How to Set a Custom Indicator
How Can You Setup a XAUUSD Custom Indicator to Your MT4 Software
- Download the MetaTrader 4 custom technical indicator.
- Locate the Custom technical indicator and copy this MetaTrader 4 custom technical indicator file.
- Open the data folder in MT4 Software Platform.
- Open MQL4 file in the MetaTrader 4 Platform Software.
- Locate the Navigator Window.
- On the navigator panel, find the Custom Indicators option.
- Open your Custom technical indicator by doubleclick the technical indicator.
- The Custom Indicator Properties window will appear.
- The Custom Indicator Will now be added to your MetaTrader 4 software.
How to install custom indicators on MT4 Platform
Trading Add Custom Indicators to MetaTrader 4 Software Platform
MT4 Platform Meta-Editor Guide: Adding Custom Indicators
The Meta-Editor language Editor is a coding environment on the MT4 software that the traders can use to add new Custom Indicators, Scripts, Libraries and Include Files which are used in programming and coding. MT4 software Meta-Editor is commonly and often used by Gold traders who use Automated Expert Advisors(EAs) to place trade positions. This learn MetaTrader 4 lesson we shall look at how to add a custom technical indicator in MT4 software using the Meta-Editor, to learn how to add a new EA you cango to: Adding a new MetaTrader 4 Automated EA(Expert Advisor) MetaTrader 4 Platform Software Guide.
The MetaTrader 4 online platform Meta-Editor environment is shown & displayed below.
How Do I Add a Custom Indicator to MetaTrader 4? - Adding Custom Indicators
MetaEditor Menu
How Can You Setup a XAUUSD Custom Indicator to Your MetaTrader 4 Software
On MT4 software, after adding an Indicator a gold trader will need to compile this newly added tool so that it can now be recognized by the MetaTrader 4 Platform Software & start to appear on MT4 software Navigator Panel.
Adding a New Custom Indicator on MT4 Platform Software
After you've opened the MetaQuotes Language Meta-Editor on your MetaTrader 4 software like shown above (keyboard Short Cut Key - Press F4 Key), you then can adhere to these steps below:
Step 1: Go To File Menu, Then Select & Choose "New"
How Do I Add a Custom Indicator? - Adding Custom Indicators in the MetaTrader 4 Platform
Step2: On the Popup window that pops up on your screen select "Custom Indicator" & then click next.
Adding Custom Indicators on the MetaTrader 4 Online Trade Platform
Step3: Select/Choose & Enter a Name as Shown and Illustrated Below & then Press Next
Making Custom Indicator on MetaTrader 4 Platform Software
Step4: Specify if it is to appear and show on a separate panel window or not, Then Click on Finish
Making Custom MT4 Indicator
For an MT4 custom technical indicator that's a xauusd trading price overlay - don't check this box, & for an oscillator like the RSI or Stochastics Oscillator - check the above option.
Following Program will pop up on MT4 trade platform MetaEditor Window
Adding Custom Indicator in MetaTrader 4 Platform
To program a customized MetaTrader 4 trading indicator it requires that you're a programmer who knows the C + + Object Oriented Programming Language, which is the programming/coding language which the MQL4 programming language uses in the programming/coding of the MetaTrader 4 software. Or you as a trader can find the community of MQ4 Programmers & they can program the custom technical indicator for you.
Step 4: Compile
Do not forget to compile, for MetaTrader 4 custom technical indicator to be recognized by the MT4 trading software: a gold trader must compile the program code, then close & restart the MetaTrader 4 software, just like when you restart your Desktop computer - you'll re-begin MT4 software so that the new added custom MetaTrader 4 custom technical indicator can begin appearing and be listed on the MT4 Navigator Window Panel.
Compile New Custom Indicator on MT4 Software
If there are no Errors, it will be compiled and added successfully without any error as cited above.
Step5: Restart MT4 online platform & it should now be listed on the MT4 Navigation Menu like as illustrated below and you as a trader can start trading with new added custom technical indicator.
New MT4 Indicator Added to the Software
How to Set a Downloaded Custom Indicator on Trading Software
If you download a indicator from a source on the internet for example on www.tradegoldtrading.com, and it is now on you desktop PC computer - to add it to MT4 software, follow rules below:
Step1: On MT4 Platform Software File Menu of Meta Editor, Select & Choose "Open"
Open Downloaded Trading Indicator Using MetaEditor
Step2: Locate Download Folder from the Popup panel which pops up just as illustrated below.
Add Custom Indicators to MT4 Platform Software?
Step3: Once you as a trader open the downloaded custom technical indicator it will be displayed and illustrated on Meta-Editor Work Space - you as a trader can then follow the above procedure for compiling the downloaded MT4 indicator, once it's compiled without errors, restart your MetaTrader 4 software & it'll now be added on the trading platform navigator menu & you as a trader can begin to trade with it on your MT4 Software Platform.
Get More Topics & Tutorials:
- How Do I Trade a Gold Pull Back?
- XAU/USD Market Hours
- Learn XAU USD Analysis for Beginners
- Pending Limit XAU/USD Orders & Pending Stop Order
- What are Types of Orders in Gold Trading?
- What is the Main Difference Between MetaTrader 4 XAUUSD Platform/Software & MetaTrader 5?
- Price Action in Gold Example Described
