Learn how to install this Trade Manager MT5 MT4 expert advisor on MetaTrader with this simple step-by-step guide.
📥 How to Install Trade Manager MT5 MT4 Expert Advisor (MT4/MT5)
Installing your Trade Manager MT5 MT4 expert advisor takes just a few minutes and works the same way whether you’re using MetaTrader 4 or MetaTrader 5. Once installed, the EA can manage your trades according to your selected settings. Follow these simple steps to get started:
Step 1: Prepare and Download Files
- Download the Expert Advisor file with the
.ex4extension for MetaTrader 4 or the.ex5extension for MetaTrader 5. - If the downloaded file is in a ZIP archive, extract it first.
Step 2: Move the File to the MetaTrader Folder
- Open your MetaTrader platform.
- From the top menu, click File and then select Open Data Folder.
- In the window that opens, open the MQL4 folder for MetaTrader 4 or the MQL5 folder for MetaTrader 5.
- Open the Experts folder.
- Copy and paste the downloaded Expert Advisor file into this folder.
Step 3: Activate Trade Manager MT5 MT4 in MetaTrader
- Restart MetaTrader, or go to the Navigator panel, right-click on the Expert Advisors folder, and click Refresh.
- Open the chart for your desired currency pair or trading symbol.
- From the left-hand Navigator panel, expand Expert Advisors.
- Find the Trade Manager MT5 MT4 Expert Advisor, click and drag it onto the chart.
Step 4: Final Settings & WebRequest Configuration (Crucial)
In the settings window that appears, make sure the following options are configured correctly:
- Under the Common tab, enable Allow Live Trading or the equivalent algorithmic trading option available in your MetaTrader version.
- Go to Tools > Options > Expert Advisors in MetaTrader.
- Enable Allow WebRequest for listed URL.
- Add the following address to the allowed URL list so the EA can connect properly:
https://precisiontrademanager.com - Configure your risk levels, lot size, and other custom EA settings under the Inputs tab, then click OK.
Important Note: After completing the installation, make sure the AutoTrading or Algo Trading button on the main MetaTrader toolbar is enabled so the EA can operate.
Frequently Asked Questions
Does Trade Manager MT5 MT4 work on both MT4 and MT5?
Yes. The installation steps are almost identical whether you’re using MetaTrader 4 or MetaTrader 5. Just make sure you copy the correct .ex4 or .ex5 file into the corresponding MQL4 or MQL5 folder.
Why do I need to configure WebRequest?
Some features of the Trade Manager MT5 MT4 EA communicate with our servers for functions such as license verification. Without adding our website to the allowed WebRequest list, these features may not function correctly.
What if the EA doesn’t appear in the Navigator panel?
Make sure you copied the file into the correct Experts folder, then right-click on Expert Advisors in the Navigator panel and select Refresh. If it still doesn’t appear, restart MetaTrader completely.
Do I need to reinstall Trade Manager MT5 MT4 every time I restart my computer?
No. Once installed, the Trade Manager MT5 MT4 EA stays in your Experts folder. You may need to attach it to your chart again if MetaTrader is reopened, unless you have saved the EA as part of a chart template or profile.
Ready to Test It Out?
Once your Trade Manager MT5 MT4 is installed and running, explore the full free demo to test its features on AUD/CAD before choosing a paid plan.