Trade Panel: Installation instructions

5 March 2024, 15:36
Alfiya Fazylova
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Installing Trade Panel on the MetaTrader platform

Installation of Trade Panel purchased from the mql5.com Market:

1. Log in to the MetaTrader platform

Open the MetaTrader platform, go to the Tools > Options > Community and log in using your MQL5.com account, through which you purchased the Application.


2. Download the Trade Panel application to the terminal

For the MetaTrader 5 platform, in the Navigator window, go to the Market > My Purchases and click Install.


For the MetaTrader 4 platform, in the Terminal window, go to the Market > Purchased and click Install.


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Setting up MetaTrader before using Trade Panel

1. Enable auto trading in MetaTrader

Enable auto-trading in the terminal, to do this, click the button Auto Trading for MT4, Algo Trading for MT5.


2. Uncheck the boxes that disable auto-trading

Go to the Tools > Options > Expert Advisors and uncheck the boxes that disable automatic trading.


3. Disable the display of chart above the panel

For the panel to be above the chart, right-click on the chart, then go to Properties > Common, and uncheck the "Graph on top" option.


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Starting the Trade Panel

1. Install Trade Panel on the chart

In the Navigator window go to Exspert Advisors > Market, right-click on the Trade Panel application and select "Attach to Chart". You can also install an application on the chart by double-clicking on it, or by dragging the application onto the chart.


2. Allow auto-trading for Trade Panel

In the window that opens, go to the Common tab and turn on the "Allow live trading" checkbox for MT4, "Allow Algo Trading" for MT5.


3. Set an identification number for Trade Panel

Go to the Inputs tab, set the "Trade Panel ID" parameter to a unique number and click "OK".

If more than 1 panel is installed in the terminal, then their identifiers "Trade Panel ID" must be different from each other (the terminal should not have panels with the same "Trade Panel ID").


4. Set Magic Number for orders

After starting the application, go to its settings and set the "Magic Number" parameter to a unique number.

Magic Number is the identifier of orders. The panel signs its orders with this identifier and subsequently, using this identifier, identifies its orders among others.

When Magic Number = 0, the panel will not sort orders into yours/others', but will manage all orders on the trading account, regardless of who opened them. The value Magic Number = 0 can be used provided that only one panel is running on your terminal. If more than 1 panel is installed in the terminal, then the Magic Number parameter of each panel must be different from each other and should not be equal to 0 (the terminal should not have panels with the same Magic Number).


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