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24
EA, indicators & objects (PC)
Install custom indicator
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Updated
On MT4/MT5, you can install indicators of your choice aside from the pre-installed technical indicators. The indicators installed by users are called custom indicators.
EA, indicators & objects (PC)
Backtest Expert Advisor (EA)
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You can perform backtests on automated trading programs known as Expert Advisor (EA) using MT4/MT5's Strategy Tester feature. Here we will look at how to perform Expert Advisor (EA) backtests on MT4/MT5.
EA, indicators & objects (PC)
Save Expert Advisor (EA) testing report
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Here we will look at how to save an Expert Advisor (EA) testing report on MT4/MT5. With MT4/MT5's Strategy Tester feature, you can save a result of the Expert Advisor (EA) backtest.
EA, indicators & objects (PC)
Install Expert Advisor (EA)
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To use a third-party Expert Advisor (EA), you must first install it on MT4/MT5. Save the Expert Advisor (EA) files to the "Experts" folder of MT4/MT5, and restart MT4/MT5 to complete the installation.
EA, indicators & objects (PC)
Create Expert Advisor (EA)
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Updated
On MT4/MT5, you use a programming tool called MetaEditor and a dedicated language called MQL4 or MQL5 to create an Expert Advisor (EA).
EA, indicators & objects (PC)
Create indicator
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If you wish to create an indicator on MT4/MT5, you can do so by using a tool called MetaEditor, which uses a special programming language for MT4/MT5 called MQL4/MQL5.
EA, indicators & objects (PC)
Change language on MetaEditor
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MT4/MT5's MetaEditor supports a total of 33 and 52 languages respectively. After changing the display language, you will need to restart MetaEditor, which is a tool for developing Expert Advisors (EA) on MT4/MT5.
EA, indicators & objects (PC)
Set global variables
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On MT4/MT5, you can set global variables, which are stored in MT4/MT5 itself independently of programs such as Expert Advisors (EA) and indicators.
EA, indicators & objects (PC)
Use Expert Advisor (EA)
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Updated
On MT4/MT5, you can use an automated trading program called Expert Advisor (EA). Here we will look at how to use an Expert Advisor (EA) on MT4/MT5.
EA, indicators & objects (PC)
Use Fibonacci tools
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On MT4 / MT5, you can use the six technical indicators based on the Fibonacci sequence: Fibonacci retracement, Fibonacci time zones, Fibonacci fan, Fibonacci arcs, Fibonacci channel, and Fibonacci expansion.
EA, indicators & objects (PC)
Draw Andrews' Pitchfork
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On MT4/MT5, you can draw the Andrews' Pitchfork made up of 3 parallel lines. The line on top represents the resistance line and the bottom represents the support line. Use it to predict break points.
EA, indicators & objects (PC)
Draw regression channel
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On MT4 / MT5, you can draw the linear regression channel based on the ideas of statistics and linear regression. It is made up of 3 lines: the linear regression line, and 2 lines on top and bottom. The line above represents the resistance line and the bottom line represents the support line.
EA, indicators & objects (PC)
Draw standard deviation channel
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On MT4/MT5, you can draw the standard deviation channel made up of 3 lines, the linear regression line and the 2 lines above and below it. This technical indicator is based on the ideas of statistics, linear regression, and standard deviation. Use it to predict break points.
EA, indicators & objects (PC)
Draw equidistant channel
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On MT4 / MT5, you can draw the equidistant channel consisting of the trendline and the channel line parallel to the trendline. Draw the trendline first, then adjust the channel line accordingly.
EA, indicators & objects (PC)
Use Gann tools
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On MT4) / MT5, you can draw Gann line, Gann fan, and Gann grid based on the Gann theory, developed by the legendary trader W.D.Gann (USA). This theory is used for identifying trend reversals.
EA, indicators & objects (PC)
Draw trendline
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On MT4/MT5, you can draw trendlines, trendlines by angle, and cycle lines. They are often used to read and analyze trends, momentum, and cycles of the market.
EA, indicators & objects (PC)
Manage multiple objects
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On MT4/MT5, you can edit the object settings by right-clicking an object on a chart and selecting Properties. If there are multiple objects on a chart, use the object list to easily change settings for multiple objects simultaneously.
EA, indicators & objects (PC)
Add on-balance volume to chart
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On MT4/MT5, you can display the On-balance volume (OBV). This volume-based indicator helps you determine trends with a simple calculation that only adds or subtracts the volume.
EA, indicators & objects (PC)
Draw vertical/horizontal line
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On MT4/MT5, you can display a vertical line parallel to the price axis or a horizontal line parallel to the time axis. Use the vertical line to highlight the time, and use the horizontal line to highlight the price. Vertical/horizontal lines can be displayed from the menu or toolbar.
EA, indicators & objects (PC)
Delete multiple objects at once
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On MT4/MT5, you can delete multiple lines and other objects on the chart at once.
