Generally, you can install every indicator that is available in the MQL marketplace. However, consider the fact that it may not be free. Some “developers” like to place price tags on their indicators depending on how successful it has been for them or for some other traders.
In terms of types, you can always install things like different chart points, indicators that show data about potential gains or slumps and others as well. There is pretty much no limit as to how many or what indicators you can get. But be aware that some of the best indicators are usually paid, so it’s usually a good idea to be absolutely sure you need it.
A good place to download these indicators is the MQL marketplace. It is an official site of the creators of MT4 actually. Plus, you might not have to bother with ways to install EA on MT4 if you download from here, simply because the website sometimes does it for you.
Also, the MQL marketplace is a trustworthy place for indicators and EAs because the company always checks to make sure that the software works, it’s useful and that it is priced fairly. Furthermore, it may sometimes be possible to get a refund if the tool does not work for you specifically, or if something is wrong with it.
It is very hard to determine which EAs and indicators on MT4 would be perfect for beginners. What’s mostly said by beginner MT4 users is that the indicators that the software comes with are more than enough.
Downloading paid indicators can be a bit confusing for a beginner especially if they did not have any contact with the free ones available on MT4.
Yes, but not all of them. Some of the best EAs and indicators on MT4 you can find will most likely have a price tag, but other useful tools can be found for free as well. Expert traders usually recommend downloading these indicators from the MQL platform because they’ve been checked and determined to be a useful asset for everybody.
However, there could be an EA or tool that is worth its price, but it is a bit hard to determine, so it’s a good idea to not go around spending too much on the marketplace.
Yes. All of the EAs and Indicators are optimized for Windows, Linux, and Mac, so there’s no need to worry about it.
The only difference here would be the way to install them. Aside from Windows, Macs tend to have a slightly different way of handling folders, so it may become a bit confusing when installing.
Experts usually recommend to download and install EAs on MT4 straight from the MQL marketplace because it does it automatically. Manual installments could be a bit confusing on Mac.