How to Install and Add an Expert to MT5 Platform [Visual Guide]

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Experts are intelligent tools in financial market trading that enable the automated execution of trading strategies.

Designed for automated trading, Experts can be downloaded from the MQL5 website and used in MetaTrader 5.

Steps to Install an Expert on MetaTrader 5

To use an Expert after downloading its executable file, installing it in MetaTrader 5 is necessary.

The installation process includes transferring the file to specific folders within the software and activating the Expert in the trading environment.

#1 Access the "Open Data Folder" Section

To install an Expert in MetaTrader 5, click the "File" option in the toolbar at the top of the page and then select "Open Data Folder." This will direct you to the software's data folder.

Installing an Expert
Installing an Expert in MetaTrader 5

#2 Installing the Expert File

Once the window opens, navigate to the "MQL5" folder.

Transferring the Expert's executable file
Installing the "Expert" file

At this stage, move the Expert's executable file to the "Experts" folder within the "MQL5" directory. Then, close and reopen MetaTrader 5 to load the Expert.

Transferring the Expert file
How to install an Expert on the MT5 platform

#3 Running the Expert in MetaTrader 5

After reopening MetaTrader 5, go to the "View" menu and click "Navigator" to run the Expert.

Adding an Expert
To add an Expert to the MetaTrader 5 platform, click "Navigator."

Select the desired Expert and drag it onto the chart from the "Expert" section in the "Navigator" window. Then, activate the "Algo Trading" option and confirm by clicking "OK".

Running the trading robot
Confirmation and execution of the Expert in MetaTrader 5

Finally, after installation and setup, the Expert will be activated on the chart and ready for automated trading.

FAQs

How can I install an Expert in MetaTrader 5?

Copy the Expert's executable file into the "Experts" folder and restart MetaTrader 5.

Do Experts work on demo accounts?

Yes, Experts can be used on demo accounts to test strategies.

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