How to run an Expert Advisor on MT5

OW Markets Research Team
1 Min read

Welcome to OW Markets Tutorials 

In this video we show you How to Run a Trading Robot or an expert advisor on metatrader 5 

To start an Expert Advisor, attach it to a chart. The easiest way is to double-click on an Expert Advisor in the Navigator window or drag and drop it to a chart.

If an Expert Advisor has been successfully started, its name and icon appear in the upper right corner of the chart. 

If the icon is Algo Trading disabled, the Expert Advisor is not allowed to perform trading operations. You should Enable Allow Algo Trading in the Expert Advisor settings, as well as in the trading platform options.

The Button Algo Trading on the toolbar enables or disables automated trading in the platform. If you turn it off, automated trading is disabled for all Expert Advisors even if you enable automated trading individually in the Expert Advisors settings.

If you downloaded an external expert, you can add it to the platform by following these steps 

Copy your expert advisor file. 

Open MT5 platform 

Choose “file”, 

"Choose “Open data folder

Open “mql5” folder

Open “experts” folder

Paste the expert file here.

Close the window 

Go to “expert advisors” in the "navigator" panel and refresh it or restart the mt5 platform 

Check your expert advisors.

Drag and drop your expert on the chart to run it. 

If you want to remove the expert, right click on the chart and choose expert list and remove the expert. 

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