Metatrader Expert Advisor Setup

Step 1: You will recieve a .ex4 file by email when you purchase the software. You need to navigate to the installation folder of Metatrader that you are running on your computer. Usually it is in the PROGRAM files directory. Once you have found this folder open up the EXPERTS folder. Simply drag the .ex4 file into this folder.

 

 
 

Step 2: Once you have copied the .ex4 file into the EXPERTS folder start Metatrader and go to the TOOLS tab and select OPTIONS.

 

 
 

Step 3: In the OPTIONS tab click over to EXPERT ADVISORS and make sure that the following boxes are checked on your metatrader platform:

 

 
 

Step 4: Once you have updated your options to allow live trading you must open a DAILY chart for each currency pair. It is very important that you select the Daily chart and let the data load before you run the EA. Once you see the daily chart you can click and drag the Trade Machine expert Advisor icon onto the chart.

 

 
 

Step 5: Once you have dragged the Trade Machine icon onto the Daily chart you will need to enter your account starting balance and risk tolerance. Click over to the Inputs tab and then enter your account balance in dollars only. If you have $1,000.23 in your account you would enter 1000 with no commas into the balance field. Then you must select risk tolerance. For this level you would simply enter a percentage in the risk box. To risk 1 percent, enter a “1″.

 

 
 

Step 6: Now you are ready to let your Trade Machine run live. Check your chart to make sure the Expert Advisors button on the top middle of the screen is pushed in and has a small green icon to the left. Then check the upper right hand of the chart to make sure that it is a Daily chart and there is a small smiley face to the right of your Trade Machine EA. That’s it!

 






One Response to “Metatrader Expert Advisor Setup”

  1. [...] Advisors, you will want to download Metatrader 4 Trading Terminal for free and read our article on How To Set Up Expert Advisors.   [...]

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