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 on MetaTrader 4 or MetaTrader 5. Once installed, the EA runs automatically in the background, applying your chosen risk rules to every trade without any manual intervention. Follow these simple steps to get started:
Step 1: Prepare and Download Files
- Download the Expert Advisor file (with the .ex4 or .ex5 extension) from our website.
- If the downloaded file is in a Zip archive, extract it.
Step 2: Move the File to the MetaTrader Folder
- Open your MetaTrader platform.
- From the top menu, click on File and then Open Data Folder.
- In the window that opens, open the MQL4 folder (for MetaTrader 4) or MQL5 folder (for MetaTrader 5).
- Open the Experts folder.
- Copy and paste the downloaded Expert Advisor file into this folder.
Step 3: Activate in MetaTrader
- Restart MetaTrader (or go to the Navigator panel, right-click on the Experts folder, and click Refresh so the EA appears).
- Open the chart for your desired currency pair or symbol and set the specific timeframe recommended for the EA.
- From the left-hand panel (Navigator section), expand Expert Advisors.
- Find our Expert Advisor name, click and drag it, and drop it onto the chart (Drag & Drop).
Step 4: Final Settings & WebRequest Configuration (Crucial)
In the settings window that pops up, make sure to configure the following:
- Check the “Allow Live Trading” option (under the Common tab).
- Check the “Allow DLL Imports” option (if required).
- Configure WebRequest: Go to the Tools > Options > Expert Advisors tab in MetaTrader, check “Allow WebRequest for listed URL”, and add the address below 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, ensure that the AutoTrading button on the main top toolbar is Green so the EA has permission to execute trades.
Frequently Asked Questions
Does this work on both MT4 and MT5?
Yes. The installation steps are identical whether you’re using MetaTrader 4 or MetaTrader 5 — just make sure you’re copying the file into the correct folder (MQL4 or MQL5) for your platform.
Why do I need to configure WebRequest?
Some features of the Trade Manager MT5 MT4 EA communicate with our servers for license verification and updates. Without adding our URL to the allowed WebRequest list, these features won’t 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 it every time I restart my computer?
No. Once installed, the Trade Manager MT5 MT4 EA stays in your Experts folder. You’ll just need to drag it back onto your chart if MetaTrader closes and you reopen it, unless you’ve saved it as part of a chart template.
Ready to Test It Out?
Once your Trade Manager MT5 MT4 is installed and running, explore the full free demo to test every feature on AUD/CAD before choosing a paid plan.