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MT4 XAUUSD Software MetaEditor Tutorial: Adding Custom Indicators

MT4 Command Line - The MetaEditor language Editor is a programming/coding environment on the MetaTrader 4 that traders can use to add new MT4 Custom Trading Indicators, Scripts, Libraries and Include Files which are used in MetaTrader 4 programming - MT4 Command Line Programming/Coding Editor. The MT4 software MetaEditor or MT4 Command Line Meta-Editor is often used by Traders who use Automated EAs to place trades. In this Best MetaTrader 4 Custom Trading Indicators tutorial tutorial we shall explore how to add a custom indicator on MetaTrader 4 software 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 EA Gold Guide.

The MT4 online software Meta-Editor environment is illustrated & shown below.

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MT4 Online Platform Meta-Editor Environment - MT4 Command Line

MetaEditor Menu - MT4 Command Line Meta Editor Menu

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On the MT4 software, after adding a Trading Indicator a gold trader will require to compile this new added custom indicator item so that it can now be recognized by MT4 Software Platform & begin to appear in MetaTrader 4 software Navigator Panel in the MT4 Custom Trading Indicators Sub Menu.

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After you've opened the Meta-Quotes Language Editor - MT4 Command Line MetaEditor - on your platform like as shown above (Short-cut Key-board Key - Press F4 Key), you as a trader can then follow the rules below:

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

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Step2: On Popup window which appears in your screen choose "Custom Technical Indicator" & then click next

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Step3: Select and Choose and Enter a Name as Displayed Below and then Press Next

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Developing Custom Indicator on the MT4

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

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

Following Program will popup on the platform Meta-Editor Window

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Adding MetaTrader 4 Custom Indicators on the MT4 Platform

To program a customized MT4 custom technical indicator it requires that you're a coder who knows the C-plus-plus Object Oriented Coding Language, which is the coding language that the MQL4 coding language uses in the programming of the MetaTrader 4 software platform. Or you as a trader can find the community forum of MQ4 Programmers and they can program MetaTrader 4 Custom Indicator for you.

Step 4: Compile

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

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Compile New Custom Indicator on the MT4 Online Platform

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

Step5: Restart MT4 XAU/USD online platform and the new MT4 custom indicator should now be listed on the MT4 Navigation Menu like illustrated below and you as a trader can begin trading with the new added MT4 custom technical indicator.

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New MT4 Custom Technical Indicator Added to the Platform/Software - MT4 Custom Trading Indicators

How to Add a Downloaded Custom Indicator on MT4 Platform Software

If you download MT4 custom technical indicator from a source on the internet for examples on www.tradeforextrading.com, and it is now in your PC computer - to add it to MetaTrader 4 software, follow the steps explained below:

Step 1: On the File Menu of the Meta-Editor Window, Select and Choose "Open"

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Step 2: Locate the Download Folder location from the Pop up panel that shows up as is illustrated & shown below.

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Step 3: Once you open download MT4 custom technical indicator which you've downloaded from an online source it will be displayed on the Meta-Editor Work-Space - you then can follow the above method for compiling the download MT4 custom technical indicator, once it's compiled without errors, restart your MT4 software and it'll now be added on the platform navigator menu & you can begin to trade with it in your MT4 Gold Software.

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