How Do I Activate a Indices Expert Advisor on MetaTrader 5?
How to Activate an Expert Advisor on MetaTrader 4 and MetaTrader 5 Indices Trading Platform
Steps on How to Activate Stock Indexes Expert Advisor on MetaTrader 4 and MetaTrader 5 Indices Trading Platforms.
- Select the Tools Menu
- Select The Expert Advisors Tab
- Click the Check Box "Enable Expert Advisors"
- Click the Check Box "Allow Live Trading"
Procedure on how to activate an MetaTrader 4 and MetaTrader 5 Expert Advisor
Options Settings on Tools Menu in MT4 and MT5 Indices Trading Platform
The options settings button is used for a variety of many different tasks on the MT4 and MT5 indices trading platforms. The options settings button is listed within the tools menu in the MetaTrader 4 and MetaTrader 5 as shown below. The Shortcut keys for this - "Ctrl+O".
MT4 and MT5 Options Settings - Expert Advisors Automated Indices Trading Setup
MT4 and MT5 Options Settings
These settings on the MT4 and MT5 are shown below; the list of various buttons are displayed as tabs as displayed on the image below. As a indices trader to edit anything on this window just click on any of these buttons and then change the settings.
Expert Advisors Tab
The Indices Trading Platform Expert Advisors window is shown below:
MetaTrader 4 and MetaTrader 5 Indices Trading Platform - Options Settings for Indices Expert Advisors Automated Trading
The following options are used for Indices Expert Advisors Automated Trading:
Enable Expert Advisors - Allow for expert advisor to be placed on chart for automated trading execution purposes
Disable experts when accounts have been changed - login to a different account deactivates Expert Advisors
Disable Experts when profile has been change - When you change profiles the Expert advisors setting for allowing trading in the new profile is deactivated until you allow and manually place an EA on this newly opened stock indexes trading chart.
Allow Live Trading - Give Permission to the Expert Advisor to open trades on the live stock indexes market.
(Ask Manual Confirmation - no needs for this if you are using Expert Advisors, leave this one as it is shown without checking it.)
Allow DLL imports - Dynamic Link Libraries, which are external, unless required this should be left unchecked. (External means these libraries are referenced from an external source outside your computer, so be careful with this one)
Confirm DLL functions calls - Exercise manual permission for every function call, either allow it or disallow it depending on your trade parameters.
Allow External Experts imports - This is used to allow your Expert Advisor to reference some data from another EA that is in another place, away from your computer, (External means these EA Indices Trading Robots are referenced from an external source outside your computer, so be careful with this option).
MQL5 Indices Expert Advisor Community
The MQL5 community is a community where traders can find other traders and Exchange Expert Advisors and Indices Trading Signals with each other.
Traders have to register to this MQL5 Indices Expert Advisors community and can then access services from their MetaTrader 4 or MetaTrader 5 stock indexes trading platform directly. To get details on how to access and register in this community, login to your MT4 or MT5 software and go to the window shown below and follow the instructions.
MQL5 Indices Expert Advisor Community - MT4 Automated Robots and MT5 Automated Robots\