I’m afraid that most traders aren’t interested in learning about the additional features that the MetaTrader 4 trading platform may offer. This is, by the way, the most widely used online Forex trading platform. I believe we should discuss the creation of MT4 templates, for example.
People search the internet for MT4 Trading Template, and there are so many that is available in the market today. But for me, the best trading template for MT4 is something that you customized for yourself and for your own advantage. Assume we have a trading system in place that incorporates the use of certain indicators configured according to your specifications. In this article we will discuss on MT4 trading templates that we used in RichDadph Trading Community.
Many newcomers have trouble grasping the MT4 terminal. We’ll go over the template installation and activation process in depth in this article. By the way, if you want to add custom indicators to your terminal, go to our members website to learn how to become a VIP member and get the RichDadph Trading Template for free.
Let’s face it, those distinctive “green and black” themed colors can make you cringe when you first load up MT4 and open your first chart. Unless, of course, you enjoy the sensation of peering into what appears to be ‘The Matrix’ code. Thankfully, Metatrader 4 is highly configurable, and you can do some amazing things with chart templates to make your future trading life a lot easier.
There are two sorts of templates available on the internet:
Template only
▶️ In most cases, this is a single *.tpl file. It merely alters the color scheme and display choices for certain tools (for example, it disables a grid on the chart).
Templates with indicators that include several files and folders.
▶️ They add numerous indicators to the chart in addition to typical settings.
What is the purpose of the templates?
The lurid coloring of standard templates irritates me a lot over time. Every self-respecting trader strives to customize his or her terminal to match his or her specific demands and to make it as convenient and attractive as feasible.
Installing a custom indicator on the MetaTrader 4 platform
1. On your computer, locate and copy the MT4 custom indicator file. These are the indicator files for MT4 that you downloaded. The icons appear to be as follows:
2. Open the data folder.
3. Open MQL4 file.
4. Open the indicators folder.
5. Paste the files.
6. Restart MetaTrader 4.
What is a custom indicator and how can you use it on your charts?
1. Log in to your MetaTrader 4 account.
2. Look for the Navigator panel.
3. Locate Custom Indicators in the navigator.
4. Select Custom indicators, and your newly installed indicator should appear.
5. The Indicator Properties window will display when you double-click the indicator.
6. Select OK.
