How do I install and enable an Expert Advisor on Vantage MT4(MetaTrader 4)/MT5(MetaTrader5)?
You can install an Expert Advisor (EA) on the Vantage MetaTrader 4 (MT4) or MetaTrader 5 (MT5) desktop platform, attach it to a chart and enable automated trading. An Expert Advisor is a program that follows predefined instructions to manage or execute trades. Its use remains subject to your account’s trading conditions.
What do I need before installing an Expert Advisor?
- Desktop platform: MT4(MetaTrader 4) or MT5(MetaTrader5) installed on your computer. Expert Advisors cannot run directly on the mobile applications.
- Compatible file: An Expert Advisor file compatible with your platform, typically
.ex4for MT4 or.ex5for MT5. - Trading account: An account permitted to use the relevant automated trading strategy.
- Active connection: The platform must remain running and connected to the trading server while the Expert Advisor operates.
How do I install an Expert Advisor?
- Open MT4(MetaTrader 4) or MT5(MetaTrader5).
- Select File → Open Data Folder.
- Open MQL4 → Experts for MT4 or MQL5 → Experts for MT5.
- Copy the compatible Expert Advisor file into the Experts folder.
- Return to your trading platform.
- In Navigator → Expert Advisors, right-click and select Refresh, or restart the platform.
After refreshing the Navigator panel, the installed Expert Advisor should appear under Expert Advisors. You can then select it and attach it to the relevant trading chart.
How do I enable automated trading?
- Go to Tools → Options → Expert Advisors.
- Enable Allow automated trading, where applicable.
- If required, enable Allow WebRequest for listed URL and add the relevant URL.
- Select OK.
- Confirm that automated trading is enabled on the platform.
Only enable external website access when required by your Expert Advisor and when you understand the purpose of the connection.
How do I attach an Expert Advisor to a chart?
- Locate the Expert Advisor under Navigator → Expert Advisors.
- Drag it onto the relevant instrument's chart.
- Review the trading permissions and settings in the Expert Advisor window.
- Adjust the applicable parameters under the Inputs tab.
- Select OK.
The Expert Advisor will be attached to the selected chart. Its ability to place trades depends on the applicable permissions, connection status, and programmed conditions.