MT5 Forex Platform MetaEditor Guide: Adding Custom Indicators
MT5 Trading Platform Command Line - The MetaEditor language Editor is a programming environment on the MT5 that forex traders can use to add new MT5 Custom Indicators, Scripts, Libraries and Include Files which are used on MT5 programming - MT5 Command Line Programming Editor. The MT5 Forex Platform MetaEditor or MT5 Command Line MetaEditor is commonly used by Forex Traders who use Automated Forex Trading Automated Forex EAs to place forex trades. In this Best MT5 Custom Indicators forex trading tutorial we shall look at how to add a custom indicator on the MT5 platform using the MetaEditor, to learn how to add a new MT5 Automated Forex EA Automated Bot you can navigate to the: Adding a new MT5 Automated Forex EA Forex Guide.
The MT5 online trading platform Meta Editor environment is displayed and illustrated below.
MetaTrader 5 Online Trading Platform MetaEditor Environment - MT5 Trading Platform Command Line
Meta Editor Menu - MT5 Command Line Meta-Editor Menu
On MT5 Forex trading platform, after adding a Indicator a trader will need to compile this newly added forex custom indicator item so that it can now be recognized by the MT5 Trading Platform & start to appear on the MT5 platform Navigator Window in the MT5 Custom Indicators Sub Menu.
Adding a New Custom Indicator in MT5 - Best MT5 Custom Indicators Tutorial
After you have opened the MetaQuotes Language Editor - MT5 Trading Platform Command Line Meta Editor - on your Forex trading platform as shown above (Short Cut Key - Press F4), you can then follow the guide lines below:
Step1: Go To File Menu, Then Choose 'New'
Adding Custom Indicators on MetaTrader 5 - How to Add MT5 Custom Indicators Forex
Step2: On the Popup window which pops on your screen choose 'Custom Indicator' & then click next
Adding Custom Indicators on MetaTrader 5 - Add MT5 Custom Indicators
Step3: Choose and Enter a Name as Shown Below & then Click Next
Creating Custom Indicator on MetaTrader 5 Software
Step4: Specify if the MetaTrader 5 Custom Indicator is to appear on a separate window panel or not, Then Click on Finish
Creating Custom MT5 Indicator - How to Create Forex MT5 Custom Indicators
For an MT5 custom indicator that is a price overlay - do not check this box, and for an oscillator custom MT5 Indicator - for example oscillators such as the RSI technical indicator or Stochastic Oscillator - check the above option.
The Following Program will pop up on Forex trading software MetaEditor Window
Adding Forex MT5 Custom Indicators in MT5 Software
To program a customized MT5 custom indicator it requires that you are a coder who knows C + + Object Oriented Coding Language, which is the programming language that the MQL4 programming language uses in the programming of the MT5 Forex trading software. Or you can find the community of MQL4 Programmers and they can program the MT5 Custom Indicator for you.
Step4: Compile
Don't forget to compile, for MetaTrader 5 Forex custom indicator to be recognized by the MT5 platform: a trader must compile the program - custom indicator program, then close and restart the MT5 platform, just like restarting your computer - you will restart MT5 forex platform so that the newly added forex custom MT5 indicator can begin appearing and be listed on the MT5 Navigator Window - MT5 Custom Indicators Sub Menu.
Compile New Custom Indicator on MetaTrader 5 Online Software
If there are no Errors, the forex MT5 custom indicator will be compiled successfully without any error as shown above.
Step5: Restart MT5 Forex online trading software and the new MT5 forex custom indicator should now be listed on the MetaTrader 5 Navigation Menu as shown below and you can start trading with new added MT5 custom indicator.
New MT5 Custom Indicator Added To The Platform - MT5 Custom Indicators
How to Add a Downloaded Custom Indicator in MT5 Software
If you download MT5 custom indicator from a source on the inter-net for example on www.tradegoldtrading.com, and it is now on your computer - to add it to the MT5 Forex trading platform, follow steps below:
Step 1: On File Menu of the Meta Editor Window, Select 'Open'
Open a Downloaded Indicator Using MetaEditor - Indicators MT5 Custom Indicators
Step 2: Locate Download Folder from the Pop up window panel that pops up as illustrated below.
Step 3: Once you open the download MT5 custom indicator that you have downloaded from an internet source it will be displayed on the MetaEditor MT5 Work Space - you can then follow the above procedure for compiling the download MT5 custom indicator, once it is compiled without errors, restart your MT5 Forex platform and it will now be added on the Forex platform navigator menu and you can start to trade with it on your MT5 Platform.
MT5 Custom Indicators Forex - MT5 Forex Custom Indicators.
