MetaTrader 4 cheat sheet
The article discusses the most frequently used actions with MetaTrader 4 terminal.
How to install an Expert Advisor in MetaTrader 4?
1. Copy the Expert Advisor .ex4 file to the folder C:\Program Files\MetaTrader 4\experts\ (or the folder where MetaTrader 4 is installed) when the terminal is closed.
2. Launch MetaTrader 4.
Open the Navigator window.
4. open the "+" tab "Advisors" and find in the list of advisors set advisor.
5. Drag the Expert Advisor to the chart of the desired currency pair.
6. In the appearing window of the Expert Advisor settings on the general tab put a tick on the item "Allow the Expert Advisor to trade"and then press OK.
7. Press the "Advisors" button at the top of the terminal - it should turn green. The smiley face of the Expert Advisor in the right corner of the currency pair chart should be smiling.
The Expert Advisor can be tested on the history. To do this by clicking Ctrl+R run the tester, select the Expert Advisor and click Start. If you want to see how the Expert Advisor works, before you do that, check the option "Visualization“.
How to install an indicator in MetaTrader 4?
1. Copy the indicator .mq4 file to the folder C:\Program Files\MetaTrader 4\experts\indicators\ (or the folder in which MetaTrader 4 is installed) when MetaTrader is closed.
2. Launch MetaTrader 4.
Open the Navigator window.
4. open by clicking on the "+" tab "Custom Indicators."and find in the list of indicators the set indicator.
5. Drag the indicator onto the chart of the desired currency pair.
6. The indicator is set.
How to install the script in MetaTrader 4?
1. Copy the .mq4 script file to the folder C:\Program Files\MetaTrader 4\experts\.scripts\ (or the folder in which MetaTrader 4 is installed) when MetaTrader is closed.
2. Launch MetaTrader 4.
Open the Navigator window.
4. Press the "+" button to open the tab "Scripts"and find the installed script in the list of scripts.
5. Drag it onto the chart of the desired currency pair.
6. The script is installed.
How to install the library file in MetaTrader 4?
1. Copy the library .dll file to the folder C:\Program Files\MetaTrader 4\experts\.libraries\ (or the folder in which MetaTrader 4 is installed) when MetaTrader is closed.
2. Launch MetaTrader 4.
3. the library is installed.
Usually library files are attached to some advisors or indicators, if they use large structures or external programs.
How to load an Expert Advisor settings file into MetaTrader 4?
1. Launch MetaTrader 4.
Open the Navigator window.
3. Press the "+" button to open the tab "Advisors"and find the installed Advisor in the list of Advisors.
4. Drag the Expert Advisor to the chart of the desired currency pair.
5. In the window of quotes right-click on the chart and select "Expert Advisors" - "Properties", or just click F7.
6. In the window that opens, select the "Input parameters" tab and click on the "Load" button
7. Select the Expert Advisor settings file .set and click "Open".
8. The settings of the Expert Advisor are loaded.
Of course, when working with MetaTrader 4 terminal other manipulations are also required, but the data is most often needed.