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