To start the entire process, let’s look at the installation of any automatic Forex trading advisor. Fortunately it is the same for all types of Forex trading bots:
1. Metatrader 4/5 trading Forex advisors usually have one of the two extensions: .ex4 or .mql. However, sometimes they come with a number of technical indicators and libraries that need to be installed for correct operation as they are not included in the standard configuration of the Forex trading terminal.
2. Copy the advisor file (.ex4 or .mql).
3. Open the folder where the MT4 terminal is installed.
1. Metatrader 4/5 trading Forex advisors usually have one of the two extensions: .ex4 or .mql. However, sometimes they come with a number of technical indicators and libraries that need to be installed for correct operation as they are not included in the standard configuration of the Forex trading terminal.
2. Copy the advisor file (.ex4 or .mql).
3. Open the folder where the MT4 terminal is installed.
