Now there “MT4 for Mac” Let’s talk about so-called solutions. I would not advise them. But if you want to use them, how do you set up custom indicators and EAs. This method works with all of our MetaTrader 4 EAs and indicators.
I also advise on how they work behind the scenes, why I should never use them, and what to do instead.
This video will show you how to do this, but if you prefer the text version, it’s provided below the video.
How to add a custom indicator
In this tutorial, we will look at the XM solution. I don’t support them, but they are the most popular out there “MT4 for Mac” solution, so I use XM as an example.
To get started, first install the XM software. Then open Finder and go to your apps.
Find the XM MT4 icon.
Then go to: disk_v > Program files (x86) > XM MT4 > MQL4 > Indicators
Drag your indicator to this folder.
By the way, this file path on the XM website is incorrect. So make sure you follow these instructions, not their instructions.
If you want to install Expert Advisor (EA), push it inside Experts folder.
After you have moved your custom indicator or EA to the desired folder, restart MetaTrader 4. After restarting, your custom plugin will be ready to use.
What happens if my schedule settings are not saved?
After restarting MT4, there may be a problem where your graphics settings can be restored.
Yes, it is very boring.
One of the temporary solutions is to create this diagram template.
To create a template, set the diagram exactly as you want. Then right-click on the chart and select: Template > Save template…
If you want this template to be an auto-loading template when MT4 starts, save it as follows The usual, “D.” with capital
“MT4 for Mac” final ideas on the use of solutions
As I mentioned at the beginning, I do not recommend using these types of solutions for trading. The bottom line is that companies like XM use a software suite called Wineskin to convert the MT4 version of Windows to a program that runs on a Mac.
Since MT4 doesn’t work locally on a Mac, I’ve seen some issues … for example, tables aren’t saved. It is better to run something like VMWare Fusion or Parallels on a Mac and then run MT4 on a virtual machine.
You can also use things like Bootcamp for Mac, which allows you to start your computer on macOS or Windows. Bootcamp is free with macOS, only you have purchased a Windows license.
My favorite solution is to buy a cheap Windows laptop or a small form factor desktop and run MT4 there. You can then use Remote Desktop on a Mac to remotely control a Windows computer and use MT4. That solves it all Compatibility issues when running MT4 on a Mac.
But if you don’t want to spend a lot of money, the XM MT4 solution for Mac can be a good start. This will cause you problems.
You just have to decide if you are ready to face the challenges.