MT4 BASICS: HOW TO INSTALL AN EXPERT ADVISOR

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STEP-BY-STEP INSTRUCTIONS: INSTALLING AN EXPERT ADVISOR on MT4

Step 1: Transferring files

  1.  Download Your  EA and Keep note of the location of where you saved it.
  2.   Select and copy the EA file you wish to install.
  3.   Open your Meta Trader Platform (MT4) Application which provided from your Broker or download from MetaTrader website. 
  4.  Once your MT4 already open, Go to file and select Open Data Folder.

5.  Next folder please select MQL4.

6. Select Expert folder and paste your  file inside the expert folder

 

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Step 2: Installing the EA on the MT4 platform

  1. Since your MT4 platform are already Launch, Got to Navigator pane.
  2. Look for the Expert Advisor section under the Navigator pane at the left side of the platform. Right click and select Refresh to shows your new Expert Advisor.

3. Click on the EA you want to install and drag it onto one of the charts on your Selected Currency pair platform

4. Click yes to open your EA.

Step 3: Adjusting the settings

*On your EA, under common Tab*

  1. Check Enable alerts.
  2. Allow Live Trading
  3.  Allow DLL Imports and Allow imports of External Experts.
  4. Then Click OK.  
  5. At your input tab, this will be your own preferred settings on your EA.

Step 4: Enable Auto trading Button

  1. After you have done the installation, check the Auto trading Button. If still in red color and the smiling face photo near to EA name is still on unsmiling face, your EA is not functioning yet.
  2.  Click the Auto trading button at the top of your MT4 Platform  to enable mode. As per below photo.  Make sure to turn to green, and the smiling face photo show’s.   And your Done…

Note:  If the EA still not functioning and the smiling face still still off even Auto trading button already in green, Please repeat Step 2 item 3 while Auto trading button in green mode and follow the next steps.

Happy Trading..

 

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