Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

How to Install Custom MQL4 indicators in Metatrader

41 sec read

Starting from MT4 Build 600+ onwards Metaquotes has changed metatrader files data structure and so there is a change in Installation of Custom MQL4 indicatorsAdvisors. The change happened majorly because Starting from Windows Vista onwards, Microsoft has introduced a restriction on writing to Program Files directory. And mostly programs are not allowed to store their data in Program Files folder if User Account Control (UAC System) is enabled.

So metaquotes placed all its files, expert advisors, indicators, templates , historical data outside the Program Files folder. Instead the files are placed inside the user data directory stored in a special place called terminal data folder.

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Steps to Install Custom indicator to Metatrader 4 with Build 600+

1)Download the Custom mql4 indicator in your local computer.
2)Right Click over the mql4 indicator and copy it.
3)To Access the Terminal data folder Open Metatrader->Goto File Menu->Click on Open Data Folder

Custom Indicator
4)Open MQL4 Folder
MQL4 Folder
5)Now Open Indicator Folder and Paste your mql4 file
Install mql4 indicator
6)Now close and Open your Metatrader. Under the Navigation Panel-> Custom Indicators folder to see the newly installed Indicator. Now drag and drop the indicator to the chart to start using it.
Screenshot 2014-11-14 06.44.27

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

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7 Replies to “How to Install Custom MQL4 indicators in Metatrader”

  1. It is very educative and useful,pl let me know how to cotact U to learn from U, personally

  2. It is excellent.I want learn from U personally.Pl indicate timimings to meet this weekend for facilitating myself to be a better trader

  3. can u help me how to upload live mt4 charts to my webpage

    i have my own custom indicator

  4. We have Need Metatrader Buy /sell Signal Software For Intraday Trade.You Can provide me real time Data.
    how Can we install it Software.

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