- Download the 4x Wealth Hunter .ex4 file.
- Open MT4 and click on ‘File’ > ‘Open Data Folder’.
- Go to the ‘MQL4’ > ‘Experts’ folder and copy the .ex4 file there.
- Close the Data Folder and restart MT4.
- In the ‘Navigator’ window, drag the 4x Wealth Hunter onto your chart.
- Enter the license key in the settings window.
- Adjust any other settings, if needed and click ‘OK’.
Step 1: Copy the EA file to the MT4 folder 📁
The first step is to copy the EA file to the MT4 folder, where the MT4 platform can recognize and load it. The EA file is usually a file with the extension .ex4 or .mq4, and you should have received it from the EA provider when you purchased or obtained the license key.
To copy the EA file to the MT4 folder, follow these steps:
- Locate the EA file on your computer and copy it.
- Open the MT4 platform and select
File
from the main menu, then click onOpen Data Folder
. - A new folder panel will appear. Select the
MQL4
folder, followed by theExperts
folder. - Paste the EA file into this folder. You may need to grant admin permission to make changes to the folder.
- Restart the MT4 platform for the changes to take effect.
You can watch this video for a visual demonstration of this step: How to Install an EA to MT4
Step 2: Enable auto trading and allow DLL imports ✔️
The next step is to enable auto trading and allow DLL imports on the MT4 platform. These are necessary for the EA to function properly and communicate with the license server.
To enable auto trading and allow DLL imports, follow these steps:
- On the MT4 platform, go to the
Tools
menu and selectOptions
. - In the
Options
window, click on theExpert Advisors
tab. - Make sure that the boxes for
Enable Expert Advisors
andAllow DLL imports
are checked. - Click
OK
to save the settings.
You can watch this video for a visual demonstration of this step: How to Enable Auto Trading and Allow DLL Imports on MT4
Step 3: Drag and drop the EA onto a chart 📊
The third step is to drag and drop the EA onto a chart of your preferred currency pair and timeframe. This will attach the EA to the chart and allow you to adjust the settings and parameters of the EA.
To drag and drop the EA onto a chart, follow these steps:
- On the MT4 platform, go to the
Navigator
panel and click on the+
sign under theExpert Advisors
section to view the available EAs. - Select the EA you want to use and drag and drop it onto a chart of your preferred currency pair and timeframe.
- A window will pop up with the EA settings. You can adjust the parameters according to your preferences and the EA documentation.
- Make sure that the box for
Allow live trading
is checked under theCommon
tab. This will enable the EA to open and close trades automatically.
You can watch this video for a visual demonstration of this step: How to Attach an EA to a Chart on MT4