Created
: 2023.03.17
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Install custom indicator
Install custom indicator
To use a third-party Expert Advisor (EA), you must first install it on MetaTrader4 (MT4) / MetaTrader5 (MT5) by saving the EA file to the "Experts" folder of MT4/MT5 and refreshing the EA list.
Here we will look at how to install an Expert Advisor (EA) on MT4/MT5.
Switch between MT4/MT5 tabs to check the steps for each.
Step 1
Click "File" in the menu and select "Open Data Folder".
Step 2
Open the "MQL4" folder.
Step 3
Open the "Experts" folder.
Step 4
Save the Expert Advisor (EA) you wish to install in the "Experts" folder. The file extension of the Expert Advisor (EA) will be either ".ex4" or ".mq4".
MQ4 files need compilation
Files with the "mq4" extension are EA source code files, which need to be compiled into "ex4" files.
Step 5
Right-click on "Expert Advisors" in the Navigator and click "Refresh".
Step 6
Once the EA is installed, you will see its name under "Expert Advisors" in the Navigator. Apply it to the chart by double-clicking or dragging.
Step 7
Set up the EA and click "OK".
Related article: Configure EA/indicator settings
Step 8
The EA will be applied to the chart.
Step 1
Click "File" in the menu and select "Open Data Folder".
Step 2
Open the "MQL5" folder.
Step 3
Open the "Experts" folder.
Step 4
Save the Expert Advisor (EA) you wish to install in the "Experts" folder. The file extension of the Expert Advisor (EA) is ".ex5".
MQ5 files need compilation
Files with the "mq5" extension are EA source code files, which need to be compiled into "ex5" files.
Step 5
Right-click on "Expert Advisors" in the Navigator and click "Refresh".
Step 6
Once the EA is installed, you will see its name under "Expert Advisors" in the Navigator. Apply it to the chart by double-clicking or dragging.
Step 7
Set up the EA and click "OK".
Related article: Configure EA/indicator settings
Step 8
The EA will be applied to the chart.
Last updated
: 2025.11.13
Nakamaru is a manual production consultant at FINTECS, a company that specializes in creating manuals for their clients.
With a wide range of experience from fintech to entertainment, he presents what user-friendly manuals should be like.
He works with numerous large corporations as an external manual production project manager.
【Business information】
http://www.fintecs.co.jp/profile/
Supervisor
Akira Takagi
Systems engineer, MetaTrader administrator
After graduating from Computer Science at the Uninove, Brazil, in 2014, he has worked on various systems development projects.
He participated as a developer in the launch of forex services in 2019. Since then, he has also been involved in the development of MetaTrader plugins and APIs. He is certified by MetaQuotes as a MetaTrader5 Administrator and active in consulting and advisory as well.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
