01
Download
Meta Trader
Trading has become easier since various trading platforms have been invented. Ranging from Web platform to some small, portable one on your smart phone, the most advanced and useful one is the MetaTrader. Every broker on our list has their own MT4/MT5 Platform, and therefore you can simply download it from broker website.
Here is the original link to download Meta Trader 4/5. You need to consider that this version is a 'Raw' version, which does not contain your trading servers.
The Most Functional Trading Platform
02
Install MT4
(MetaTrader)
Here you are about to install your downloaded MT4/MT5 by clicking on "Next". If you wanna have several platforms installed on your computer, you can change the "Installation Path" through the "Setting" option.
The final step is when you click on "Finish" and in a very few seconds, your MT4/MT5 would be launched.
You may have the main page of mql5[dot]com opened right after the installation is over. Well, you won't need this page at the moment. Simply close the tab.
03
Login to your
Trading Account
Once your MT4/MT5 is launched, a windows will be opened indicating several Real/Demo servers to open Real/Demo Account on selected one. Here, you have nothing to do with this tab and just simply close it
Now you are ready to "Log in" to your trading account: Enter your trading account number and your password, select your trading server and press "Login". Remember: The login details (Login/Password/trading Server) shall be provided by the broker you registered in.
Please note that before you come along the Installation Process, you should have already registered in one of brokers listed here.
04
Select & Download
Your Product
Either here or on the main Menu, you can select your EA/Indicator or Script and review its performance. Later, download any desired one and follow coming steps to install them.
Please bare in mind that each type of "Expert Advisor/Indicator/Script" has got its own directory on the Metatrader. Dont get their location wrong!
05
Copy Product to
your Metatrader
On the launched Metatrader, you need to add the Product you have just downloaded, here you go. Open 'File' menu, and select "Open Data Folder" - as it is illustrated in the left hand image.
Next step is where you need to follow the directory:
MQL4 (On MT4) / MQL5 (On MT5)
And afterwards, depends on the type of product you downloaded ( Expert Advisor/Indicator/Script), select the relevant directory, as it is shown on the picture.
06
Select Product
on Navigator tab
There are several tabs on MT4 Platform, one is "Navigator" where you can find and manage your "Expert Advisors", "Indicators" and "Scripts".
Opening any of those mentioned tab, you can see the list of tools. Just refresh the Navigator tab and there you will see the downloaded product, as you can see on the picture.
07
Drag & Drop
on the Chart
Opening the "Expert Advisor", "Indicator" or "Script" tab, you can see the list of tools including the one you added. Move the mouse pointer on them, Drag and Drop them on the Chart. That simple.
Double Clicking on the products does also the same job for you. In following steps, you will learn how to set the parameters up there in your tool.
08
Set
Parameters
Here you can have "Product Copyright" information, link to the website and a short description on the EA. You have nothing to do here, just move on next tab.
On this tab, you can Enable/Disable some functions:
- Selecting to trade on only Long/Short or Both
- Enable Alert: (make sure you have it ticked)
- Allow Live Trading: To trade, you must have it Ticked
- Allow DLL imports: (you dont have to tick it)
-- this function allows some secondary functions which are booked on library file to be used by EA.
The most important part of setting up a product is to input correct and efficient parameters set. On the "Description" tab on the product page related to each tool, there is plenty of information how to get this section done.
09
Start
Trading
On the "Standard Tab" right on top bar side of Metatrader, you need to Enable the EA/Script by clicking on "Auto Trading".
During the time that EA is running, you might receive some Alerts from it, check the carefully and act respectively.
Here you would see the Indicator on the Chart. If in any case you cannot see the indicator, try to change the "Timeframe" few times to let the Indicator read whole date faster and appear on the Chart.
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