MT4 Platform MetaEditor Tutorial: Adding Custom Indicators Tutorial

MT4 Command Line - The MetaEditor language Editor is a programming environment on the MT4 that forex traders can use to add new MT4 Custom Indicators, Scripts, Libraries and Include Files which are used in MT4 programming - MT4 Command Line Programming Editor. The MT4 platform MetaEditor or MT4 Command Line MetaEditor is commonly used by Forex Traders who use Automated 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 MetaTrader 4 platform using the MetaEditor, to learn how to add a new MT4 EA Automated Forex Bot you can go to the: Adding a new MetaTrader 4 EA Forex Guide.

The MetaTrader 4 online Forex trading software MetaEditor environment is displayed and illustrated below.

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

Meta Editor Menu - MT4 Command Line Meta Editor Menu

On MetaTrader 4 software, after adding a Indicator a trader will need to compile this newly added forex custom indicator item so that it can now be recognized by the MT4 Forex Trading Platform & begin to appear in MetaTrader 4 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 - MT4 Command Line MetaEditor - on your Forex trading platform as shown above (Short Cut Key - Press F4), you can then follow the guide lines below:

Step1: Go To File Menu, Then Choose 'New'

Adding Custom Indicators on MetaTrader 4 - How to Add MT4 Custom Indicators Forex

Step2: On Popup window that pops on your screen choose 'Custom Indicator' & click next

Adding Custom Indicators on MetaTrader 4 - Add MT4 Custom Forex Indicators

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

Creating Custom Indicator in MT4

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

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

For an MetaTrader 4 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.

Following Program will popup on the Forex platform MetaEditor Window

Adding Forex MT4 Custom Indicators in MetaTrader 4

To program a customized MT4 custom indicator it requires that you're a programmer who knows the C + + Object Oriented Coding Language, which is the programming language that the MQL4 programming language uses in the programming of the MT4 software. Or you can find the community of MQL4 Programmers and they can program the MetaTrader 4 Custom Indicator for you.

Step4: Compile

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

Compile New Custom Indicator on the MT4 Online Forex Platform

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

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

New MetaTrader 4 Custom Trading Indicator Added to the Forex Software - MT4 Custom Indicators

How to Add a Downloaded Custom Forex Indicator on MetaTrader 4 Platform

If you download MT4 custom technical indicator from a source on the inter-net for example on www.tradeforextrading.com, & it is now on your Desktop computer - to add it to MetaTrader 4 software, follow steps below:

Step 1: On File Menu of the Meta Editor Window, Select 'Open'

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

Step 2: Locate the Download Folder from the Popup window which pops up as illustrated and illustrated below.

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, re-start your MetaTrader 4 platform and it will now be added on the Forex platform navigator menu and you can start to trade with it on your MT4 Platform.

MetaTrader 4 Custom Indicators Forex - MT4 Forex Custom Indicators.