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MetaTrader 4.0 Custom Indicators


CompassFX is glad to provide our clients access to several custom indicators designed to run on MetaTrader 4.0.  Custom indicators are designed with advanced programming techniques to analyze a variety of market conditions.

Review each custom indicator to determine if it matches your trading style.  Some of these custom indicators were provided through open forums on the internet.  Therefore, first examine the functionality and usefulness of a custom indicator.  Like with any technical indicator, determine if it works before using it to make trading decisions.  

Installation instructions for MetaTrader 4.0 Build 509:

1. Close MetaTrader 4.0.

2. Right-click on an indicator link below.

3. A pop-up window will appear.

4. Click "Save Target As" or "Save Link As".

5. Save the file to your MT4 folder: C:\Program Files\MetaTrader 4\experts\indicators

6. Open the MetaTrader 4.0 platform to complete the installation.

7. Locate the custom indicator in the Custom Indicator folder in the Navigator window.

8. Double-click the custom indicator to place on a chart.

Installation instructions for MetaTrader 4.0 Build 600 and higher:

1. Right-click on an indicator and select "Save As".
2. Save the indicator to your desktop.
3. Open MetaTrader 4.0.
4. Click on File in the top menu bar.
5. Select "Open Data Folder".
6. In the Open Data Folder, click the MQL4 folder.
7. In the MQL4 folder, click the Indicators folder.
8. Copy & paste Synergy indicators in the Indicator folder.
9. Close the Indicator folder window.
10. Close and reopen the MT4 platform.

For assistance, please contact our office: support@compasssfx.com.














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