V MT4 there are a number of its own built-in indicators, but sometimes they are not enough for analysis and it is necessary to install an additional indicator. Let's look at how to do this using the CPI candlestick pattern indicator as an example.
Step-by-step instruction:
1. For MT4 forex indicators most often come in archives, you need to unpack the archive and get files with the extension ex4 or mq4. Either both files may be present together, that's fine.
2.
Launching the program MetaTrader4... We need to put these files in the directory MQL4 / Indicators... To do this, open the tab in the terminal File-> Open Data Directory.
3. An explorer will open with the main directory of the terminal, go to the above folder and copy the files there from the unzipped file with the indicator. After copying, restart the terminal.
4. If you did everything correctly, after restarting the terminal, the indicator should appear in the MT4 terminal. It can be placed on the chart in 2 ways:
Transfer to the chart from the window " Navigator"after opening the line" Indicators"
By opening the tabs menu Insert-> Indicators-> Custom
Installation is complete, if the indicator is not installed or does not work, you need to check its permission to work. To do this, in the terminal menu, go to the item Service-> Settings... On the " Advisors"set the checkboxes as shown in the picture and restart the terminal.
After you have successfully installed the indicator in MT4, configured all the parameters and hung the indicator on the chart, you can change its parameters. For example, add lines, change colors, bar counting periods and much more. This can be done by right-clicking on the indicator itself and selecting its properties, or by pressing Ctrl + I. Thus, you can remove it from the chart.
Hello everyone, my name is Alexander Norkin. I hope the selected topic for the article will be in demand and relevant, and if you are a beginner, then all the more read to the end, because very soon, in the "Indicators" section, interesting developments will appear that will need to be installed independently.
Looking ahead, I can reassure people for whom the computer, as they say, is only for playing solitaire. Installing and adding the indicator to the trading platform is done in 3 steps:
- downloaded;
- installed;
- activated for work.
It's very simple, but let's start in order.
How to install an indicator in MetaTrader 4
I would like to ask experienced programmers right away, since I know that people like that read my site.
I myself am not a programmer and do not fully understand all the tricks, but I, like many other users, have a question: "Is it possible to create a virus in MQL?"
The question is not devoid of common sense, because we work with real money, so why don't hackers take advantage of the current situation and put a virus disguised as a promising development into a free access, with further consequences?
From myself, I can add, I downloaded a huge number of scripts, and advisors, and indicators, but I downloaded them in the right places, it’s just that a virus cannot be really inserted into these files, but the fact remains, no viruses were found.
Let's figure out where you can download the indicator for the MetaTrader 4 platform? Almost everywhere, anywhere. Moreover, there are specialized sites on which people are professionally engaged in programming (for example, www.mql5.com), so in addition, every day there are personal sites for developers of programs for trading platforms.
Therefore, if you have a desire to work with an indicator that is not included in the MetaTrader 4 list, then there are two options:
- find an indicator on the Internet and download it;
- or, order the development of your technical specification from a professional.
MT4 Archive File Extensions
Suppose you have ordered the development of an indicator of interest from a professional programmer. In this case, there is nothing to think about, at the moment of transferring files, the programmer will independently tell you what and where to install. But what if you had to download the indicator from the Internet?
Usually, an indicator created by someone and uploaded for free access is packed into an archive (.rar, .zip, etc.). Responsible programmers, along with the indicator files, often add instructions for installing in MT4, setting up and, of course, their coordinates.
Files with an indicator have the extension:
- .ex4;
- .mq4.
Rarely, but still, there are developments in which, in addition to the indicator itself, a library is used. In this case, the archive will contain a file with the extension:
- .dll.
In addition to the extensions described above, for many advisors, as well as indicators, the developers add a file with the extension:
- .set.
I want to give you a very brief answer on what each file is used for.
Files with extension .ex4
The file with the .ex4 extension contains the algorithm of the used indicator.
Very often you can see how exactly such compiled indicators are spread. If the developer, for some reason, does not want to share the source code of his creation with those around him, then he throws the file of the indicator itself into open access, without the possibility of editing.
Files with the .mq4 extension
If you see such an extension, then the author nobly permits not only to use his development, but also to edit the code, provided that you know the programming language. Then the compilation is performed and the output is the above-described indicator with the .ex4 extension.
Files with extension .dll
The library contains the main functionality of the indicator / advisor, and the .ex4 file uses these functions and displays the execution results in the terminal.
In other words, the code contained in the .ex4 file in simple indicators is transferred to the .dll library in more complex ones.
Why is this done? The fact is that the MQL4 language in which indicators and advisors are written, although good, cannot compare with a full-fledged programming language like C ++, Java or .NET. Therefore, if you need to implement some more complex algorithm, it is much more convenient to use a full-fledged programming language, and then connect it to MetaTrader 4 as a library.
Files with extension .set
In files with the .set extension, the saved input parameters of the indicator are stored, which will be described below in the text.
Copying indicator files for MT4
Fine! We figured out the files and what they are responsible for, it remains to understand how to add the indicator to the custom list and activate it.
The easiest way to find the folder with the files of the trading platform is to click on the "File" button in the upper menu of the platform and select "Open data directory".
In the window that opens, select the MQL4 folder, and then pay attention. Before us is a list with different folders, each of which stores its own files. Since we are installing the indicator, our folder is "Indicators", but do not forget about the library file (if any), it must be added to the "Libraries" folder.
Using the example of adding the "Scalper Dream" indicator, I want to demonstrate this most complicated procedure for installing an indicator in the MT4 platform.
After you have opened the folder with indicators, unzip the files with the previously downloaded indicator into a separate folder (for example, on the desktop). Look at what files are stored in the archive and copy each one to its own folder.
In my case, the developer provided the file "Scalper Dream_build600.ex4", which means that I need to copy it to the "Indicators" folder and, unfortunately, I will not be able to edit or view the code.
If there were no other files in the archive, then this completes the indicator installation procedure. It remains to restart the platform and use the added indicator.
Important!! After installing the indicator in MetaTrader 4, either restart the terminal, or right-click in the Navigator window and select the Refresh command. After that, the installed indicator will be added to the list of existing ones and will be ready for operation.
How to install an indicator in MetaTrader 4 through the "Market / Market" tab
The MetaTrader trading platform is evolving. With each new version, the developers offer more and more new improvements. In all modern MT4 builds, there is a “Market” tab located in the “Terminal” window. Through this tab, without additional manipulations, you can install the indicator of interest. True, there is one BUT, the indicator must be present in this tab, and it gets there through the programmers website www.mql5.com, where you need to register and provide your product for adding. Admins check the development for errors, after which they decide to add or not.
If everything is fine and the indicator is added, we, the users, just need to either find it in the main window, or use the search function.
How it works? For example, you have found the required indicator in a huge list. Click on it with the left mouse button, and then go to the indicator window, where we can familiarize ourselves with its description, characteristics, screenshots and other information. There is a Download button under the indicator name. Click and wait for the download.
After the indicator has finished loading, restart the platform, find the installed indicator in the list of indicators in the "Navigator" window and activate it.
This method is much simpler. In this case, adding the indicator to the MT4 platform will happen in a matter of minutes, and most importantly, the indicator will be installed where it is needed. But, as you understand, in this case you need to know the name of the indicator, otherwise, you can spend a huge amount of time searching the catalog.
How to run an installed indicator in MT4
After restarting the platform, select the trading instrument of interest and click on "Insert" → "Indicators" → "Custom" → select your newly added indicator, or activate the "Navigator" window by selecting "View" → "Navigator" or by pressing the key combination "Ctrl" + "N" and in the list of indicators, find the one you are interested in.
In fact, the indicator was added to the chart, but almost always, after these actions, the indicator settings window appears.
Example of indicator settings for MT4
By activating the indicator, as described above, a tabbed settings window appears:
- About the program.
- Are common.
- Input parameters.
- Colors.
- Levels.
- Display.
I will briefly dwell on each tab.
About tab
Title page of any indicator. On this page, we can see the indicator name, development version and programmer's contact information (if they are specified in the code).
General tab
This tab prompts you to choose:
- Allow DLL imports;
- Allow import of external experts;
- Allow modification of signal settings.
Input parameters tab
For each indicator, the developer creates his own input parameters. Here you can list the various values used in the calculation of the indicator, enable or disable one or another feature (for example, should I use Alert?), Edit the line colors used in the Chart window, and much more that can help to correctly configure the indicator.
In addition, using the "Load" button, you can set the previously saved settings, which are saved in a file with the .set extension.
Colors tab
In this tab, the colors of the indicator lines used in the additional Chart window are configured.
Levels tab
For the additional Chart window, we can add a different number of levels to use if required.
Display tab
And the last is the display of the indicator on different timeframes. You can select only those timeframes where we want to see our indicator, on disabled ones, the indicator will not be displayed.
In this section, the settings of the Scalper Dream and RSI indicators were considered, which means that the settings of your indicator may be completely different. I wanted to show the principle of settings, then you can think of it yourself.
Again, for each indicator, the developer creates his own settings. With some delays, but experienced traders will be able to figure out the available settings, but it is better not to bother with this, but immediately contact the developer and ask him to tell what and how it is configured.
Let me summarize
And so, we have analyzed in detail the complete procedure for installing indicators in the MetaTrader 4 platform. Now you know what extensions they come with and what each downloaded indicator file is responsible for. Considered in which folders and which files you want to install.
The only thing left is to find or order the indicator of interest and start using it.
By the way, I have a friend who is developing advisors, indicators and scripts. I am trying to persuade him to maintain a column dedicated to MQL programming, but so far all is in vain. If anyone needs it, write to Feedback, I will try to connect you (I will not upload contacts to the public).
That's all. I hope the article will be useful for you and answer many of your questions. If everything is clear, go to the "Indicators" section, choose the one you like, install and use it. Until new articles and good luck in trading.
Indicators are of great importance in trading. Technical analysis is impossible without them. Therefore, in order to correctly conduct your trade, to make a stable profit, you must apply them. Let's talk about how to add indicators to Olymp Trade.
Available indicators
Olymp Trade provides its clients with a wide range of indicators. You can familiarize yourself with it by going to the "Technical Analysis" section.
To view the available indicators, click on the “Indicators” button as shown in the figure.
But this is not the whole list of available indicators. These are just the ones that are added to favorites by default. The entire list can be found through the button "Indicators form".
After clicking on this button, you will see the following dialog box:
As you can see, there are a lot of indicators. They are divided into subgroups:
Trends
Oscillators
Settings
Bill Williams
How to add an indicator
Going through these sections, you can choose one or another indicator. It is very easy to add an instrument, to do this, click on the checkbox next to the name of the indicator you need. You can also click on the star to the left of the name to place the indicator in the favorites list.
You should also know how to add the Olymp Trade indicators available outside the "Technical Analysis" section.
Go to the trading terminal, click on the "Indicators" button and click on the instrument you need. It will appear on the terminal.
conclusions
The procedure for adding and using indicators is extremely simple. Now you know in detail how to add Olymp Trade indicators to the trading platform. Use these tools wisely in your strategies.
Many novice traders face serious problems while installing various tools in MetaTrader 4 to assess the current market situation. Therefore, we will talk about how to install an indicator in MT4 and we will analyze this process in detail.
A set of tools for market analysis is initially integrated into the MetaTrader 4 trading platform. Today, on the Internet, you can find a huge number of tools that are more effective than those pre-installed on the platform.
In order to use indicators that are not included in the standard package of the trading platform, they must first be installed in MT4.
Finding on the Web is easy. Traders on thematic sites and forums are offered both paid and free tools.
The process of installing indicators in MT4
Before as install indicator in MT4, you must first download it. After you download a suitable tool, you need to launch the trading platform and open its root folder: "File" - "Open data directory" (see the illustration):
After completing the above action, the MT4 data directory will open in front of you. Then you should open a folder called "MQL4".
Then you need to open the "Indicators" folder and copy the indicator file into it.
At the final stage, you need to restart your trading platform.
How to run an installed indicator in MT4
There are two methods for activating installed indicators. First, you need to launch MT4, select a suitable currency pair and time interval.
To activate the instrument, you need to transfer it from the "Navigator" window to the price chart, as shown in the next picture.
And here are reviews of two interesting indicator strategies:
You can also run the installed tool by visiting the "Insert" - "Indicators" - "Custom" directory. The indicator activation using this method is shown in the following picture.
After installing the tool, you will be able to see a window with its settings, in which you can make changes if necessary. After completing the process of setting up the algorithm, you must click on the "Ok" button and it will start functioning.
Now you know how to install the indicator in the MT4 terminal in a few seconds, find it in the list of instruments and transfer it to the required price chart.
Somehow, many questions began to arise about how to install indicators in MetaTrader 4, as well as strategies for trading on financial markets. And, since I post on this blog regularly, the value of such an article will be justified for my readers.
It will be especially useful for novice traders. Moreover, in binary options and the terminal is needed no less than in Forex.
So let's figure it out how to install indicators and trading strategies in the MT4 terminal. Download MT4 terminal for free, you can from the article ...
Installing the MT4 terminal, strategies and indicators
First, at the request of readers, detailed instructions on how to install the MT4 terminal on a computer.
I only work with one Forex broker - Forex4you. For all 6 years of work, I have never had any problems, no questions, neither to the broker itself, nor to the terminal. If interested, read about him
And, you yourself understand that I recommend, to test strategies and indicators, use the terminal of the Forex4you broker. Moreover, it is completely free, since there is a demo account that you can use for an unlimited time.
How to install the MT4 trading terminal
So, you can download the MT4 terminal at this link ... It's also free and without viruses, if that. Next, unzip and run the downloaded file like any regular program. If the antivirus program swears, then throw it out, this antivirus program! -)
But, if in doubt, you can download MT4 from the official website at any time, the link is in the article that I gave above ...
If you have a good antivirus program, you will see a window like this:
- Be sure to check the box confirming that you have read and agree to the terms;
- For the first time, just click the "Next" button, the terminal will be installed in a couple of seconds, you just have to click the "Finish" button;
- Or go to the settings and manually select the terminal installation folder. So you can install two MT4 terminals of one broker... And do not forget to uncheck the box so that after installing the terminal the MQL5 website does not automatically open for you. Further, as in point 2.
After that, MetaTrader will scan all available servers and show their speed. But, we don't need all the servers, so select EGlobal-Demo and click the "Next" button, as shown in the screenshot:
Please note that the "New demo account" field is checked and click "Next" again. A picture will appear where you can fill in the data arbitrarily, since this does not make any sense at all in a demo account. For example, as I did:
The only thing that you should pay attention to is that your country code is! For Russia it is +7. Click next, the terminal scans the server again and, if everything is in order, you see this:
We will not consider how to use the terminal within the framework of this article. There are separate manuals for this ...
We, directly at this time, are only interested in one question - how to install indicators and strategies MT4 terminal, is not it?
How to install strategies and indicators in MT4
So, if you have already tried to download, or strategies that are published in the section, then you have a general idea of how to install them in the terminal.
If not, you can go right now and download any strategy that you like best. Unzip and you will see two folders:
- Indicators;
- Sample.
I think it's clear that the indicators folder contains technical indicators that are part of the strategy?
A template is a file that saves and automatically calls in the terminal indicators and settings (including the colors of the font, background, candles, etc.), which were written down by the one who developed this strategy.
Immediately I will draw your attention to the fact that everything is not always so neatly arranged in daddies, therefore, when everything is piled up (indicators with a template together), then you can distinguish a template from indicators by extension.
note that indicators for MT4 always have, after the name, the extension.ex4 or have no extension at all. I will not explain now why this is so, it is, in principle, unimportant.
But in the "Type" section you will always see that these are MQL4 files, look at the screen:
And the template file always has the extension .tpl, and the Type - File "TPL". I will not show it, if you look, you will see for yourself. And now we come to the most important thing!
As they say - it takes a long time to write, quickly to be done. This is definitely about us!
In order to install strategies and indicators in MT4 you need to do the following:
- Copy a template from a folder with strategies;
- Go to the "File" menu in your terminal;
- There, open a folder called "Data Catalog";
- Paste the copied template into a folder called templates;
- Copy all indicators from the strategy folder;
- Then go to MQL4;
- Paste the copied indicators into a folder named Indicators;
- Restart the terminal;
- Right-click on your chart and select the one you just inserted into the templates folder from the list of templates. Well, or another, whatever you need ...
Sounds complicated? In fact, it's all simple, let's look at the screenshots:
(Screens are enlarged when pressed)
Now copy the indicators and paste them into the Indicators folder. You will see it yourself.
Everything is ready, the strategy is installed in the MT4 terminal! Now you can close all folders, restart the terminal, open the chart you are interested in, right-click on it and select the strategy template you are interested in, for example:
