Secrets of MetaTrader Lesson 3: Installing Indicators

This is lesson 3 in a series of video tutorials dedicated to the MetaTrader 4 forex trading platform. In this series we explore the less commonly known features of the platform, and teach various tricks and tips to make your life as a trader easier.

This particular video discusses the process of installing new indicators by hand into MetaTrader 4, without having to search for the correct installation folder. This is a very handy technique for people who have more than one installation of MetaTrader 4 (ie: with different brokers).

See more FX Instructor videos and articles at http://www.fxinstructor.com.

Category:

Howto & Style

Tags:

• FOREX
• FX
• Currency
• Training
• forex
• 4X
• trading
• traders
• currency
• profits
• forecast
• money
• euro
• dollar
• metatrader
• secret

[batty8100]

how do you open an .ex4 file

[FXInstructor]

Hi Batty, you don't "open" an EX4 file. You shouldn't need to double-click on it ever. All you need to do is put it into your MT4's Experts\Indicators folder. So if you installed MT4 inside C:\Program Files\MetaTrader 4, just dump all your indicator EX4 files into C:\Program Files\MetaTrader 4\Experts\Indicators and restart the platform. Indicators are accessible via Insert -> Indicators -> Custom menu, or from the Navigator's Custom Indicators list.

[sharp24579]

How is it possible to have 4 different installations...?

[FXInstructor]

Because many brokers support MT4 (and their versions of MT4 usually have different names), it doesn't really care if other instances are installed, as long a you install them all in different folders (ie: one for each broker).

[sharp24579]

Thanks for the answer,

Is it possible to upload twice the MT4 software from 2 different brokers in parallel...?

[FXInstructor]

Sorry, not entirely clear about your question:

If you mean installing MT4 from 2 different brokers so you have 2 separate installs, 1 from each broker - that's definitely doable. Just install them normally, making sure they don't overwrite each other (different installation paths).

If you mean installing MT4 TWICE from 2 brokers (as in 2 x 2 = 4 installations total), make sure you pick different paths for each. One problem though is that the shortcut icons would probably get overwritten.

[Gaobdgao]

@ahmad88ist

dude INDICATORS can be installed in any metatrader platform..its the Expert Advisor that you have to worry about...Some brokers don't allow EA but INDICATORS are accepted without a problem..

[ahmad88ist]

can i install the indicator in trading platform fxcm for micro account

[FreeFOREXautoROBOTS]

Nice and useful video,thanks. Free EA works fine for me

[sharp24579]

Thanks again, you understood me right