This tutorial for MetaTrader 4 teaches you how to:
A custom indicator can be added to the MetaTrader 4 platform.
On your charts, use a custom indicator.
- Find the MT4 custom indicator file on your computer and copy it. The MT4 indicator free download files are these. The icons have the following appearances:
- Access the data directory.
Open the MQL4 file.
Copy and paste the files.
Start MetaTrader 4 again.
How to apply an individual indication to your charts
First, launch the MetaTrader 4 platform.
- Find the navigation panel.
- Locate Custom Indicators on the navigator.
- Select Custom indicators, and your newly installed indicator should appear.
- The Indicator Properties box will open when you double-click the indicator.
Indicator addition in MT4: how to do it?
Even though we’ve provided basic installation instructions above, there may be certain details that are specific to your selected broker or the addon; it’s important to check their websites to ensure that the MQ4 files have been placed in the correct directories.
Describe the EX4 file.
A programmed that has been developed for MetaTrader, a platform designed for online trading of the Forex, Futures, and CFD markets, is stored in an EX4 file. It provides executable code that may be run on the MetaTrader platform after being compiled from.MQ4 files.
The Meta Editor programmed, which comes with the MetaTrader platform, compiles source code files into EX4 files
Indicators, scripts, or an Expert Advisor—a programme for automating Meta Trader’s trading and analysis processes—may be found in the EX4 file. MetaTrader 4 uses the EX4 file, whereas the. MetaTrader 5 uses EX5 files.
Forex Gold Hero Robot (MT4)
An automatic Forex trading programme called the Gold Hero EA for Metatrader 4 is made to trade the gold charts and several different currency pairs. To outperform the market, the expert adviser blends averaging techniques with trend-following trading tactics.
Due to its improved money management, the Gold Hero EA does not produce significant losses in stormy markets (equity guard function). During our month-long test, the EA generated some revenue.
Any Forex broker of your choice should operate with this fully automatic trading robot. As always, make sure you test this EA first on a demo account to ensure that you fully get how it operates and how it performs over the course of a substantial amount of time.
Indicator for Super trend MTF Forex Trading (MT4)
The old Super trend indication has been improved with the Multi-Time Frame (MTF) Support and resistance indicator mt5.
A dashboard with buy/sell signals is seen in the upper left corner of the primary chart in the MTF Super trend indicator version.
Time frames can be ON and OFF from the indicator’s inputs. You have downloaded and installed the indicator on the MT4 trading platform.
Buying and selling signals
just using the Super trend indicator
Analysis of many time frames
Worth adding to your collection of indicators
This indicator can be used as a straightforward buy/sell entry confirmation tool with any current trading strategy or system.
How can I use a particular indicator or approach with another indicator?
Another indication can also be used in conjunction with a method or an indicator (such a moving average). This brings up a wide range of prospects for technical analysis and discovering fresh trading opportunities.
There are three strategies to take:
- Select “Add Indicator/Strategy” by clicking the “More” button (the three horizontal dots) next to the title of the indicator you want to utilize as an external input.
The indication or approach that will use the first indicator support and resistance indicator mt5 as an input after that.
- Right-click on the plot of an indicator. Select “Add Indicator/Strategy on” after that.
- From the “Settings/Inputs” tab of a script, add the external input. Make sure both scripts are loaded on your chart before you proceed. To connect an external input to an indicator or strategy, click the “Settings” cog next to its name. Then, under the “Inputs” tab, select a plot from the other indication you wish to utilize as an external input by clicking on the source dropdown and selecting it.