You must follow some simple processes to install the forex trading system in your MetaTrader 4. Without any delay let’s get started.
Step 1: Download Your Trading System
First of all, you have to figure out which trading system you want to download. At the bottom of the article, you will see a download button. Click it and download the plan.
Step 2: Extract the Downloaded Files and Copy Ex4 files to the Indicators Folders
Once you download the trading system file, extract it. Copy Ex4 and MQL4 files under the indicators folder and paste them to MetaTrader>Files>Open Data Folder> MQL4 >Indicators folder.
Read More: Introduction to Metatrader 4
Once the indicators are copied to the indicators folder, go to MT4 and hit Ctrl+N to open the navigator window. Right-click in the navigator window and select Refresh.
Step 4: Load the Template
Must Read: How to Install Indicators in MetaTrader 4 (MT4): A Step-By-Step Guide
The template does the job of installing the forex trading system easier. You do not have to load every indicator individually; the template will do it for you. Once you refresh the navigator window you will see your indicators list there.
Now, to load templates, right-click on the main chart window and select a template and choose the load template option. Allocate the template file (.Tpl file) which comes with your downloaded system. Once you load your template, you will see your favorite forex trading system at work.
Sometimes if the system doesn’t work as it should, you must restart your MT4. To make sure that your trading system is installed correctly you can simply compare your chart with the images we put in our forex trading system article. You can change the colors of the indicators used in the trading system and you can even change the parameters if you think you should.
6 thoughts on “How to Install Free Trading System in MetaTrader 4 (MT4): A Step By Step Guide”
What’s enc file do you work on EA installation like PWR
What are the right parameters to use in the fx signal indicator itself?
Or should I use it just as it is for scalping?
It’s better to use as it is.
Please can one import custom chart as well in mt4 for is it only in mt5?
download dont work