What is the best way to install Expert Advisor on Mt4 automated Forex trading?
MT4 can be installed on a PC and is a trading platform that allows individual Forex traders to trade. Anybody can download and install the Forex trading software on their PC after opening a Forex trading account. To begin trading, configure and set up the broker’s server. Log in to your account. This trading platform has a number of key features, including the ability to program, do charts, save historical data, and make trades, go here!
MQL4 is the core language. It is similar to C. The language has a program structure with variables, operators, conditional checking, technical indicators, calling, date and time functions, math operations, etc. The trading platform’s editor allows you to edit all files that end in MQL. They are also known as expert advisors and run on the MT4 trading platform.
You must first code and compile your trading strategy in MQL programming codes. You can also purchase code from third parties and run it on your account. After you log in to your Forex account, select the timeframe and the currency chart that suits your needs.
You must first copy the MQL (Expert Advisor file) to your “MT4 Program Folder Experts”. Run MT4 to compile the advisor. It will then appear under “navigator window” in the directory “expert advisor”. Select the expert advisor you want and then move to your chart. Click and drag. The name of your expert advisor will be displayed in the upper right corner of your chart. Look for the smiling face to your right. You have not enabled EA Trading if you see a crossed symbol.
Enable Expert Advisor
MT4 has an option that allows you to turn off or on expert advisors trading in the middle top panel. To disable or enable, click. It may be necessary to enter some parameters in the “options” menu at “tool” and then go to the “Expert Advisor” button. There will be a number of boxes to tick. You can tick more boxes, such as “Enable Expect advisor”, “Allow Live Trading”, “Allow DLL Imports”, and “Allow External Experts imports”. Leave the boxes empty under “Disable Experts when Account Changed”, “Disable Experts when Profile Change”, “Ask Manual Confirmation” and “Confirm DLL Function Calls”. You should now see a smiley face in the upper right corner of the currency chart. Load as many EAs you like. I recommend a maximum of 8.