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.

#2 Installing the Expert File
Once the window opens, navigate to the "MQL5" folder.

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.

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

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".

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