how will I install a custom MQL5 indicator

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I'm a quite new to MetaTrader and I'm trying to start using MetaTrader 5 after a few months with MetraTrader 4. Unfortunately, there is no an original MT5 version of my the most needed indicator iExposure from MT4. Fortunately, on this site I found a homemade converter from MT4 to MT5 version for this indicator.  Unfortunately, I have no idea how should I use this converter to convert iExposure indicator MT4 version of the indicator to the MT5 version, and I couldn't find any guide (yes, I asked Google about! it).  Can anyone help? 

Thank you!

Convert iExposure.mq4 From MetaQuotes
Convert iExposure.mq4 From MetaQuotes
  • www.mql5.com
iExposure will show the opening of trading positions in tabular form in the sub-window below the main window. This allows the trader to see at a glance the positions in the market including the profit value and the amount of risk for each position. The iExposure indicator is a technical tool that is easy to use and very helpful, especially if a trader opens several trades at once with several different instruments. Traders can add the iExposure indicator to any price chart if they wish to use it. By adding the iExposure indicator, traders can also still see tabs of other trading positions for other currencies. Also note that iExposure can also monitor all trading positions, besides being able to make details by displaying one position for one window.
 
leotrade555: Unfortunately, I have no idea how should I use this converter to convert iExposure indicator MT4 version of the indicator to the MT5 version, and I couldn't find any guide (yes, I asked Google about! it).  Can anyone help?

The CodeBase publication you referred too, is not a "converter". The author's English is somewhat "broken".

What they meant is that they converted it themselves. They took the MQL4 version of iExposure and recoded it so it would work on MQL5.

It is not a "Converter". It does not "convert"!

EDIT: "Conversion" needs to be done by human coder, skilled in both languages. There is no "program" that does auto-conversion from MQL4 to MQL5 (at least not as far as I know).

 
Fernando Carreiro #:

The CodeBase publication you referred too, is not a "converter". The author's English is somewhat "broken".

What they meant is that they converted it themselves. They took the MQL4 version of iExposure and recoded it so it would work on MQL5.

Thank you, I see.

But now I have another question. How do I install this indicator (not converter) for MT5 platform? I tried to follow the method found in many articles as eg. this, that means I closed the MT5 session, copied the file Convert iExposure.mq4 From MetaQuotes.mq5  to the MQL5\Indicators  subfolder in my default MT5 data folder and started MT5 again. But I still don't see the new indicator in the available indicators list in the Navigator panel. What did I do wrong?

 

Your topic has been moved to the section: Technical Indicators.

You install it in the same way you did with MT4, just in the MT5 directories.

You place the file in "MQL5\Indicators" as you mentioned. Then you open up MetaEditor, right-click the file, and choose "Compile".

MetaTrader does not always automatically compile source code files when you start it up. It should, but it sometimes fails, so, use MetaEditor to compile it.

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