How to install custom indicator in MetaTrader 4

custome indicator installation process

How to install custom Indicator in MetaTrader 4 Platform step by step.

Indicators assist interpret your own graph or ensure it is simpler to comprehend the things that they symbolize. Below you will locate a brief explanation about what steps to take to best to put in an index. Additionally, there are hundreds and hundreds of indicators which allow you to create matters more straightforward to spot or view your own graphs. They are sometimes split into several classes: fashion indicators, oscillators and volume signs and also a couple much additional. Each one these indicators have parameters of efficacy, dependability, others and lagging.

This guide assumes that you have opened a MetaTrader 4 platform chart.

1) Locate & download your best of the custom 1.forex indicators 2.forex strategies 3.binary option indicators 4.binary option strategies 5.expert advisors zip file from forex in world trade tools section to your system (desktop, computer).

 

After the zip file is downloaded, just select the file and right click from mouse and click Extract All.

 

custon indicator extract
example for custom indicator extract on desktop

 

 

2) After click Extract, All same name unzip the folder to show on your system.

 

Unzip custon indicator file
unzip custom indicator file

 

 

3) Open this unzip the folder and see your main trading tool file is inside with proper name.

 

indicator
indicator file

 

4) Open your MetaTrader4 platform, Open file from the top options and click Open data folder.

 

mt4 menu option
mt4 menu option

5) Open MQL file and open Indicator folder. and paste file custom indicator file there.

 

After complete this all steps. see how to use a custom indicator on your MetaTrader 4 platform charts.

 

1) Open your MetaTrader4 platform.

 

2) Locate the Navigator panel, as below.

 

navigator panel
navigator panel

3) On the navigator, search your Custom Indicators for install in MetaTrader4 platform chart.

 

4) Double click the indicator and the Indicator Properties and set as per strategy rules like notification alerts, change indication mark colours as per your think and ok to use.

  • the custom indicator installation process is completed.

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7 COMMENTS

  1. I am looking at buying the full version but i need more confidence.

    You say its for any currency? Would i need to tweak the parameters for each currency or could the default functions work at a suitable success rate with the currencies?

    I have set it up as guided for EUR/USD , GBP/USD and USD/JPY but would be interested in the others.

    1. Actually MT4 and MT5 is both are similer. MT5 is upgraded version of MT4. you can use this all steps in MT5 platform Indicator installation process.

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