The Forex traders who had bought trading robots, need a comprehensive guidance to learn the robot installation process on MetaTrader. It’s essential to notice that forex EA installation on MetaTrader 5 as just as the same as installing it on MetaTrader. In this article we will explain the instructions step by step.
How can I install the Forex EA?
If your trading platform is MetaTrader, to install Forex robot on MT, there two general methods forward. The first way is automatically installation of the robot. This method is specialized for available robots on MQL website; the other method is about manual forex EA installation of those robots which you’ve downloaded.
Generally, the robot installation process is simply easy and fast, we will describe these two ways in the following. If you are interested in reading more information about the forex expert advisor, we suggest you read the article “What is a forex robot?”.
The trading robot or Expert Advisor installation training on MetaTrader 5
Firstly, let’s with the first method, which is automated forex EA installation. You need to have an account on the MQL website, to install a robot automatically on MetaTrader 5. Once you’ve logged in to your account, open your MetaTrader platform and enter your MQL login details in the specified section, as it’s shown in the image below.
Then, MetaTrader will connect to your MQL account, after you logged in. Now it’s time to find your robot on MQL5 website; go to the “MARKET” section in the top tab of the website and search for the name of your desired robot. For instance, we’ve chosen a free robot and clicked on the download button in the bottom left corner of the image below.
Then, you’ll be asked if you have MetaTrader 5 because this robot is specifically for this platform, after clicking the download. Also, If you have it already, click “Yes, I have”.
All the process will be done automatically, MetaTrader will then open and start installing the robot on your platform. Finally, you can find and activate your robot from the “Expert Advisor” section.
The second method is related to those robots that aren’t available on MQL5 and are downloaded from other websites. Firstly click o “File” in the MetaTrader menu, next click on “Open Data Folder” to open a folder.
After that you can see an opens folder, click on “MQL5”, then on “EXPERT”. In this case, you must copy the downloaded file (unzip or extract it first) to this folder.
At the end, close and reopen MetaTrader. Then go to the Expert section in the bottom left corner of the platform, find your desired robot and activate it.
The trading robot or Expert Advisor installation training of on MetaTrader 4
The robot installation process on Meta Trader 4 is just like Meta Trader 5 and there are no differences between them. You can follow all the instructions above that explained for MT5, apply them on MT4.
How to activate the robot or Expert Advisor?
You can simply click on robot to activate it, hold on it, then drag it onto the trading chart you want to work with. Also, make sure to enable the “AutoTrading”. So, MetaTrader allows you to use the robot.
Finally, a white smiling emoji will be appeared in the right corner of chart screen, when every step of process is set up correctly and the robot is activated. You’re done, enjoy your trades.
How to work with Forex robot?
Working with a Forex robot depends on the type of robot you’re working with. Each robot has its own settings and operating method that you can access by right-clicking on it and entering the Settings section. It’s important to note that most robots come have a “Set” file, which includes their default settings. In this case, you can load the settings onto your robot input.
How to remove or uninstall a Forex EA on MT5?
To uninstall or remove a robot, open your meta trader platform and find your robot in the “Navigator” section. Right-click on it and select Delete.
After completing these steps, reopen and close meta trader once to remove the robot from your system completely.
How to remove Forex EA on Meta Trader 4?
The process to remove or uninstall a robot on MetaTrader 4 is just like MetaTrader 5 and there are no differences between them. You can follow all the instructions that explained of MetaTrader 5, and apply it on MetaTrader 4.
What we read in Forex EA installation training article
As we read in Forex EA installation training, you can install the Forex robot on Metatrader in two simple methods. If you’re trading robot or Expert Advisor is available on “MQL 5” website, you have nothing to do, all be done automatically; but if you have downloaded your robot from other website, you must copy it on “Expert Advisor” file section. Also, if you’re interested in buying guaranteed Forex robot, you can contact us via Express Advice website.
What is Forex robot or Expert Advisor?
Expert Advisor or Forex robot are the automated trading systems or signal provider that are created according to algorithms based on programming.