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https://bestforextools.net

Important Notice

You should use this Forex Tool on a VPS to make sure that it trades 24/7. We
recommend you a DigitalForex VPS because it has a very low latency to many Forex
brokers and the price starts as low as $9.99.

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 How To Install a Forex Tool on your DigitalForex VPS

The MT4/MT5 trading platform is very versatile, and allow users to add different
types of expert advisors and indicators for trading. With the DigitalForex
membership, you get access to many expert advisors and technical indicators which
you can download from our website and install them into your MT4/MT5 trading
terminal on your Forex VPS. This tutorial explains how to install an expert advisor
in Metatrader 4. It is very straightforward, and anyone can complete it.

Step 1: Transferring the files to your Forex VPS

• You find all available expert advisors and technical indicators by clicking on
“Forex Tools” in the menu on our homepage.
• Select and download the expert advisor you intend to install on MT4.
• If you browse our website from your home computer and copy/paste it to your
Forex VPS by using CTRL+C and CTRL+V.
• On the MT4/MT5 terminal, click on the “File” tab found on the top navigation
menu. Then, click on the “Open Data Folder” on the drop-down menu.
 Open Data Folder

• If you intend to install an expert advisor in Metatrader 4, double-click on the

“MQL4” folder and then the “Experts” folder.
• If you intend to install an expert advisor in Metatrader 5, double-click on the
“MQL5” folder and then the “Experts” folder.

• Transfer the copied files by pasting them on the opened folder.

• On the MQL4/MQL5 directory, you can also install indicators and scripts—on their
respective folders as indicated below.

Step 2: Install the expert advisor on the chart

• To make sure the robot is available for installation, refresh “Navigator” panel or
restart your MT4/MT5 trading platform.
• Look for the EA under the “Navigator” panel on the left side of your trading
platform. Click on the “Plus” sign and the robots available for use will be
displayed.
• Install the EA on the MT4/MT5 chart by dragging and dropping it onto your
preferred currency pair and time frame. For example, if the EA is suitable for
trading the EUR/USD pair on a 1-hour timeframe, attach it to that particular
chart.

Step 3: Modify the settings

• On the “Tools” menu, click “Options”.

• On the popped-up box that appears, under “Expert advisors”, make sure the
settings are checked as shown below before clicking “Ok”.
• You need to complete this step before you attach Forex EA to the chart.

• A quick way of doing this is to go to the “Autotrading” button found on the top of
the platform and activating it for live trading. It will show a green color.

• Furthermore, if a popped-up box appears with your EA’s settings, please check
the basic settings before clicking “OK.”
• Usually, “Allow live trading” and “Allow DLL imports” are required for the Forex
EA to work. However, each EA can have their requirements.
 Step 4: Start trading

• If the installation is successful, you’ll see a smiling face on the top right-hand
corner of the MT4/MT5 platform. It indicates that your robot is ready for trading.
• It’s important to note that before launching your forex robot for live trading, you
should try it out under simulated forex trading conditions. This way, you can be
able to tell its profitability and make appropriate adjustments to maximize its
performance.
That’s how to add an expert advisor in MT4/MT5!
 What To Do If Expert Advisor Is Not Working?

After completing all the stages on how to install a forex robot in MetaTrader 4, you
may still find that your expert advisor is not working correctly.
As such, you’ll need to troubleshoot the robot and fix any problem it may be
experiencing. Various issues can cause an EA to malfunction.

If your expert advisor is not working, the first thing you should check various
parameters.

The following options should be selected (as highlighted earlier):

• “Autotrading” option (showing green color)

• “Allow live trading”
• “Long & Short” positions
• “Allow DLL imports” option (for some robots)
• “Allow import of external experts” (usually optional)
Most of these options are disabled by default. For example, Autotrading is disabled
by default for your safety. If you were a newbie and accidentally run an EA, it
could lead to massive damage to your account.

Therefore, the feature is disabled (showing red color) to safeguard traders from
such costly mistakes.

Furthermore, if the “Allow live trading” option is not enabled, the EA will not be
able to trade on its own.

Once the option is selected, the robot has the green light to make trade decisions
without your direct intervention.

Also, you should check for the following error messages:

• Error messages at the “Experts” section at the bottom of the trading platform
• Error messages at the “Journal” section at the bottom of the trading platform
• Error messages due to a poor connection between the trading terminal and the
broker’s server
• Error messages due to a poor Internet connection
• Error messages due to unauthorized use (“Cannot load …”). You can use the
expert advisors and indicators on your DigitalForex VPS only. It does not work on
any other VPS or on your home computer.
If you discover any error messages after completing the process of how to install
the forex robot, you should correct them as proper to make sure optimal
performance of your robot.
If you look at the error messages keenly, you can find solutions to most of the
problems your EA could be experiencing.

The tabs found at the bottom of the trading platform contain various sections that
log every action the EA is performing and thus can tell you of any errors.

Your Metatrader terminal logs all expert advisor activity and errors in the “Experts”
and “Journal” tabs at the bottom of MetaTrader terminal window. Additionally, all
these messages the terminal store in the MT4 log files you can access anytime later
should you need to troubleshoot the installed expert advisor.
After you’ve ensured the various parameters are checked and corrected error
messages, but your EA is still not working, you should re-read the instruction
manual and double-check that you followed the stipulated instructions.

Importantly, to make sure the success of the process of how to install forex robot
MetaTrader, you should also try restarting your trading terminal.

You can close the MT4 platform and start it again after a few seconds.

This way, the terminal will refresh and pick the latest changes made to it, ensuring
peak performance.