Trade Stock Indices

Learn Stock Indices Trading for Beginners Tutorials

Indices Trading Add a Custom Indicator to MetaTrader 4

How to Install a Indices Trading Custom Indicator to Your MetaTrader 4 Indices Trading Platform

  1. Download the MetaTrader 4 custom indicator.
  2. Locate the Custom indicator and copy this MetaTrader 4 custom indicator file.
  3. Open the data folder on MetaTrader 4.
  4. Open MQL4 file on MetaTrader 4.
  5. Locate the Navigator Window.
  6. On the navigator window, find the Custom Indicators option.
  7. Open your Custom indicator by double clicking the indicator.
  8. The Custom Indicator Properties window will appear.
  9. The Custom Indicator Will now be added to your MetaTrader 4 platform.

How to install custom indicators on MT4

Indices Trading Add Custom Indicators to Indices Trading MetaTrader 4 Platform?

MT4 Indices Trading Platform MetaEditor Tutorial: Adding Custom Indicators

The MetaEditor language Editor is a programming environment on the MT4 indices trading platform that traders can use to add new Custom Indicators, Scripts, Libraries and Include Files which are used in programming. The MetaTrader 4 platform MetaEditor is commonly used by Indices traders who use Automated Indices Expert Advisors to place trades. This learn MetaTrader 4 tutorial we shall look at how to add a custom indicator on the MetaTrader 4 platform using the MetaEditor, to learn how to add a new Expert Advisor you can navigate to the: Adding a new MetaTrader 4 Indices Trading Expert Advisor MetaTrader 4 Indices Trading Platform Tutorial.

The MT4 online indices trading platform MetaEditor environment is shown below.

Indices Trading Add Custom Indicator to MetaTrader 4? - Index Trading Add Custom Indicator?

Indices Trading Add a Custom Indicator to MetaTrader 4? - Adding Custom Indicators

MetaEditor Menu

MetaEditor Window on MT4 - Stock Index Trading Add Custom Indicator to MetaTrader 4 Chart PDF

How to Install a Indices Trading Custom Indicator to Your MetaTrader 4 Indices Trading Platform

On the MT4 platform, after adding an Indicator a trader will require to compile this newly added item so that it can now be recognized by the MT4 Indices Trading Platform and start to appear on the MetaTrader 4 platform Navigator Window.

Adding a New Custom Indicator on MetaTrader 4

After you have opened the MetaQuotes Language Editor on your MetaTrader 4 platform as shown above (Short Cut Keyboard Key - Press F4), you can then follow the steps below:

Step1: Go To File Menu, Then Select "New"

Indices Trading Add Custom Indicator? - Stock Index Trading Add a Custom Indicator to MetaTrader 4 Chart Explained - Stock Index Trading Add Custom Indicator?

Indices Trading Add a Custom Indicator? - Adding Custom Indicators on MetaTrader 4

Step2: On the Popup window that appears on your screen select "Custom Indicator" and then click next.

MT4 Window for Adding Custom Indicator - Indices Trading Add Custom Technical Indicator to MT4 Chart Tutorial - Stock Index Trading Add a Custom Indicator?

Adding Custom Indicators on the MetaTrader 4 Online Indices Trading Platform

Step3: Choose and Enter a Name as Shown Below and then Click Next

Name of New Custom Technical Indicator on MT4

Creating Custom Stock Indices Indicator on MT4

Step4: Specify if it is to appear on a separate window or not, Then Click Finish

Custom Indicator Properties Setting - Stock Index Trading Add Custom Technical Indicator?

Creating Custom MetaTrader 4 Stock Indices Indicator

For an MetaTrader 4 custom indicator that is a stock indices price overlay - do not check this box, and for an oscillator like the RSI or Stochastic Oscillator - check the above option.

The Following Code will appear on the MT4 Indices trade platform MetaEditor Window

Adding Custom Indicator on MT4 MetaEditor Programming Environment - Indices Trading Add Custom Indicator to MT4 Chart Example Explained - Indices Trading Add a Custom Indicator?

Adding Custom Indicator on MetaTrader 4

To program a customized MetaTrader 4 stock indices indicator it requires that you are a programmer who knows the C++ Object Oriented Programming Language, which is the programming language that the MQL4 programming language uses in the programming of the MetaTrader 4 software. Or you can find the community of MQL4 Programmers and they can program the custom indicator for you.

Step4: Compile

Do not forget to compile, for the MetaTrader 4 Indices Trading custom indicator to be recognized by the MT4 indices trading platform; one must compile the program, then close and restart the MetaTrader 4 platform, just like restarting your computer - you will restart MetaTrader 4 platform so that the newly added custom MetaTrader 4 custom indicator can start appearing and be listed on the MetaTrader 4 Navigator Window.

Compile New Custom Indicator on the MT4 Platform - Stock Indices Trading Add Custom Indicator?

Compile New Custom Indicator on the MT4 Platform

If there are no Errors, it will be compiled successfully without any error as shown above.

Step5: Restart MT4 online stock indices trading platform and it should now be listed on the MetaTrader 4 Navigation Menu as shown below and you can start trading with the newly added custom indicator.

How to install custom indicators on MT4

New MetaTrader 4 Indices Indicator Added to the Indices Trading Platform

How to Add a Downloaded Custom Indicator

If you download an indicator from a source on the internet for example on www.tradestockindices.com, and it is now on your computer - to add it to the MetaTrader 4 platform, follow the steps below:

Step1: On the MetaTrader 4 Indices Trading Platform File Menu of the MetaEditor, Select "Open"

Add a Downloaded Indicator to MT4

Open a Downloaded Indices Indicator Using MetaEditor

Step2: Locate the Download Folder from the Popup window that appears as shown below.

Locate Downloaded Indicator on Your Computer to Install it on MT4 - Stock Index Trading Add Custom Technical Indicator?

Indices Trading Add Custom Indicators to Indices Trading MetaTrader 4 Platform?

Step3: Once you open the downloaded custom indicator it will be displayed on the MetaEditor Work Space - you can then follow the above procedure for compiling the downloaded MetaTrader 4 stock indices indicator, once it is compiled without errors, restart your MetaTrader 4 platform and it will now be added on the indices trading platform navigator menu and you can start to trade with it on your MT4 Indices Trading Platform.

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