MT4 XAUUSD Software MetaEditor Tutorial: Adding Custom Indicators

MetaTrader 4 Command Line - The MetaEditor language Editor is a programming environment on the MetaTrader 4 that traders can use to add new MT4 Custom Indicators, Scripts, Libraries and Include Files which are used in MT4 programming - MetaTrader 4 Command Line Programming Editor. The MT4 platform MetaEditor or MetaTrader 4 Command Line MetaEditor is commonly used by Traders who use Automated Expert Advisors to place trades. In this Best MT4 Custom Indicators tutorial we shall look at how to add a custom indicator in MetaTrader 4 platform using the MetaEditor, to learn how to add a new MT4 Expert Advisor Automated Bot you can go to the: Adding a new MetaTrader 4 Expert Advisor XAUUSD Guide.

The MT4 online trading platform MetaEditor environment is illustrated & shown below.

MetaTrader 4 Online Platform MetaEditor Environment - MetaTrader 4 Command Line

MetaEditor Menu - MetaTrader 4 Command Line Meta Editor Menu

On the MT4 platform, after adding a Indicator a trader will require to compile this new added custom indicator item so that it can now be recognized by MetaTrader 4 Platform and start to appear on MetaTrader 4 platform Navigator Window in the MT4 Custom Indicators Sub Menu.

Best MT4 Custom Indicators Guide

After you have opened the Meta-Quotes Language Editor - MetaTrader 4 Command Line MetaEditor - on your platform as shown above (Short-Cut Key-board Key - Press F4 Key), you can then follow steps below:

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

Adding Custom Indicators on MT4 - How to Add MT4 Custom Indicators - XAUUSD MT4 Command Line

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

Adding Custom Indicators on MT4 - Add MT4 Custom Indicators

Step3: Select & Enter a Name as Dislayed Below & then Click Next

Creating Custom Indicator on MT4

Step4: Specify if MT4 Custom Indicator is to appear on a separate window or not, Then Press Finish

Creating Custom MetaTrader 4 Indicator - How to Create MT4 Custom Technical Indicators

For an MT4 custom indicator that's a gold price overlay - don't check this box, and for an oscillator custom MetaTrader 4 Indicator - for example oscillators such as the RSI indicator or Stochastic Oscillator - check the above option.

Following Program will popup on the platform Meta-Editor Window

Adding MT4 Custom Indicators on MT4

To program a customized MetaTrader 4 custom indicator it requires that you're a programmer who knows the C plus plus Object Oriented Coding Language, which is the coding language that the MQL4 programming language uses in the coding of the MT4 platform. Or you can find the community of MQL4 Programmers & they can program MT4 Custom Indicator for you.

Step4: Compile

Do not forget to compile, for the MetaTrader 4 XAUUSD custom technical indicator to be recognized by the MetaTrader 4 platform: a trader must compile the program - custom technical indicator program, then close & restart the MT4 platform, just like rebeginning your computer - you will restart MetaTrader 4 platform so that the newly added custom MetaTrader 4 indicator can start appearing & be listed on the MetaTrader 4 Navigator Window - MetaTrader 4 Custom Indicators Sub Menu.

Compile New Custom Indicator on the MT4 Online Software

If there are no Errors, the MT4 custom technical indicator will be compiled successfully without any error as displayed above.

Step5: Restart MT4 XAUUSD online platform & the new MT4 custom indicator should now be listed on the MT4 Navigation Menu as shown below and you can start trading with the new added MT4 custom indicator.

New MT4 Custom Indicator Added to the Platform - MT4 Custom Indicators

How to Add a Downloaded Custom Indicator on MT4 Platform

If you download MetaTrader 4 custom technical indicator from a source on the internet for examples on www.tradeforextrading.com, and it's now on your Desktop computer - to add it to MT4 platform, follow the steps discussed below:

Step 1: On File Menu of the MetaEditor Window, Select "Open"

Open Downloaded Indicator Using Meta-Editor - XAUUSD Indicators MT4 Custom Indicators

Step 2: Locate the Download Folder location from the Pop up panel that pops up as illustrated and shown below.

Step 3: Once you open download MT4 custom indicator that you have downloaded from an internet source it'll be displayed on the MetaEditor Work Space - you can then follow the above procedure for compiling the download MT4 custom indicator, once it's compiled without errors, restart your MetaTrader 4 platform & it will now be added on the platform navigator menu & you can start to trade with it on your MetaTrader 4 XAUUSD Platform.

MetaTrader 4 Custom Indicators XAUUSD - MT4 XAUUSD Custom Technical Indicators.