HOW TO INSTALL
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Step By Step instructions:
Metatrader 4 build 600 changes
As most of you know, metaquotes has update Metarader 4 to build 600. Build 600 brings about massive changes from the previous stable version of build 509. For example, trade execution time has been reduced because MT4 terminal does not have to establish a second connection with the broker’s MT4 server in order to send trade orders.
Read about all the changes and new features of build 600 here.
- With such improvements there has to be changes within the internal directories of MT4.
- Your indicators will no longer install the way you used to
- This guide will show you exactly how to install them in the new build 600++
3 steps to install your custom indicators into MT4 build 600
Step 1 – Go to file –> Open Data Folder (note you must follow this step, this is not the same as going to C:\program files\MT4 terminal. You will see in step 2 that the directory is stored in C:\users\your name\appdata\roaming\Metaquotes\Terminal…)
Step 2 – Double click on MQL4 –> double click on Indicators
Step 3 – Paste the .ex4 file into the indicators folder
That’s it! Restart your MT4 terminal and you will see your custom indicator appear!
Expert advisor can be in 2 format (extensions):
MQ4 or EX4. (MQ4 – source code, EX4 – compiled version of the code)
1 - Copy expert advisor into “Experts” folder
Copy ex4 (or MQ4) file into your C:\Program Files\MetaTrader 4\experts\indicators folder.
( For example : if your broker Alpari – C:\Program Files\Alpari NZ\experts\indicators folder)
2 – Restart your MetaTrader
Assuming it’s currently open Ignore this if the application hasn’t been launched.
3 – Locate this EA
On the left hand side, look for the “Navigator” window. Look into the “Expert advisors” directory. Now you can see this EA (colored icon if it mq4 file. Grey icon if you have an ex4 file. (The same grey color may mean that the errors in a source code appeared)
4. Attach EA to MT chart
The easiest way to do it – Drag-and-Drop .
For this purpose it is necessary to select metatrader expert advisor, press the left mouse button and drag it on the required chart, then release the button.
Another way – press the right mouse button for context menu, then choose from the menu Attach to and chart .
Allowing live trading. If you made the steps mentioned above correctly, you should see the window of EA settings, where you should let the EA trade.
Do not forget about the button Expert Advisors , which is located on one of standard tool bars of the terminal. The button must be pressed.
NOTE: The name of forex EA and smiling face must appear in the right overhead corner of the chart
DONE!
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Now we can look over or change parameters of Expert Advisor. Pressing F7 , or from context menu of active chart
The changed parameters can be saved by pressing the button “Save” . The button “Load” serves for the load of the values, which were stored before. A file with the expert advisor parameters has extension set and this file is kept in the directory experts\presets of your Mt4. The button Reset restores the values of parameters on those which are prescribed in an EA itself.
All important information about EA (for example Errors log) you can find in Experts tab:
Now, if you have version MT 4 600 or higher , then you have to do all these copying. For lower version you need to copy indicators like usual.
Here is the displayed version of MT 4:
Then look at YOUR BROKER'S folder the subfolder MQL4 ( only for those who have MT 4 version 600 and above ).
Now, you can see subfolders like "Experts", "Indicators" and "Scripts".
All old MT 4 indicators have to be copied to "Indicators" subfolder.
And all old MT 4 EA indicators have to be copied to "Experts" subfolder.
Here is the link for image:
SOLUTION for MT4 new build 600 update, Experts and Indicators not showing