How to Add a Custom Indicator
How to Setup a Gold Custom Indicator to Your MT4 XAUUSD Platform
- Download the MetaTrader 4 custom indicator.
- Locate the Custom technical indicator & copy this MT4 custom indicator file.
- Open the data folder in MetaTrader 4.
- Open MQL4 file in MetaTrader 4.
- Locate the Navigator Window.
- On the navigator panel, find the Custom Trading Indicators option.
- Open your Custom indicator by double-clicking the indicator.
- The Custom Technical Indicator Properties window panel will popup.
- The Custom Technical Indicator Will now be added to your MetaTrader 4 software.
How to install custom indicators on MetaTrader 4
Trading XAUUSD Add Custom Indicators to Gold MT4 Platform
MetaTrader 4 Gold Platform MetaEditor Tutorial: Adding Custom Indicators
The Meta-Editor language Editor is a programming environment on the MetaTrader 4 xauusd platform that traders can use to add new Custom Technical Indicators, Scripts, Libraries & Include Files which are used in programming. MT4 software Meta-Editor is oftenly used by XAUUSD traders who use Automated Gold Expert Advisors to place trades. This learn MT4 tutorial we shall look at how to add a custom indicator in the MT4 platform using the MetaEditor, to learn how to add a new Expert Advisor you can go to the: Adding a new MT4 Gold EA MT4 XAUUSD Platform Tutorial.
The MT4 online xauusd trading platform MetaEditor environment is illustrated & shown below.
How to Add a Custom Indicator to MT4? - Adding Custom Indicators
MetaEditor Menu
How to Setup a Gold Custom Indicator to Your MT4 XAUUSD Platform
On the MetaTrader 4 platform, after adding an Indicator a trader will require to compile this new added item so that it can now be recognized by the MetaTrader 4 XAUUSD Platform and begin to appear on the MT4 platform Navigator Window Panel.
How to Add a New Custom XAUUSD Indicator in MT4 Platform
After you've opened the Meta Quotes Language MetaEditor on your MetaTrader 4 software as displayed above (Short-Cut Key-board Key - Press F4 Key), you can then follow the steps below:
Step1: Go To File Menu, Then Select 'New'
How to Add a Custom Indicator? - Adding Custom Indicators in MT4
Step2: On the Popup window that appears on your screen select 'Custom Technical Indicator' and then click next.
Adding Custom Indicators on the MT4 Online XAUUSD Platform
Step3: Choose & Enter a Name as Shown Below and then Click Next
Creating Custom Gold Indicator on MT4
Step4: Specify if it is to appear on a separate window or not, Then Click Finish Button Key
Creating Custom MetaTrader 4 Technical Indicator
For an MetaTrader 4 custom indicator that's a gold trading price overlay - do not check this box, & for an oscillator like the RSI or Stochastic Oscillator - check the above option.
Following Program will popup in MetaTrader 4 platform MetaEditor Panel
Adding Custom Indicator in MetaTrader 4
To program a customized MetaTrader 4 indicator it requires that you're a programmer who knows the C plus plus Object Oriented Programming Language, which is the programming language that the MQL4 programming language uses in the programming of the MT4 software. Or you can find the community of MQL4 Programmers & they can program the custom indicator for you.
Step4: Compile
Do not forget to compile, for MT4 XAUUSD custom technical indicator to be recognized by the MetaTrader 4 xauusd trading platform: one must compile the program, then close and restart MetaTrader 4 platform, just like re-starting your Desktop PC computer - you'll re-start MetaTrader 4 platform so that the new added custom MT4 custom technical indicator can begin appearing and be listed on the MT4 Navigator Window.
Compile New Custom Indicator on the MetaTrader 4 Platform
If there are no Errors, it will be compiled successfully without any error as displayed above.
Step5: Rebegin MT4 online gold trading platform & it should now be listed on the MT4 Navigation Menu as shown below and you can start trading with the newly added custom technical indicator.
New MetaTrader 4 Indicator Added to the XAUUSD Platform
How to Add a Downloaded Custom Gold Indicator on XAUUSD Trading Platform
If you download an indicator from a source on the internet for example on www.tradeforextrading.com, and it's now on your PC computer - to add it to MetaTrader 4 software, follow the steps below:
Step1: On the MT4 XAUUSD Platform File Menu of the MetaEditor, Choose 'Open'
Open a Downloaded XAUUSD Indicator Using MetaEditor
Step2: Locate Download Folder location from the Pop-up window panel that pops up as illustrated and shown below.
Trading XAUUSD Add Custom Indicators to Gold MT4 Software?
Step3: Once you open the downloaded custom technical indicator it will be displayed in the MetaEditor Work Space - you can then follow the above procedure for compiling downloaded MT4 indicator, once it's compiled without errors, restart your MetaTrader 4 platform and it will now be added on the xauusd platform navigator menu & you can begin to trade with it on your MT4 XAUUSD Platform.
