How to install a Trading Advisor in MetaTrader and configure it to work in the terminal. In this article, we will guide you on how to install a Trading Advisor in MetaTrader and configure it to work on the terminal chart. You will learn what steps need to be taken to ensure that your indicator or utility works seamlessly on the terminal chart.
The EA status has 2 modes and here are 8 reasons why the advisor can stop:
EA Works – The Advisor works fine. Wait for the signal, or wait until the advisor accompanies the deals. A common error is not detected!
EA Doesn’t Work – The Expert Advisor does not work. The following lines describe the reasons for stopping the operation:
Reasons Why Expert Advisor Does Not Work:
“Stop TRADING” – You press the button “Stop Trading” and the Expert Advisor stops! It will not execute the algorithm. Open, close, modify the position, the order, etc. The Advisor will stop completely until you press the button “START TRADING” again.
“ONLY MODIFY” – You pressed the button “MODIFY ONLY“. Now, the Expert Advisor is entitled only to modify the already opened trades and orders without opening new signals!
Accompanying this position: Stop-loss, take profit, closing of total gains and losses, trailing stop, averaging, additional trend openings, and other features participating in the strategy.
When the “MODIFY ONLY” button is pressed, the Expert Advisor will not process any new signals from the strategies and indicators.
“AutoTrading Check” – Check the button “AutoTrading / Algotrading” on your terminal:
Automatic trading is allowed, and trading functions in running programs are approved for use.
– Automated trading is prohibited while running programs will work, although trading functions cannot be performed.
“Allow Live Trading Check” – You are not allowed to enable the Expert Advisor to trade on your account:
In the Expert Advisor settings, click “Allow Live Trading“.
“INVEST” – You are trading on an Investment Account with an Invest password. On this account, you are prohibited from trading activities using your password.
“NoSymbol” – Trading is prohibited for this symbol! The broker has banned trading on this symbol. Right-click in Market Watch > Display All Symbols and find a symbol with a suffix (for example, _i, .m, s) and drag it to the chart!
“NOEATRADE” – Trading is prohibited for Expert Advisors on the current account! The broker has banned trading with Expert Advisors on this account. Notify the broker. (“AutoTrading / Algotrading” disabled by the server):
There is no connection with the trading server.
The trading account has been transferred to read-only mode (archived).
The trading account is forbidden on the trade server.
Connection to the trading account is made in investor mode.
Additional Features
An advisor can be tested in Strategy Tester. To do this, press Ctrl + R to run the tester, select the advisor, and press Start.
If you want to visually see the EA working before this setup, check the box for “Visualization“.
You can set the indicator in the same way as the Expert Advisor. To do this, copy the indicator to the Indicators folder.
Copy the indicator file .ex4 (.ex5) to the folder C:\Program Files\MetaTrader\MQL4(MQL5)\indicators\ (or the folder where you installed MetaTrader) with MetaTrader closed;
Run MetaTrader;
Open the window “Navigator“;
Click the “+” tab “Custom Indicators” (Indicators) and find the indicator in the list of indicators;
Set the indicator to the chart of the required currency pair;
How to Install the Script?
Copy the script file .ex4 (.ex5) to the folder C:\Program Files\MetaTrader\MQL4(MQL5)\scripts\ (or the folder where you installed MetaTrader) with MetaTrader closed.
Run MetaTrader.
Open the window “Navigator“.
Click the “+” tab “Scripts” and find it in the list of installed scripts.
Set it to the chart of the required currency pair.
The script is installed.
How to Install the Library File?
Copy the library file .ex4 (.ex5) to the folder C:\Program Files\MetaTrader\MQL4(MQL5)\libraries\ (or the folder where you installed MetaTrader) with MetaTrader closed;
Run MetaTrader 4;
The library is installed.
Example of Using Our Library
Our dashboard has a unique code that cannot be added to the experts you buy in open source! You can add our panel as a library.
2 responses to “How to install Expert Advisor and indicators to the MetaTrader terminals”
синяя ручка
Почему на главном меню (где есть файл, вид, графики….) нет вставки? Я на мт5 совсем недавно, может быть еще не разобрался до конца. Мне очень необходимы графические фигуры, линии для графического анализа))). Можно ли настроить так, чтобы вставка появилась
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Automatic trading is allowed, and trading functions in running programs are approved for use.
Automatic trading is allowed, and trading functions in running programs are approved for use.
– Automated trading is prohibited while running programs will work, although trading functions cannot be performed.
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