the list of indicators
Conclusion – How To Install An Expert Advisor on MT4
Installing an indicator is a seamless process that can be done in seven steps or more.
Once you follow these steps, you’d have your new EA or indicator running in no time