Setup Guide Video: Matrix Arrow EA MT4/5© and Indicator with Set Files Explained 

On this page, you’ll find the Matrix Arrow EA MT4/5© and Indicator MT4/5© set files, alongside detailed instructions and useful advice. To view the Matrix Arrows that the EA will trade for different symbols and timeframes, load the correct Indicator set files.

Before starting the setup process, change the max bars in chart to 1000 through MT4/5 >> Tools >> Options >> Charts. Keeping the max bars too high can slow down the Indicator, as it processes 10 standard indicators across a vast number of bars.

Additionally, check the server time of your broker in the Marketwatch window. The set files are configured for ICMarkets GMT+3 servers, so if your broker operates on GMT+0, adjust all trading hours back by 3 hours as shown below: 

Start Hour: 12

Start Minutes: 00

End Hour: 22

End Minutes: 50

you need to change it to:

Start Hour: 9

Start Minutes: 00

End Hour: 19

End Minutes: 50

Notice: The default settings of the Matrix Arrow Indicator MT4/5© display arrows that are different from those used by the Matrix Arrow EA MT4/5© for trading specific set files. To align the arrows with the EA, make sure to load the corresponding indicator set files as explained earlier. 

Warning! For trading a single set file, the default Risk % of 3% is fine. If you plan to trade several set files, it’s wise to reduce the Risk % to 1%-2%. For trading all recommended set files, set the Risk % per trade to 0.5%-1% for each symbol to manage risk effectively. 

Step-by-Step Video: Setting Up Matrix Arrow EA MT4/5© and Matrix Arrow Indicator MT4/5© for Panel, Manual, or Automatic Trading Without Set Files 

Critical Adjustment Before Using Matrix Arrow EA MT4/5© 

Set Max Bars in Chart in MT4/5 >> Tools >> Options >> Chart to 1000 or a comparable low figure. The EA processes data from 10 indicators based on this value. If the number is too high, it may lead to delays in updates and potential freezing of the terminal, especially on computers with lower specifications. 

Matrix Arrow EA MT4/5© Installation & User Guide

To purchase the Matrix Arrow EA MT4/5© on MQL5.com Market, you'll need an MQL5 community account. Register here if you don't already have one: https://www.mql5.com/en/auth_register

1. Make sure your MQL5 balance has enough funds to cover the purchase; this is often easier than using a credit card during the buying process.

2. Locate the Matrix Arrow EA MT4/5© on the MQL5.com site and open its page.

3. Click the Buy or Rent option to complete your order.

4. Select the desired payment method and click on the green Next button to continue with your purchase. 

5. After payment confirmation, open your MT4/5 terminal to download and install the Matrix Arrow EA MT4/5©.

6. Make sure you log in to your MT4/5 terminal with your MQL5 username, not your email, Facebook, or other logins. For instance, my username is eleanna74, which is the last part of my profile URL: https://www.mql5.com/en/users/eleanna74.

7. Go to MT4/5 >> Tools >> Options >> Community tab and ensure you are logged in with your MQL5 account username.

8. In the MT4 Terminal window, scroll to the bottom and click on the Market tab. On the left side, choose Purchased, then press the blue Install button beside your purchased product. For MT5, go to the Navigator window, click on the Market folder, and select Purchases. The Purchases window will appear on the right-hand side, allowing you to click the Install button for your product. 

Notice: If you can't see your purchase when you click the Purchased option, check the below mentioned issues:

Make sure that:

• that you have all the latest Windows Updates installed

• that you have Internet Explorer or Microsoft Edge latest version installed on your computer or VPS

• that you are using the latest build of MetaTrader 4/5

• that you are logged into your MQL5 account in MT4/5 >> Tools >> Options >> Community tab, using your login - NOT your email

• that your MQL5 account password is less than 10 characters (if your password is 10 or more characters - change MQL5 account password here)

In case you still don't see the product on the list of your purchases in the terminal, try the following:

1. Close ALL your MetaTrader terminals

2. Go to C:\Users\{user name}\AppData\Roaming\MetaQuotes\Terminal\Community

3. Delete all files starting from mql4.market.* and mql5.market.*

4. Open the MetaTrader terminal

5. Try to install your product again

9. For those who want to receive notifications about Matrix Arrow signals, it’s advisable to set up email, terminal, and push notifications in your MT4/5 terminal. The notifications will come from the Matrix Arrow Indicator MT4/5©, not from the EA.

10. Go to MT4/5 >> Tools >> Options >> Email tab, and enter the required details for your email and server to start receiving notifications. Below, you’ll find an example of these details and the SMTP settings for some popular email providers.

• In the SMTP server field you need to put your email provider’s SMTP address, you can see most of the popular providers below.

• In the SMTP login field you need to put your full email, for example: johnsmith@gmail.com

• In the SMTP password field, you need to put your email’s password.

• In the From and To fields, you need to put your full name a comma and then your email again, for example: John Smith, johnsmith@gmail.com

List of SMTP Mail Servers: https://domar.com/pages/smtp_pop3_server

Gmail: smtp.gmail.com:465

Outlook-Hotmail: smtp-mail.outlook.com:587

Yahoo: smtp.mail.yahoo.com:465

iCloud: smtp.mail.me.com:587

Mail.com: smtp.mail.com:465

Mail.ru: smtp.mail.ru:25

Zoho: smtp.zoho.com:465

Gmx.com: smtp.gmx.com:465

11. To configure push notifications, go to MT4/5 >> Tools >> Options >> Notifications tab, and enter your MQL5 ID from your mobile or tablet. You can find this ID in your MT4/5 mobile app by navigating to Settings >> Messages.

Your MQL5 ID is also available in your MQL5 account profile, found under Settings >> Security.

12. To set up Terminal alerts, go to MT4/5 >> Tools >> Options >> Events tab and check the corresponding option. 

13. To ensure the Matrix Arrow EA MT4/5© can effectively trade using the Matrix Arrow Indicator’s signals, both products must be installed on your terminal. For a complete picture of your trading environment, it's also a good idea to load both the Matrix Arrow Indicator MT4/5© and Matrix Arrow EA MT4/5© on your chart.

Open the symbol chart you want to trade, then locate the Matrix Arrow Indicator MT4/5© in the Navigator window under Indicators >> Market in your MT4/5 terminal and drag it to your chart (or double-click to apply).

14. The Indicator’s settings window will pop up. Here, you can adjust the parameters as needed and review the notification settings in the Inputs tab. The default settings are optimized for all types of market behavior, ensuring they are ready for immediate use.

You can find a comprehensive guide to all Matrix Arrow Indicator MT4/5© settings here.

15. After finishing the setup of your Matrix Arrow Indicator MT4/5©, click OK. Keep in mind that the default settings for all 10 indicators are pre-optimized and suitable for any instrument and timeframe. The Matrix Arrow Indicator MT4/5© will now be displayed on your MT4/5 terminal. Use your mouse to adjust the Matrix height, and you'll be ready to start trading with it! 

16. Now, add the Matrix Arrow EA MT4/5© to your chart. It’s located in the Market folder under Experts in your MT4/5 terminal’s Navigator window. Simply drag it to the chart or double-click it to apply.

17. The Matrix Arrow EA MT4/5© window will open. In the Common tab, be sure to enable the Allow Auto/Algo Trading and Allow Modification of Signals options. 

18. Then, in the Inputs tab, if you’d like to trade using the on-chart Trade Panel with the Matrix Arrow EA MT4/5©, set the first Use Panel option to true and adjust the second Used Indicator setting* to the Matrix Arrow Indicator.

* The default for this setting is Moving Average, as the Matrix Arrow Indicator MT4/5© (which is a separate purchase) is required to pass the MQL5.com Market validation, and this isn't technically possible without the default setting. 

19. If you only plan to trade manually or automatically with the on-chart Trade Panel, there's no need for additional configuration. Click OK, and you're all set.

20. The Matrix Arrow EA MT4/5© Trading Panel is now placed on your chart, right above the Matrix Arrow Indicator MT4/5© Matrix window. You can move it to your desired spot on the chart, often to the top left. Simply click the Auto/Algo Trading button on your MT4/5 terminal to start trading. 

Tip: If you see candlesticks overlapping your Matrix Arrow EA MT4/5©, right-click on the chart, go to Properties, select the Common tab, and disable the Chart on foreground option. 

21. For manual trading, pick your desired timeframe and adjust the basic settings for your trades. To trade with a fixed lot size, input the size (e.g., 0.10) in the Fixed Lot Size field. If you'd like to risk a percentage of your account on each trade, enable the Risk % setting and specify your risk (e.g., 2.0%). Set the Take Profit, Stop Loss, Break Even, and/or Trailing Stop Loss values as needed. Finally, if you want trades to close with an opposite signal, activate the Close by Opposite Signal option. 

22. If you want to trade automatically using the Matrix Arrow EA MT4/5© Trade Panel, just configure your settings and choose the Full Algorithmic Trading option. This will cause the Matrix Arrow EA MT4/5© to initiate a buy trade with each new blue/long arrow signal and a sell trade with every new red/short arrow signal. 

23. If you want to trade automatically with your Matrix Arrow EA’s MT4/5© Trade Panel, you can simply put your desired settings and click the Full Algorithmic Trading option. If you do that, the Matrix Arrow EA MT4/5© will open a buy trade on every new blue/long arrow signal and a new sell trade on every new red/short arrow signal. 

WARNING: Migrating the Trade Panel settings to your MQL5 VPS is not possible. If you want to trade automatically on the cloud with the Matrix Arrow EA MT4/5© using the MQL5 VPS, set Use Panel: false and change the internal settings of the EA as explained below. Afterward, click the Auto/Algo Trading button on your MT4/5 terminal to sync with your MQL5 VPS. 

Important: Set Max Bars in Chart in MT4/5 >> Tools >> Options >> Chart to 1000 or a comparable low figure. The EA processes data from 10 indicators based on this value. If the number is too high, it may lead to delays in updates and potential freezing of the terminal, especially on computers with lower specifications. 

24. Alternatively, if you'd like to trade with the provided set files for various symbols but do not want to use the on-chart Trade Panel, you simply need to attach the Matrix Arrow EA MT4/5© to the relevant chart and timeframe. Then, open the Matrix Arrow EA MT4/5© window and load the set file by clicking the Load button at the bottom right. Monthly updates and new set files for the Matrix Arrow EA MT4/5© are available here. 

To start trading fully automatically, click the Auto/Algo Trading button on your MT4/5 terminal. The small EA icon at the top-right of your chart will change to a green, smiling face, showing that the Matrix Arrow EA MT4/5© is operating correctly. 

A detailed guide of all Matrix Arrow EA MT4/5© settings/inputs you can find here.

25. The final step is to eliminate the risk of power or network disruptions. To do this, using an MQL5 VPS (virtual private server) will ensure that your Matrix Arrow EA MT4/5© and Matrix Arrow Indicator MT4/5 trade continuously on the cloud, 24/7. 

26. If you don’t have a virtual server for your trading account, go to the Navigator window, right-click on your account number, and choose >> Register a Virtual Server. 

27. Once the Virtual Hosting Wizard window opens, select the plan that works for you and click Next to continue. 

28. After you’ve made your payment, ensure that the funds are available in your MQL5 account and choose the MQL5 payment method on the left side. 

29. Once your MQL5 VPS is purchased, synchronize your local trading setup with the virtual server by right-clicking on the MQL5 VPS in the Navigator window and selecting >> Synchronize experts, indicators. 

Notice: Ensure that both the Matrix Arrow Indicator MT4/5© and Matrix Arrow EA MT4/5© are loaded on your charts before migrating to MQL5 VPS. If the indicator is not loaded, the MQL5 VPS Journal will show an error for the indicator. 

30. A few seconds later, the smiling face of your Expert Advisor will turn into a sad face, and the Auto/Algo Trading button will be turned off. This confirms that your trading environment is synchronized with the MQL5 VPS. 

31. To verify that everything was synchronized correctly, check the MQL5 VPS Journal logs. Right-click on your MQL5 VPS in the Navigator window and select >> Journals. 

32. Look for the following message in your MQL5 VPS's Journal logs: 

33. Your Matrix Arrow EA MT4/5© and Matrix Arrow Indicator MT4/5© have been successfully synchronized and are now running in the cloud. 

34. Feel free to close your MT4 terminal and computer, knowing that your Expert Advisor will trade 24/7 without any interruptions. 

35. You should check the MQL5 VPS Journal every day or two to ensure everything is working correctly. 

WARNING: After synchronization with your MQL5 VPS, DO NOT click the Auto Trading button again in your local MT4/5 terminal, as doing so will cause double trading with your Expert Advisor, which can be very risky. 

Attention!

If you want to trade the Matrix Arrow signals with your Matrix Arrow EA MT4/5©, you must purchase the Matrix Arrow Indicator MT4/5© separately! Otherwise the Matrix Arrow EA MT4/5© will work as a manual trade panel only. 

Have any questions?

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