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How to install a Tools4Win dashboard in MetaTrader 4

Every download is a ZIP with one .ex4 file. Copying it into the right folder takes about two minutes, and you only do it once per tool.

Step by step

  1. Download and unzip. Each archive holds the .ex4 file, screenshots and a short readme.
  2. Open the data folder. In MetaTrader 4 choose File → Open Data Folder. A file manager window opens.
  3. Copy the file. Put the .ex4 file into MQL4\Experts.
  4. Refresh the list. Right-click Experts in the Navigator panel and choose Refresh, or restart MetaTrader.
  5. Drag it onto a chart. Any symbol and timeframe works — the dashboard reads all pairs on its own.
  6. Allow live trading. In the dialog that opens, switch to the Common tab and tick Allow live trading, so the panel reacts to your clicks. Confirm with OK.
  7. Turn AutoTrading on. The AutoTrading button in the toolbar has to be green.

Nothing shows up?

  • Check the smiling face in the top right corner of the chart. A sad face means live trading is still switched off.
  • Open the Experts and Journal tabs in the Terminal window — the dashboard logs there what it is doing.
  • Make sure the file landed in MQL4\Experts and not in MQL4\Indicators.

Changing the settings

Right-click the chart, choose Expert Advisors → Properties and open the Inputs tab. The list of timeframes, colours and alert options live there. The parameters shared by all dashboards are described on the tools page.

Prefer a video walkthrough? This external guide covers the same steps for MT4 and MT5: forexschoolonline.com.

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