How can I add custom indicators or EAs to MT4/MT5? Open MT4, go to File>Open Data Folder, then select MQL4/5>'Experts' or 'Indicators' and paste your MQL4/EX4 or MQL5/EX5 file in this folder. When you reopen the platform you should now see your custom EA/Indicator in the Naviga...
Once MT5 has restarted, go to:Insert>Indicators>Custom>Your indicator name(should be at the bottom of the list) If you want to add the indicator to multiple charts, setup a chart template and include the indicator in the template. To do this, right-click on the chart, then click onSave...
In newer MT4 and in MT5 indicators, the function is called OnCalculate and its declaration can vary from one indicator to another. You have to insert the alert conditions code just above the last return(rates_total); statement inside that function....
To trade using the momentum indicator, you can place buy orders when its value increases from below 100 and crosses over, and place sell orders when prices drop from over 100 to below. To use the momentum indicator well, you need stay focused, or you may miss the right entry and exit p...
it is time to learn to apply the Tabajara Index. You can do so by first going to Properties and applying color to the low and high candles. As I previously said, the convention is to go for red for the low ones and green for the high ones. Afterward, add this indicator to the cha...
Experiment with different indicator settings Trail your stop loss Target a smaller profit target Target a larger profit target Split your profit targets Tighten your stop loss Make your stop loss larger Add an additional indicator or criteria to enter or exit ...
Trading with MT4 and MT5 offers in-depth and easy-to-navigate charting solutions. You also get numerous time frames to choose between. Many of the best brokers offer access to the MetaTrader suite. TradingView: Get real-time charts for day trading on 1, 3, 5, and 15-minute time frames,...
One of the most important tools that you will need to have a firm grasp of is that of technical indicators. For those unaware, technical indicators allow us to gauge the relationship between historical trends and current prices. Depending on the specific technical indicator that you are using, ...
It is also possible to fall victim to a scam while using a legitimate broker and a legitimate MT4 or MT5 software version. There are various third-party apps and add-ons that work with MetaTrader software, and you may be sold a fraudulent version of one, such as an Expert Advisor (EA)...
On MetaEditor5 you need to create handles for each indicator or EA and functions for getting value from the EA or indicator by this handle. Changing the MT4 Source Code to a Workable MT5 Version: Step-by-step Guide This brief section explains what you need to add the source code for MT4...