Adding MT4 Expert Advisors (EAs) and indicators directly to an MT5 terminal isn't straightforward because MT4 and MT5 use different programming languages. Here are simplified options and explanations:
Simple Solutions:
Use External Conversion Tools: There are some tools and services online that can help convert MT4 EAs and indicators to MT5 format. These services often provide a more user-friendly way to convert your files without needing coding skills.
Example: You can search for “MT4 to MT5 EA converter” online to find tools that can help with this process.
Download MT5-Compatible Versions: Many popular MT4 EAs and indicators have already been rewritten for MT5. Check with the original developer or on trading forums and websites to see if an MT5 version is available.
Why Direct Addition Doesn’t Work:
Different Programming Languages: MT4 uses MQL4 and MT5 uses MQL5. These languages have different structures and functionalities, making direct addition impossible without conversion.
Incompatibility: EAs and indicators need to be reprogrammed to be compatible with the MT5 platform’s environment.
Recommended Approach:
If you’re not comfortable with converting the code yourself, consider these steps:
Check for MT5 Versions: Look for MT5 versions of your favorite MT4 EAs and indicators. This can often be the easiest solution.
Hire a Professional: If you need a specific EA or indicator converted, you can hire a freelancer from platforms like Upwork or Fiverr to do the conversion for you.
Use Conversion Services: Some websites offer conversion services that will convert your MT4 tools to MT5 for a fee.