This is for new forex traders.This little tutorial will make your Indicator installation in mt4 like a breeze.
1. First download Forex indicators from this site to your PC.
2.There are two types of Indicator Extensions. .MQ4 and .EX4.MQ4 is Source code of the Indicator. EX4 is Compiled version of the Indicator and It is Ready to use in Metatrader Platform.
3.Close the Metatrader if it is open.
4. Copy the MQ4/EX4 file in to your C:\ Program Files\ MetaTrader 4\ experts\ indicators folder.
5.Now open the Metatrader.
6.Look for "Navigator" Window in the left side of MT4.
7.In Common tab look for Custom Indicators Directory.
8.Search for the indicator just now you have Placed in Indicators Folder.
9.Drag and drop the indicator in to the chart window.
10.you are done installing a Forex Indicator.
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