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How to Install and Remove an Automated Trading System (EA) ?

642 views 1 August 8, 2023

We will show you how to install an existing automated trading system. Although (the system is pre-configured on MT4 and MT5), traders can also design their own automatic trading systems.

How to set up

From the MQL4 and MQL5 websites, which are the official MetaTrader sources, download the automated trading system. To download the file, you must register for an account on this website.
Open MT4 or MT5 depending on the trading terminal you use. If you don’t have both versions Visit this link to find out how to install MT4 or MT5.
Open File > Open Data Folder to locate the downloaded file and copy it to MQL4/5 > Experts.
1. These files must be copied to the appropriate folders, MQL4/5 > Libraries and MQL4/5 > Settings, depending on whether the automated trading system needs libraries (.dll files) or settings (.set files).
2. Usually the automated trading system will direct you to the location of additional files if needed.
Restart MT4/5
Open Tools > Options and go to the Auto Trading System (EA) tab.
Select the box to allow automatic trading, then click OK
1. Select Allow DLL imports and/or Allow WebRequest for the URLs listed. If you know that your automated trading system requires a .dll file and/or a connection to the given URL.
2. Please check the requirements of the automated trading system. This is due to the possibility of different terms based on the license being utilized.
By clicking the + symbol (for MT5, it is Expert Advisors > Advisors) in the Navigator window, you may access the Expert Advisors information box.
Find your automated trading system. Then click and drag over the window of the financial instrument of your choice. This will show you the settings that your automated trading system allows. Once done, click OK and the automated trading system will be installed.

How to Remove EA from the Program ?

Click the right button on the financial instruments graph where the EA is installed.
Select Expert Advisors > Remove for MT4, then Expert List > Remove (selected EA for MT5)
That’s all. The EA will be removed from the financial instrument graph window.

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