EA (Expert Advisor) is automatic trading, it can replace traders in placing orders from a preset strategy.
Step 1: Download the EA to your computer.
Step 2: On MT5 Dashboard, click [File] - [Open Data Folder].
Then click [MQL5], click [Experts], copy the downloaded EA and paste it there.
Step 3: In MT5, click [Navigator], click [Expert Advisors], right-click and click [Refresh] to show the EA.
The EA will appear as follows:
Step 4: Left-click on the EA and hold to drag the EA to the chart, click the following parameters:
- Click the Algo Trading.
- Click Common.
- Click Allow modification of Signals settings.
- Click Allow Algo Trading.
- Click OK.
Step 5: After installation, you need to pay attention to the Algo Trading icon in the toolbar. If it is displayed as shown below, then your EA installation is successful.
***Note: If the installation fails, the Algo Trading icon will display as shown below. This is because you have not clicked on the Allow Algo Trading. You need to do the same as in step 4.