Can MT4 EA run on MT5?
Converting an MT4 EA to Work on MT5
Technically speaking, it is not possible to use an MT4 EA on MT5 the way it is. Any conversions will require some elements of modification to the existing MQ4 source file of the EA so that it can work on MT5.
What is EA in MT5?
A Forex EA is an automated system, which monitors the Forex markets and provides signals upon identifying trading opportunities. Some of them allow traders to fully customise their trading systems, and then use them on a personal account, such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
How do I add EA to MetaTrader 4?
To add an EA, open MT4 and then go to ‘file’ and then ‘open data folder’. Choose ‘MQL4’, and then ‘expert advisors’ or ‘indicators’. You can then copy the file you want to add into this location. Close and reopen MT4, and you should see the item in the navigator window.