Installing a forex robot (EA) to the Metatrader 4 platform is a very simple process that only should take 5 minutes of your time.
Follow the 2 steps below to install and run forex robots on MT4 without making any mistakes.
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Let’s get started…
Step 1: Copy the Expert Advisor File to MT4
Open the MT4 trading platform and and click on “File” found on the top menu. Next, click on “Open Data Folder” to proceed.
Double click on “MQL4” to open the folder.
Finally double click on “Experts” to get access to the experts folder.
Copy the expert advisor (forex robot) in this folder.
Close and restart MT4.
Step 2: Add the Expert Advisor onto the MT4 chart
Open a new trading chart and drag the desired expert advisor to the chart.
You”ll find all expert advisors in the Navigator – Expert Advisors MT4 window.
Enable “Allow live trading” and make sure you allow “Long & Short” positions and “Allow DLL imports”.
Finally, enable the AutoTrading button.
Now, you should see a smiley face in the upper right corner of the trading chart.
It simply means the robot was installed succesfully!
Congratulations, your forex robot is now up and running!
Tip: EA settings can be modified directly from the Inputs menu.
Access the menu as follows: right mouse click in the chart > Expert Advisors > Properties
Here’s an example of how an expert advisor inputs menu typically looks like:
Modify the different values and press ok to save the new configuration.