MetaTrader 5 · Setup guide

MetaTrader 5Indicator & EA Guide

New to MetaTrader 5 (MT5)? This quick guide shows how to install and run a custom indicator or Expert Advisor (EA) — the steps are the same for every KenKem MT5 product. Watch the short video below, and read the official MetaQuotes walkthrough for the full details: How to use MetaTrader 5 →

📈Install an indicator

  1. In MT5, open File → Open Data Folder, then go to MQL5/Indicators and copy the indicator's .ex5 file there.
  2. Restart MT5, or right-click the Navigator → Indicators list and choose Refresh.
  3. Open the chart you want, then drag the indicator from the Navigator onto it (or double-click it).
  4. Adjust the inputs, then click OK. You can click Save to store your own settings as a .set file and Load them again later.

🤖Install an Expert Advisor

  1. In MT5, open File → Open Data Folder, then go to MQL5/Experts and copy the EA's .ex5 file there.
  2. Restart MT5, or right-click Navigator → Expert Advisors → Refresh.
  3. Drag the EA onto a chart. In the dialog's Common tab, tick Allow Algo Trading; in Inputs, keep the defaults or set your own parameters and click Save to store them as a .set file (then Load to reuse them later).
  4. Enable the global Algo Trading button in the toolbar. A small smiling face on the chart means the EA is live.

To test an EA before going live, use View → Strategy Tester with Every tick based on real ticks for the most realistic modelling.

📚Read & watch more

For the full, official instructions on installing and using indicators and Expert Advisors, read the MetaQuotes guide: mql5.com/en/articles/994.

The video above is part of a step-by-step MetaTrader 5 tutorial playlist.

Chat