Trade Forex Trading

Learn Forex Trading

MetaTrader 4 Platform MetaEditor Tutorial: Adding Custom Indicators - Best MT4 Custom Indicators Tutorial

MetaTrader 4 Command Line - The MetaEditor language Editor is a programming environment on the MetaTrader 4 that forex 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 Forex Traders who use Automated Forex Trading Expert Advisors to place forex trades. In this Best MT4 Custom Indicators forex trading tutorial we shall look at how to add a custom indicator on the MT4 forex platform using the MetaEditor, to learn how to add a new MT4 Expert Advisor Automated Forex Trading Robot you can navigate to the: Adding a new MT4 Expert Advisor Forex Tutorial.

 

The MetaTrader 4 online Forex trading platform MetaEditor environment is shown below.

MetaTrader 4 MetaEditor Tutorial: Adding Custom Indicators - Best MT4 Custom Indicators Tutorial - MetaTrader 4 Command Line MetaEditor

MT4 Online Forex Trading Platform MetaEditor Environment - MetaTrader 4 Command Line

 

MetaEditor Menu - MetaTrader 4 Command Line MetaEditor Menu

MetaEditor Window in MetaTrader 4 Forex Trading Platform - Forex Indicators MT4 - MT4 Command Line

 

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

 

Adding a New Custom Indicator on MetaTrader 4 - Best MT4 Custom Indicators Tutorial

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


Step1: Go To File Menu, Then Select “New”

Adding a New MT4 Custom Indicator using MetaEditor on MetaTrader 4 - Best MT4 Custom Forex Indicators - Forex MetaTrader 4 Command Line

Adding Custom Indicators on MT4 Platform - How to Add MT4 Custom Indicators Forex - Forex MT4 Command Line

 

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

MetaTrader 4 Window for Adding Custom Indicator - How to Add MT4 Custom Indicators - Forex MetaTrader 4 Command Line MetaEditor

Adding Custom Indicators on MT4 Forex Trading Platform - Add MT4 Custom Forex Indicators


Step3: Choose and Enter a Name as Shown Below and then Click Next

Name of New Custom Indicator on MetaTrader 4 Trading Platform - What is MT4 Custom Indicators?

Creating Custom Forex Indicator on MetaTrader 4 Platform

 

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

Forex Custom Indicator Properties Settings - How to Create MT4 Custom Indicators Forex - MT4 Command Line MetaEditor

Creating Custom MT4 Forex Indicator - How To Create Forex MT4 Custom Indicators

 

For an MT4 custom indicator that is a price overlay - do not 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.

 

The Following Code will appear on the Forex trading platform MetaEditor Window

Adding Custom Indicator on MT4 MetaEditor Programming Environment - Forex MetaTrader 4 Custom Indicators

Adding Forex MetaTrader 4 Custom Indicators on MT4 Forex Trading Platform

 

To program a customized MT4 custom indicator it requires that you are a programmer who knows the C++ Object Oriented Programming Language, which is the programming language that the MQL4 programming language uses in the programming of the MT4 Forex trading software. Or you can find the community of MQL4 Programmers and they can program the MT4 Custom Indicator for you.

 

Step4: Compile

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

Compile a New Custom Indicator on MetaTrader 4 MetaEditor - MT4 Custom Indicators Menu List

Compile New Custom Indicator on The MT4 Online Forex Trading Platform


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

 

Step5: Restart MetaTrader 4 Forex online trading platform and the new MT4 forex trading custom indicator should now be listed on the MT4 Navigation Menu as shown below and you can start trading with the newly added MetaTrader 4 custom indicator.

New Custom Indicator Added To Indicator List on MetaTrader 4 MT4 Custom Indicators List Menu

New MT4 Custom Indicator Added To The Forex Trading Platform - MetaTrader 4 Custom Indicators

 

How To Add a Downloaded Custom Indicator on MetaTrader 4 Forex Trading Platform

If you download MT4 custom indicator from a source on the internet for example on www.tradeforextrading.com, and it is now on your computer - to add it to the MT4 Forex trading platform, follow the steps below:

 

Step 1: On the File Menu of the MetaEditor, Select “Open”

Add a Downloaded Indicator to MetaTrader 4 Platform - Forex Indicators MT4 Custom Indicators

Open a Downloaded Forex Indicator Using MetaEditor - Forex Indicators MT4 Custom Indicators

 

Step 2: Locate the Download Folder from the Popup window that appears as shown below.

Locate Downloaded Indicator on Your Computer To Install it on MetaTrader 4 - Forex Technical Indicators MT4 Custom Indicators

 

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

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

 

Pip Value Calculator and Margin Calculator


Top 100 Broker Rankings


Up To $5K Bonus - Limited Time Bonus




Regulated Broker