How to Install Free Trading System in MetaTrader 4 (MT4): A Step By Step Guide

You just have to 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

Download Button

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 system.

Step 2: Extract the Downloaded Files and Copy Ex4 files to Indicators Folders

Open Data folder
Open Data folder

Once you download the trading system file, extract it. Now, copy Ex4 and MQL4 files under indicators folder and paste it to MetaTrader>Files>Open Data Folder> MQL4 >Indicators folder.

Read More: Introduction to Metatrader 4

Step 3: Refresh the Navigator Pane

Once the indicators are copied to the indicators folder, go to MT4 and hit Ctrl+Nto open navigator window. Right-click in the navigator window and select refresh.

Step 4: Load the Template

Loading template
Loading 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 each and every indicator individually; 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 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 on 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.

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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

4 thoughts on “How to Install Free Trading System in MetaTrader 4 (MT4): A Step By Step Guide”

  1. What are the right parameters to use in the fx signal indicator itself?
    Or should I use it just as it is for scalping?


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