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How to install an Expert Advisor, indicator, template

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Beginners often have questions - how to install an indicator, a script, an advisor for MT4. In order to facilitate finding answers to these questions, we have created not big instruction. To make it easier to find answers to these questions, we created not big instruction.

General information before you begin:

The file of advisor and indicator has extension .mq4 or ex4. Usually, the .ex4 or .mq4 file for trading works with both) and additional files (indicators or libraries). 

To start the installation, you need to get into the Metatrader 4 data directory anyway. To do this in the terminal, click File -> Open Data Catalog

Next, according to the instructions.

How to install an Expert Advisor

1. Copy the Expert Advisor .ex4 or mq4 file to the folder Disk:\Program Files\MetaTrader broker name\MQL4\Experts (or the folder where MetaTrader 4 is installed) when MetaTrader is closed (depending on your brokerage company may have different names).

If there are additional files, they also need to be moved into folders.

  • The .dll file is a library, often included with Expert Advisors. This file must be placed in the folder MetaTrader\MQL4\Libraries
  • If there are .set files (templates of EA settings), move them to MetaTrader\MQL4\Presets
  • Sometimes in the package with the advisors may also be indicators, which are necessary for the work of the expert. They are represented by .ex4 (or .mql) files. Move them to the folder MetaTrader\MQL4\Indicators

2. Launch MetaTrader 4.
3. Open the "Navigator" window

4. Open the "+" tab "Advisors" and find the installed EA in the list of experts.

5. Drag the Expert Advisor to the chart of the desired currency pair.
6. In the appearing window of the EA settings on the tab General set the checkboxes as on the picture and click OK.

7. Then click on the tab "Input parameters" and, if necessary, make adjustments to the Expert Advisor.

Attention: In the presented on the site advisors can change only Lotsize - lot size. The rest of the settings we advise not to change.

8. Press the " Experts " button at the top of the terminal - it should turn green. Smiley face of the Expert Advisor in the right corner of the chart of the currency pair should be smiling.

How to install an indicator

1. Copy the indicator .mq4 file to the folder C:\Program Files\MetaTrader\MQL4\Indicators (or the folder where MetaTrader 4 is installed) when MetaTrader is closed (depending on your brokerage company, it may have a different name).
2. Launch MetaTrader 4.
3. Open the "Navigator" window
4. Open the "Custom Indicators" tab by pressing "+" and find the set indicator in the list of indicators.
5. Drag the indicator onto the chart of the desired currency pair.

6. Check the same box as in the installation of the Expert Advisor (see item 6).

How do I install a trading system template

1. Copy the indicator .tpl file to the folder C:\Program Files\MetaTrader\templates (or the folder where MetaTrader 4 is installed) when MetaTrader is closed (depending on your brokerage company, it may have a different name).
2. Запустить MetaTrader 4.
3. Select the desired trading pair and timeframe.
4. Click on the "Templates" icon to find the desired template and double-click the left mouse button.

How to install a library file

1. Copy the .dll library file into the folder C:\Program Files\MetaTrader\MQL4\Libraries (or folder where MetaTrader 4 is installed) when MetaTrader 4 is closed.
2. Launch MetaTrader 4.
3. The library is installed.

How do I download the Expert Advisor preset

5. In the window of quotes right-click on the chart and select "Expert Advisors" - "Properties", or just press F7
6. In the window that opens, select the "Input parameters" tab and click the "Load" button.
7. Select the Expert Advisor .set file from the folder Program Files\MetaTrader\MQL4\Presets and right-click twice on it.
8. Press the "Save" button


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