How to benefit from trading with MT4 custom indicators
MetaTrader4 Platform offers an outstanding opportunity for traders to implement their trading visions of price analysis on practice by allowing to create and add custom Forex indicators.
Even if you are currently trading with a non-MT4 broker and/or never tried MT4 platform before, there is so much custom indicators may offer that it would be unfair to not give them a chance to work for you.
All you need to do is to open a demo account with any of the Forex brokers that use MetaTrader4 platform and continue trading live with your old broker. Or if you like MT4 already, consider moving to a new platform.
A short list of MT4 Forex brokers
The full list of MT4 Forex brokers
Opt for a Forex broker with good reputation; and regulated by local authorities.
For example, the National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) regulate brokers in the United States.
To find out about current status of your US broker go to: http://www.nfa.futures.org/basicnet/
Swiss based brokers must be regulated by the Swiss Federal Department of Finance, and so on.
These regulatory authorities protect investors against brokers' manipulations, frauds and other unfair activities.
How to add custom indicators to MT4 platform
1. Close MT4 platform.
2. On your local disk find the folder you installed MT4 to.
3. Inside it find a folder called "experts", and within it another folder called "indicators".
4. Now, copy your custom indicators as is into the "Indicators" folder.
5. Run MT4 platform.
6. In the upper Menu go to:
"Insert" -> "Indicators" -> "Custom".
You should be able to find there the indicator(s) you've added.
Additional video tutorials:
Happy trading with custom MT4 Forex indicators!