MetaTrader 4 Stock Platform MetaEditor Tutorial: Adding Custom Trading Indicators
MetaTrader 4 Command Line - The MetaEditor language Editor is a programming environment on the MetaTrader 4 that stock 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 stock platform MetaEditor or MetaTrader 4 Command Line MetaEditor is commonly used by Stocks Traders who use Automated Stock Expert Advisors to place stock trades. In this Best MT4 Custom Indicators stocks tutorial we shall look at how to add a custom indicator on the MT4 stock platform using the MetaEditor, to learn how to add a new MT4 Stock Expert Advisor Automated Stocks Robot you can navigate to the: Adding a new MT4 Stock Expert Advisor Stocks Trading Tutorial.
The MetaTrader 4 online stock trading platform MetaEditor environment is shown below.
MT4 Online Stocks Platform MetaEditor Environment - MetaTrader 4 Command Line
MetaEditor Menu - MetaTrader 4 Command Line MetaEditor Menu
On the MetaTrader 4 platform, after adding a Stocks Indicator a stocks trader will require to compile this newly added stocks custom indicator item so that it can now be recognized by the MetaTrader 4 Stocks Platform and start to appear on the MT4 platform Navigator Window in the MT4 Custom Indicators Sub Menu.
Adding a New Custom Stocks Indicator in MetaTrader 4 Stocks Trading Software
After you have opened the MetaQuotes Language Editor - Stock Trading Platform MT4 Command Line MetaEditor - on your stock trading platform as shown above (Keyboard Short Cut Key - Press F4), you can then follow the steps below:
Step1: Go To File Menu, Then Select "New"
Adding Custom Indicators on MT4 Platform - How to Add MT4 Custom Indicators Stocks Trading - Stocks Trading MT4 Command Line
Step2: On the Popup window that appears on your screen select "Custom Indicator" and then click next
Adding Custom Indicators on MT4 Platform - Add MT4 Custom Stocks Indicators
Step3: Choose and Enter a Name as Shown Below and then Click Next
Creating Custom Stock Indicator on MetaTrader 4
Step4: Specify if the MT4 Custom Indicator is to appear on a separate window or not, Then Click Finish
Creating Custom MT4 Stock Indicator - How to Create Stocks Trading MT4 Custom Indicators
For an MT4 custom indicator that is a stocks price overlay - do not check this box, and for an oscillator custom MT4 Stock Indicator - for example oscillators such as the RSI indicator or Stochastic Oscillator - check the above option.
The Following Code will appear on the stock trading platform MetaEditor Window
Adding Stocks Trading MetaTrader 4 Custom Indicators on MT4
To program a customized MT4 custom indicator it requires that you are a programmer who knows the C plus plus Object Oriented Programming 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 MT4 Custom Indicator for you.
Step4: Compile
Do not forget to compile, for the MT4 Stocks Trading custom indicator to be recognized by the MetaTrader 4 stocks platform; a stocks trader must compile the program - custom indicator program, then close and restart the MT4 stock platform, just like restarting your computer - you will restart MT4 stock platform so that the newly added stocks custom MT4 stocks indicator can start appearing and be listed on the MT4 Navigator Window - MT4 Custom Indicators Sub Menu.
Compile New Custom Indicator on The MT4 Online Stocks Platform
If there are no Errors, the stocks MT4 custom indicator will be compiled successfully without any error as shown above.
Step5: Restart MetaTrader 4 Stocks online trading platform and the new MT4 stocks 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 MT4 Custom Indicator Added To The Stocks Platform - MetaTrader 4 Custom Indicators
How to Add a Downloaded Custom Stocks Indicator in MetaTrader 4 Stock 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 platform, follow the steps below:
Step 1: On the File Menu of the MetaEditor, Select "Open"
Open a Downloaded Stocks Indicator Using MetaEditor - Stocks Indicators MT4 Custom Indicators
Step 2: Locate the Download Folder from the Popup window that appears as shown 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, restart your MT4 platform and it will now be added on the stock trading platform navigator menu and you can start to trade with it on your MT4 Stocks Platform.
MT4 Custom Indicators Stocks Trading - MetaTrader 4 Stocks Trading Custom Technical Stock Indicators.
