![]() ![]() Open MT5 and go to: File > Open Data Folder Step 2: Launch MetaTrader 5 and Install the Indicator Locate the download in and keep that window open for the next step. In this example, I clicked on the link circled above to download the indicator in. I don’t know what this indicator does, but I’m just going to use it to show you how to install a MT5 indicator. That said, I chose to download the Pip Chart indicator. Using one of these indicators is like asking any random person off the street to fix your car. You don’t know who created these indicators and how well the indicators actually work. To be clear, I don’t recommend that you actually use any of the indicators in the MQL5 library for live trading, unless you know how to code in MQL5 and understand the source code 100%. If you don’t have an indicator at the moment and you want to follow along with this tutorial, feel free to download one from here. ex5 format.įor this example, I selected a random free indicator from the MQL5 library. SEE ALSO: 9 Simple Ways to Grow a Small Trading Accountįirst, download the indicator to your computer.
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