The process to install a purchased product in Metatrader is the same whether you purchased an Indicator, an Expert Advisor, or an Utility. Also, the process is the same for Metatrader 4 and Metatrader 5.
The Type Of File
When you purchase or free download a product you are able to download the product file that has one of the following extensions:
- MQ4, it is a source file for Metatrader 4
- MQ5, it is a source file for Metatrader 5
- MQH, it is an include file for Metatrader
- EX4, it is a product file for Metatrader 4
- EX5, it is a product file for Metatrader 5
1. Open The Data Folder
The first step to install a product is to open the data folder.
In your Metatrader platform click on the File menu and then Open Data Folder. This is the folder containing most of the Metatrader data.
If you are using Metatrader 4 open the folder MQL4.
If you are using Metatrader 5 open the folder MQL5.
If you wish to change the location of your data folder you can follow the instructions in this article.
2. Copy The Product File
Once you have the MQL4 (for MT4) or MQL5 (for MT5) folder open you can copy in it the downloaded file.
The downloaded file has either a EX4, MQ4 (for MT4) or EX5, MQ5 (for MT5) extension.
3. Restart Metatrader
If the product file is a EX4 or EX5 file then please restart the Metatrader platform.
If the file is MQ4 or MQ5 please open Metaeditor from Metatrader and compile the file from there.
4. Find The Product In Metatrader
If all of the above are completed correctly you can now find the product in your Metatrader platform.
In your Navigator panel you can browse for your installed Indicators, Scripts and Expert Advisors.
4. Load A Product
To load a product simply drag and drop it from the navigator panel to the chart where you want to use it.
If you have issues with the installation please Contact Us.