To install an Expert Advisor for automated or algorithmic trading, follow these steps:
- Open the MT4 platform Select ‘File’ from the main menu
- Click on ‘Open Data Folder’ to bring up a new folder panel
- Select the ‘MQL4’ folder, followed by the ‘Experts’ file
- Drag and drop your EA file(s) into this folder
- Restart MetaTrader 4 for your changes to take effect
Please consult the EA/Indicator's provider for installation troubleshooting or any issues associated to the EA.
How do I know if my EA is active?
To see if an EA is currently active, the top right corner of the chart you have applied the EA to will display a smiling face icon.
If you do not see the smiling face icon or you see a sad face, check that the AutoTrading function is active. To switch on AutoTrading, click the ‘AutoTrading' button. You will know the function is active when it displays a green ‘play’ icon. Then try to add the EA again.