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How To Attach Expert Advisor in MT5 - Guide - English

This document provides steps to attach an expert advisor in the MT5 trading platform. It instructs users to download the EA file from their dashboard, open the MT5 platform, navigate to the files tab and open file data folder to paste the downloaded EA files. It then explains how to find the installed EA in the navigator window and modify its settings by selecting the common and inputs tabs. Finally, it provides instructions to uninstall MT5 if needed.

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The Trading Pit
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0% found this document useful (0 votes)
82 views9 pages

How To Attach Expert Advisor in MT5 - Guide - English

This document provides steps to attach an expert advisor in the MT5 trading platform. It instructs users to download the EA file from their dashboard, open the MT5 platform, navigate to the files tab and open file data folder to paste the downloaded EA files. It then explains how to find the installed EA in the navigator window and modify its settings by selecting the common and inputs tabs. Finally, it provides instructions to uninstall MT5 if needed.

Uploaded by

The Trading Pit
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 9

HOW TO ATTACH

Expert Advisor
in MT5

www.TheTradingPit.com
Login Sign up

1 By now you must already have MT5


downloaded on your computer. Head over
to your TTP Dashboard and download the
EA file to your computer.

Open the MT5 platform, navigate to the


files tab on the top menu and click on
“open file data”.

HOW TO ATTACH EXPERT ADVISOR IN MT5 | TheTradingPit.com 2


Login Sign up

2 From the file data window, click on MQL5, then Experts and finally on the Advisors file.

HOW TO ATTACH EXPERT ADVISOR IN MT5 | TheTradingPit.com 3


Login Sign up

3 Find the two EA files you downloaded, and copy paste them into this folder.

4 Navigate back to the MT5 platform, open the


navigator window.

Select Expert Advisors, right-click on the


“Advisors” file and click on “Refresh”.

HOW TO ATTACH EXPERT ADVISOR IN MT5 | TheTradingPit.com 4


Login Sign up

5 Now the installed EA will be visible on the list as “Risk tool”. Right click on risk tool and click Modify.

6 Under the Common tab make sure both ‘’Allow” boxes are selected as below and click OK.

HOW TO ATTACH EXPERT ADVISOR IN MT5 | TheTradingPit.com 5


Login Sign up

7 Now go to the “Inputs” tab and set the risk parameters you like.

HOW TO ATTACH EXPERT ADVISOR IN MT5 | TheTradingPit.com 6


Login Sign up

6 Below you will also find an explanation of each function of the Risk Management tool

Parameters Functionalities Option 1 Option 2


On - use initial Account Equity/Ignore
Use Initial Account Balance On/Off Off - Ignore initial equity/Add Value
Value
Used only if “Use initial account
Value balance amount Amount of Starting Equity
balance” is OFF

On Global Dropdown On/Off On - Enable Global Dropdown Off - Disable Global Dropdown

Use HWM On/Off On - Consider HWM Off - Ignore HWM

Threshold % % of overall dropdown limit % of Global Dropdown -

Amount in money allowed for overall


Amount $ Ammount -
dropdown limit
On - Close all Trades if global dropdown Off - Don’t Close all Trades if global
Close Trades On/Off
conditions are met dropdown conditions are met
On - Close any new positions instantly if Off - Don’t Close any new positions
Disallow New Trades On/Off
account is breached instantly if account is breached
On - Show Alert when account is Off - Don’t Show Alert when account is
Show Alert On/Off
breached breached
On - Send Email when account is Off - Don’t Send Email when account is
Send Email On/Off
breached breached
On - Push Notification when account is Off - Don’t Push Notification when
Send Push Message On/Off
breached account is breached

On Daily Dropdown On/Off On - Enable Daily Dropdown Off - Disable Daily Dropdown

Off - Ignores HWM and updates each


On - Consider HWM (Don’t Use last EOD
Use HWM On/Off next day initial equity with last EOD
equity Off)
equity

Threshold % % of overall dropdown limit % of Daily Dropdown -

Amount in money allowed Amount in money allowed for overall


Amount $ -
for daily dropdown limit dropdown limit
On - Close all Trades if Daily dropdown Off - Don’t Close all Trades if Daily
Close Trades On/Off
conditions are met dropdown conditions are met
On - Close any new positions instantly if Off - Don’t Close any new positions
Disallow New Trades On/Off
account is breached instantly if account is breached
On - Show Alert when account is Off - Don’t Show Alert when account is
Show Alert On/Off
breached breached
On - Send Email when account is Off - Don’t Send Email when account is
Send Email On/Off
breached breached
On - Push Notification when account is Off - Don’t Push Notification when
Send Push Message On/Off
breached account is breached

General Settings

Check if conditions are met at each ms


Check Delay (ms) ms -
round circle

DebugInfo True/False True - Enable False - Disable

HOW TO ATTACH EXPERT ADVISOR IN MT5 | TheTradingPit.com 7


Login Sign up

Uninstall MT5
Follow the steps below to uninstall MT5 from your desktop.

1 If for any reason you would like to Uninstall


MT5, right click on the application and select
Open file location.

2 You can now see the Uninstall link as per below. Double-click and this will start the uninstalling
process.

You have now successfully uninstalled the MT5 platform from your desktop.

HOW TO ATTACH EXPERT ADVISOR IN MT5 | TheTradingPit.com 8


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