To install our Autotrader you need an account with a Forex broker that support MetaTrader 4 Forex trading software as a primary trading platform. MetaTrader 4 offers Forex traders a very flexible trading environment including trading automation with MT4 Expert Advisors. Almost all MT4 brokers offer easy account opening procedure and accept online payment methods. You can easily download their MT4 platform and open a demo account there in a few minutes.
If you already have an account with MetaTrader4 installed, continue here:
Installation of Metatrading AutoTrader
Download the MetaTrading client from our download page. Open “MetaTradingSetup.exe” and follow trough the installation process. Take note of the installation folder.
Open the installation folder and open your MetaTrader directory. Your Metatrader folder is usually located in Program Files(x86) and may be named slightly different depending on your broker (eg. OANDA – MetaTrader). After you found your MetaTrader directory, open the “experts” folder.
Your screen should now look like this:
- Copy MetaTrading.ex4 into MetaTrader/experts folder
- Copy fxDataExport.ex4 into MetaTrader/experts/indicators
Start up MetaTrader 4. Open charts for the currency pairs you would like to trade by right-clicking on each symbol and choose “chart window” (In our example photo we trade EURUSD and GBPJPY). Now change the chart frequency of each chart to M5 (the button below the toolbar).
Now drag on each chart the Expert Advisor Metatrading which you can find in the navigator. You can specify here all the basic settings. To allow automatic trading, make sure that you have a tick in the “allow live trading“-box.
Launch MetaTrading from your start menu.
Done! Congratulations and happy trading.
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