MT4 Platform MetaEditor Tutorial: Adding Custom Indicators Lesson
MetaTrader 4 Command Line – The Meta Editor is a programming environment within MT4 that forex traders use to incorporate new MT4 Custom Trading Indicators, Scripts, Libraries, and Include Files relevant to MT4 coding - referred to as the MetaTrader 4 Command Line Programming/Coding Editor. The MT4 software's Meta Editor, or MetaTrader 4 Command Line Meta-Editor, is frequently employed by traders who use Automated EAs for executing forex trades. In this tutorial on the Best MT4 Custom Indicators, we will detail how to add a custom technical indicator using the Meta Editor within MT4 software. To learn how to integrate a new MT4 EA Automated Bot, refer to the guide: Adding a new MT4 Expert Advisor FX Guide.
The MT4 online Forex software MetaEditor environment is displayed & shown below.
Meta Trader 4 Online FX Platform Meta Editor Environment - MT4 Command Line
Meta Editor Menu - MetaTrader 4 Command Line Meta-Editor Menu
In MT4 platform software, after adding a Trading Indicator a fx trader will need to compile this newly added custom indicator item so that as it can now be recognized by the MetaTrader 4 Software Platform & begin to appear in MT4 platform software Navigator Window in the MT4 Custom Trading Indicators Sub Menu.
Adding a New Custom Indicator on the MT4 - Best MetaTrader 4 Custom Indicators Lesson
After you've opened the MetaQuotes Language Editor - MT4 Command Line Meta Editor - on your platform like as shown above (Short Cut Key - Press F4), you can then follow the guide lines below:
Step1: Navigate To File Menu, Then Choose and Select 'New'
Adding Custom Indicators on the MetaTrader 4 - How to Set MetaTrader 4 Custom Trading Indicators Forex
Step2: On Popup window that pops on your screen select 'Custom Indicator' & click next
Adding Custom Indicators in MT4 Platform Software - Add MetaTrader 4 Custom Indicators
Step3: Choose & Enter a Name as Shown and Displayed Below and then Press Next
Developing Custom Indicator on the MT4
Step4: Specify if MT4 Custom Trading Indicator is to appear on a separate window or not, Then Press Finish
Developing Custom MT4 Indicator - How to Create Forex MT4 Custom Indicators
For an MetaTrader 4 custom technical indicator that's a price overlay - do not check this box, and for an oscillator custom MT4 Indicator - e.g. oscillators trading indicators like the RSI or Stochastic Oscillator Technical - check the above option.
Following Program will popup on the platform Meta Editor Window
Adding Forex MT4 Custom Indicators in MetaTrader 4
To code a customized MetaTrader 4 custom technical technical indicator it requires that you're a coder who knows the C++ Object Oriented Programming Language, which is the programming/coding language that the MQL4 coding language uses in the programming/coding of the MetaTrader 4 software platform. Or you can find the forum of MQL4 Programmers and they can program the MT4 Custom Technical Indicator for you.
Step4: Compile
bear in mind to assemble, for MetaTrader 4 custom indicator to be recognized through the MT4 platform: a trader need to assemble this system/code - custom technical indicator software, then near and rebegin the MT4 software program, similar to rebeginning your laptop - you will rebegin MT4 platform software program so that as the brand new delivered custom MetaTrader 4 indicator can begin acting & be listed on the MetaTrader 4 Navigator Window - MetaTrader four custom Technical indicators Sub Menu.
Compile New Custom Indicator on the MT4 Online Forex Platform Software
If there are no Errors, the forex MetaTrader 4 custom technical indicator will be compiled & added successfully without any error just as shown above.
Step5: Rebegin MT4 online software & the new MT4 custom indicator should now be listed on the MetaTrader 4 Navigation Menu just as shown below and you can start trading with newly added MT4 custom indicator.
New MT4 Custom Indicator Added to the Software - MT4 Custom Indicators
How to Set a Downloaded Custom Indicator in MT4 Software
If you download MetaTrader 4 custom indicator from a source on the inter-net for example on www.tradeforextrading.com, and it's now on your PC computer - to add it to MT4 software, follow guidelines below:
Step 1: On File Menu of the MetaEditor Window, Select & Choose 'Open'
Open a Downloaded Indicator Using MetaEditor - Indicators MT4 Custom Indicators
Step 2: Locate the Download Folder from the Popup panel which pops up as is shown below.
Step 3: Once you as a trader open the download MetaTrader 4 custom indicator that you've downloaded from an internet source it will be shown and displayed on the Meta-Editor Work-Space - you can then follow the above method for compiling the download MT4 custom trading indicator, once it's compiled without errors, re-start your MT4 software & it will now be added on the trading platform navigator menu & you can start to trade with it in your MetaTrader 4 Platform.
MT4 Custom Indicators Forex - MT4 Custom Trading Indicators.
Learn More Topics and Tutorials:
- Gold With Support and Resistance Levels
- Base Currency and Quote Currency Price Meaning
- How Can I Use MetaTrader 4 Acceleration/Deceleration Indicator?
- Displaying Trade Instruments in MT4 Trading
- MetaTrader S&P ASX Indices S&PASX 200 MetaTrader 5 FX Platform
- Identifying Classic Bullish Divergences and Classic Bearish Divergences
