Start of Application
Grant MetaTrader permissions
For simplification of license management, all products interact with a backend server. Therefore, you'll need to adjust some settings in your MetaTrader. Please open the instance of MetaTrader you chose during installation and go to the Options menu.
Next, please navigate to the Expert Advisors tab and check the boxes for Allow automated trading and Allow DLL imports. Stay calm about the warning associated with the second option.
The application only uses native Windows libraries to communicate with the backend license server.
You must be logged in with a trading account, which is added to your Meta Extender subscription. Otherwise, the application cannot be started!
Open a chart
From the perspective of MetaTrader, the Meta Extender functions as a standard expert advisor and must be applied to a chart. The application is then linked to the chart, meaning the Meta Extender will also close if you close the chart. Next, please open a new chart window by accessing the right-click context menu of any symbol in your market watch and open a new one by selecting Chart Window.
Configure input parameters
To apply the Meta Extender to the recently opened chart, please search for it in the navigator view and drag and drop it onto the chart window. The application is in FEA Trading - MT4 - Meta Extender 2.0.
Before the application finally starts, MetaTrader will display a dialogue where you can check some metadata on the application itself and configure its input parameters. To do so, please navigate to the tab Inputs. You can either start with the default values, modify them in the shown table, or load a SET file that can store input parameters.
Each input parameter for the Meta Extender begins with a group identifier for easy navigation and linkage to this documentation. The Meta Extender has three input groups, each explained separately in this documentation. This approach is consistent across all product user manuals.
The table below lists the available input groups for the Meta Extender.
| Abbreviation | Category | User Manual Chapters |
|---|---|---|
| MAG | MAGIC NUMBER | Magic Number |
| SLM | STOP LOSS MANAGER | Stop Loss Manager |
| ISP | INSPECTOR | Inspector |
Settings files can be saved and loaded via the Inputs dialogue. Given that different symbols and timeframes often exhibit varying volatility and market behavior, you might prefer different settings for each. For instance, settings files for EUR_M15, USDCAD_M15, or any other symbol and timeframe can be easily saved and loaded.
Upon clicking OK, the Meta Extender initiates. Please note that all background processes may take up to a minute to finish. The progress is displayed in an indicator window at the top left and in the Expert tab in the terminal view.
The Meta Extender is now up and running on the chart you've opened.
Select widget and trade
Let's begin by utilizing the Trading Assistant widget. To launch it, kindly choose the widget from your Meta Extender start screen:
This widget is engineered to aid manual trading with an integrated risk and money management tool. This tool promptly informs you about the crucial aspects of a planned trade and provides a convenient one-click trading panel with an integrated order configurator. For instance, it allows you to open trades with a sophisticated stop loss trailing strategy.
Employ the Trading Assistant, particularly its trading lines, to understand how the risk and money management module can interact with the order configurator. Please remember that clicking Place order sends an order to your broker without any additional approval request. It is recommended that you familiarize yourself with the application by using a demo account.
Manage trading results
After each completed trade, a trading journal will be automatically updated in the background. This will happen regardless of how you close the trade. Please note that only trades opened by the Meta Extender are included in the automatically generated trading journal. The raw output of the trading journal is a CSV file. This can be used to process the information computer-assisted or import it into the prepared Excel Journal File, as shown below.
The article here explains the entire trading journal, including all associated diagrams.