I m sure good people would help if you give more information.
What forces a mt4 file to be an indicator. You don t need the source code mq4 file in order to build an mt4 expert advisor ea based on an indicator. If you are wondering how to install a mt4 ex4 file in metatrader 4 then this video is for you. To convert an indicator from mt4 to mt5 you need the indicator s source code mq4 file. If you only have the executable file file with ex4 extension then you need to decompile this file to get the source code file with mq4 extension.
If you are just learning about the ins and outs of mt4 trading platform. I will explain the differences between the two files and which one you really need to start using. I went through the same process when i was starting to trade forex and at first and believe me it can be quite daunting but once you get the hang of it you can close your eyes and do it. Take the custom indicator files from their location on your pc and use ctrl c to copy and paste the files to the open indicators folder then restart your mt4 platform by closing it and opening.
You could ask the authors of those indicators for the code or perhaps to convert them into mt5 maybe they already have converted versions. Each metatrader 4 indicator or add on has a specific purpose so you may want to combine a few of them to implement the ideal strategy for you. Mt4 add ons enable you to customize the mt4 platform to better suit your individual trading needs. Hard to tell if you don t give the name of the indicator or post it here.
As well as the free indicators offered by ig you will also get access to 12 of the most used mt4 add ons. It is a very easy process to install your favorite forex trading indicator in metatrader 4 but it can get tricky for new users.
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