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How to install Forex Expert Advisor in MetaTrader Guide

Author BuzzInForex

Some traders struggle to install expert advisors in MetaTrader trading platform, this article / guide explains how to handle Expert Advisors. This guide is easy to follow, just install Expert Advisor on your MetaTrader platform in minutes and start using your expert advisor with currencies right now! Please take a look at the steps below.

1. This installation guide is in English language. If your MetaTrader platform is not in English language, you can set it to English like shown below in screenshot.

forex expert advisor

2. First you need to install Meta Trader platform then run it. After you finish the installation, please check Expert Advisors button which can be found on the right side of your toolbar. If this button is green, then just press on it with a single mouse click and it will become red.

forex expert advisor

Disabled Expert Advisor

forex expert advisor

Enabled Expert Advisor

Green expert advisor button - Expert Advisor is working
Red expert advisor button - Expert Advisor is not working.

3. Before we are going to create new Expert Advisor, please click Tools on Meta Trader and then select options.

forex expert advisor

4. When a new window shows up, please select the checkboxes as shown below in the screenshot. Then click OK button.

forex expert advisor

5. Please open the MetaQuotes Language Editor by selecting from Meta Trader "Tools" option and then click on "MetaQuotes Language Editor". Also there is a shortcut, just click F4 button on your keyboard.

forex expert advisor

6. Then click "File" and select "New", or just by pressing on your keyboard CTRL + N buttons together.

forex expert advisor

7. A new window appears on a screen. Please choose Expert Advisor and click Next.

forex expert advisor

8. A new window shows up on your screen, please fill the details. Name field is for a name of expert advisor. In the author field you can type author name. Link field – authors links. After filling the form click Finish.

forex expert advisor

9. You can notice now that a new tab (window) was created for expert advisor.

forex expert advisor

10. You need to delete now everything from the new tab (window). Please select all the text by pressing CTRL + A on your keyboard, then right mouse click. You should see "Cut" command from a menu option. Click it.

forex expert advisor

11. After clicking "Cut" command, you should see a blank and white window. Scroll bar shouldn't be active anymore. Now you can copy your expert advisor.

forex expert advisor

12. Then go back to Meta Editor and right mouse click and select Paste option.

forex expert advisor

13. In order to use this expert advisor, we need to compile it. To do it, please click File and then Compile or just by using shortcut key – press on keyboard a button F5.

forex expert advisor

14. After clicking Compile button you should notice at the bottom this message: 0 error(s), 0 warning(s) – it tells you that everything is OK and you can move on to the next step.

forex expert advisor

15. When the expert advisor is compiled and ready – please click Tools and then choose Trading Terminal or just use a shortcut key – F4 (You can also close the Meta Editor program just by clicking on menu - File and then Exit).

forex expert advisor

16. At Meta Trader, click "View", then select Navigator or by using shortcut keys – CTRL + N.

forex expert advisor

17. On the left side Meta Trader's trading platform there is a list of Expert Advisors, please select your expert advisor (name can be different, depends what you named), or just left mouse click and drag and drop to any chart. Your can also double click on Expert Advisor instead of drag and drop.

forex expert advisor

18. Please check the check boxes according to the screenshot below. Once you are done, please click OK button.

forex expert advisor

19. You need to enable Expert Advisors, please click on the button in order to make a green button. This was explained in first steps.

forex expert advisor

20. You can simply check if your Forex Expert Advisor is running. Just take a look at chart's right corner, you should see a face with a smile and a name of Forex Expert Advisor.

2012-07-07 11:41:09
Comments
fxgame 18:53 / Aug 25 d.
I appreciate your clean and neat description with well layout charts showing the various procedures. It is definitely a traders delight coming on a MT4 broker, being able to use it is even more exciting. There are tons of MT4 broker out there and the number keeps surging, having a firm knowdlege of the trading platform is sure an added plus.
Answer
EA_spider 15:03 / Sep 03 d.
Your description on how to install forex expert advisor on a MT4 platform is as simple as can be. I don’t think after reading this article, anyone would be left in doubt about how to clean install a forex expert advisor on a MT4 platform.

The main doubt should be on the potency of the forex EA you’re adding to the MT4 platform. lol!! Seriously, this you should be more worried about.

Gatta go peeps!!
Answer
Collins 03:16 / Sep 09 d.
Expert Advisors = Forex Robot (same meaning and can be used interchangeably, I thought I should clarify this for the sake of others).
Answer
Dennis 01:46 / Sep 12 d.
Expert Advisors = Forex Robot (same meaning and can be used interchangeably, I thought I should clarify this for the sake of others).


@ collins: Of course Expert Advisors is the same thing as Forex robots, it all depends on the forex commentator and the ease of use. As a matter fact, the subject of Forex Expert Advisor is a very important one, especially to investors who wish to automate their trades.

Adding an expert advisor to your MT4 platform, gives you the capabilities of testing your custom made EAs. This good for anyone who wishes to tryout automation of trades.
Answer
Dankra 00:33 / Sep 15 d.
Good article, but you forgot to mention that external EAs should be installed in the C://Program Files-->MT4 Client-->Experts--> Indicators folder with the platform shut down, otherwise it will not be seen in the EA folder on the left side of the platform. Not everyone will have knowledge of how to code their own robots with MQL.
Answer
DonaldbEt 02:14 / Dec 07 d.
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Answer
verification (retype the code into text box)
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