How Do I Activate an EA on MT4? - Activate an EA on MT5 and MT4
How to Activate an Expert Advisor in MetaTrader 4 and MT5 Platform
Steps on How to Activate Expert Advisor in MetaTrader 4 and MT5 Forex Trading Platforms.
- Select the Tools Menu
- Select The Expert Advisors Tab
- Click the Check Box "Enable Expert Advisors"
- Click the Check Box "Allow Live Trading"
Procedure on how to activate an MetaTrader 4 & MT5 Expert-Advisor
Options Setting on Tools Menu in MT4 & MT5 Platform
The options setting button is used for a variety of many different tasks on the MetaTrader 4 and MT5 Forex trading platforms. The Options setting button key is listed within the tools menu in MT4 & MT5 as displayed below. Shortcut key for this - "Ctrl+O".
MetaTrader 4 & MT5 Options Settings - Expert Advisors Automated Forex Trading Setup
MetaTrader 4 & MT5 Options Settings - Expert Advisors Automated Forex Trading Setup
These settings on the MetaTrader 4 & MT5 are shown below: the list of various buttons are displayed as tabs as displayed on the image below. As a trader to edit anything on this window just click on any of these button keys & then change the settings.
Forex Expert-Advisors Tab
The Forex Platform Expert-Advisors window is displayed below:
MetaTrader 4 and MT5 Platform - Options Settings for Expert Advisors Automated Trading
The following options are used for Expert-Advisors Automated Trading:
Enable EAs - Allow for Expert Advisor to be placed on chart for purposes of automated trading execution
Disable experts when trading accounts have been changed - log in to a different account deactivates Expert-Advisors
Disable Experts when profile has been change - When you change profiles the EAs setting for allowing trading in new profile is deactivated until you allow & manually place an Expert Advisor on this new opened forex chart.
Allow Live Trading - Give Permission to the Expert Advisor to open trades on the live forex trading market.
(Ask Manual Confirmation - no needs for this if you are using EAs, leave this one as it is shown without checking it.)
Allow DLL imports - Dynamic Link Libraries, which are external, unless required this option should be left unchecked. (External which means that these libraries are referenced from an external source outside of your Desktop PC computer, so be careful with this one)
Confirm DLL functions calls - Exercise manual permission for every function call, either allow it or disallow it depending on your trade parameters.
Allow External Experts imports - This is used to allow your Expert Advisor to reference some data from another Expert Advisor that is in another place, away from your PC computer, (External means these Expert Advisor Forex Bots are referenced from an external source that is outside of your Desktop PC Computer, so you need to be careful with this option).
MQL5 Expert Advisor Community
The MQL5 forum is a community where traders can find other traders & Exchange Expert-Advisors & Forex Signals with each other.
Traders have to register to this MQL5 Expert Advisors community and can then access services from their MT4 or MT5 platform directly. To get details on how to access and register in this community, login to your MetaTrader 4 or MT5 software & navigate to window shown below and follow the instructions.
MQL5 Expert Advisor Community - MetaTrader 4 Robots & MT5 Robots\
