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Installation Guide

How to install indicators, expert advisors & scripts

📊 What is an Indicator?

An indicator is a technical analysis tool that overlays on your chart or appears in a separate window. It helps you identify trends, entry/exit points, and market conditions. Indicators do NOT trade automatically — they only display visual signals.

Step-by-Step Installation

Download the file

Download the .ex4 file from your dashboard or the product page. The file will be saved to your Downloads folder.

Open MetaTrader 4 Data Folder

In your MetaTrader 4 terminal:

File → Open Data Folder

This will open a Windows Explorer window with the terminal's data directory.

Copy the file to the correct folder

Navigate to the following folder and paste your file there:

MQL4\Indicators

💡Place only compiled .ex4 files here. If you have source code (.mq4/.mq5), it goes into the same folder — MetaTrader will compile it automatically.

Refresh or restart the terminal

In the Navigator panel (Ctrl+N), right-click on the "Indicators" section and select "Refresh". Or simply restart the terminal.

Navigator (Ctrl+N) → Indicators → Right Click → Refresh

Attach to a chart

Double-click the indicator name in the Navigator panel, or drag and drop it onto your chart. A settings window will appear — configure the parameters and click OK.

Enable DLL Imports (Required!)

This step is required! Our indicators use DLL imports for license validation and internet access. Without this setting enabled, the indicator will not work.

In MT4: Tools → Options → Expert Advisors

✅ Check "Allow DLL imports"

Also, when attaching the indicator to a chart, in the popup window go to the "Common" tab and make sure these are checked:

☑️ Allow DLL imports☑️ Allow external experts imports

File Types Reference

.ex4Compiled file (ready to use)

.mq4Source code (editable)

.setPreset / settings file

Folder Structure

📁 MQL4/
├── 📁 Indicators/    ← place .ex4 indicator files here
├── 📁 Experts/       ← place .ex4 EA files here
├── 📁 Scripts/       ← place .ex4 script files here
├── 📁 Include/       ← shared code libraries (.mqh)
├── 📁 Libraries/     ← DLL and library files
└── 📁 Files/         ← data files used by EAs/indicators

🔧 Troubleshooting

Q: Indicator/EA doesn't appear in Navigator

A: Make sure the file is in the correct folder, then right-click in the Navigator panel and select "Refresh". If it still doesn't appear, restart MetaTrader.

Q: EA is not trading (no trades opened)

A: Check that "Algo Trading" is enabled (green button in toolbar). Also verify the EA settings — some EAs require specific lot sizes, timeframes, or symbols.

Q: "License validation failed" error

A: Make sure your trading account number matches the one registered in your IndicoLab account. The indicator validates your account number on every launch.

Q: DLL imports blocked

A: Go to Tools → Options → Expert Advisors and check "Allow DLL imports". Some indicators require internet access via DLL for license validation.

Need Help?

If you have any issues with installation, contact us through the support chat in your dashboard.

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