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How do I set up an EA?

Pascale avatar
Written by Pascale
Updated over 5 months ago

Direct Installation:

  1. Download the EA from the MQL Community, the official MetaTrader source.

  2. Open MT4 or MT5 (depending on your trading platform).

  3. Click File > Open Data Folder, then navigate to:

    • MQL4/Experts (for MT4)

    • MQL5/Experts (for MT5)

  4. Copy the downloaded EA files into the respective folder.

  5. If the EA includes additional files such as libraries (.dll) or settings (.set), copy them into:

    • MQL4/5 > Libraries (for .dll files)

    • MQL4/5 > Settings (for .set files)

  6. Restart MT4/MT5.

  7. Open Tools > Options > Expert Advisors, then tick:

    • Allow algorithmic trading

    • Allow DLL imports (if required)

    • Allow WebRequest for listed URLs (if applicable)

  8. In the Navigator window, expand Expert Advisors and locate your EA.

  9. Drag the EA onto a chart window and configure its settings. Click OK to activate it.

Alternative EA Installation (Direct from MetaTrader):

  1. Open MT4 or MT5.

  2. Go to the Code Base tab, right-click and select Expert Advisors.

  3. Choose an EA, right-click and select Download.

  4. A pop-up window will ask if you want to apply the EA to an active chart:

    • Click Yes to apply it immediately.

    • Click No to add it to the Navigator window for later use.

  5. If stored in Navigator, drag and drop the EA onto a chart to activate it.

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