MT4 XAUUSD Software MetaEditor Tutorial: Adding Custom Indicators

MetaTrader 4 Command Line - The MetaEditor language Editor is a programming environment on the MT4 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 MetaTrader 4 Expert Advisor Automated Robot you can go to the: Adding a new MT4 EA Gold Guide.

The MetaTrader 4 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 MetaTrader 4 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 the guidelines below:

Step1: Go To File Menu, Then Choose "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 choose "Custom Indicator" and then click next

Adding Custom Indicators on MT4 - Add MT4 Custom Indicators

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

Developing Custom Indicator on MT4

Step4: Specify if MetaTrader 4 Custom Indicator is to appear on a separate window or not, Then Press Finish

Making Custom MetaTrader 4 Indicator - How to Create MT4 Custom Indicators

For an MetaTrader 4 custom indicator that's a gold price overlay - don't check this box, and for an oscillator custom MT4 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 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 can find the community of MQ4 Programmers & they can program MetaTrader 4 Custom Indicator for you.

Step 4: Compile

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

Compile New Custom Indicator on the MetaTrader 4 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 and the new MetaTrader 4 custom indicator should now be listed on the MT4 Navigation Menu as illustrated below and you can begin trading with the new added MetaTrader 4 custom indicator.

New MT4 Custom Indicator Added to the Platform - MetaTrader 4 Custom Indicators

How to Add a Downloaded Custom Indicator on MetaTrader 4 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 & shown below.

Step 3: Once you open download MetaTrader 4 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 Gold Platform.

MetaTrader 4 Custom Indicators XAUUSD - MT4 XAUUSD Custom Indicators.