Installing Market Structure Pro and Your First Chart

This takes about five minutes. You need MetaTrader 5 installed and logged in to a broker account, live or demo. A demo account is completely fine to start with, and is what we would suggest for the first week.

Step 1: put the file in the right folder

MetaTrader hides its own folder, so open it from inside the platform rather than hunting through your drive.

1. In MetaTrader 5, click File, then Open Data Folder. A window opens.
2. Open the MQL5 folder, then the Indicators folder inside it.
3. Copy the Market Structure Pro files you downloaded into that Indicators folder.
4. Go back to MetaTrader and press F5, or right-click in the Navigator panel and choose Refresh.

Step 2: attach it to a chart

1. Open a chart for the instrument you want, for example EURUSD.
2. Set the timeframe. If you are unsure, start on M15 or H1.
3. In the Navigator panel, open Indicators, then Market Structure Pro.
4. Drag it onto the chart, or double-click it.
5. When the settings window appears, tick Allow DLL imports if prompted, then click OK.

The dashboard should appear on the chart within a second or two. If it does not, skip to the last section on this page.

Step 3: the only three settings that matter on day one

There are ten sections of settings. You can safely ignore nine of them for now. These three shape everything else, and the defaults are already sensible.

Step 4: give it a candle

MSP decides on closed candles, so on an H1 chart it may show NO TRADE for a while simply because the current hour has not finished. This is correct behaviour, not a fault. On an M1 chart you will see it update every minute; on a D1 chart, once a day.

If you want to watch it work properly, use M5 or M15 for the first session.

Save it so you never set it up twice

1. With the chart looking how you want it, right-click the chart and choose Template, then Save Template.
2. Name it something like MSP and save.
3. On any new chart, right-click, choose Template, and pick your saved one. Everything comes back.

If nothing appears on the chart

Almost every case is one of four things, in this order of likelihood.

• The files went into the wrong folder. They must be in MQL5 / Indicators, not MQL5 / Experts or the top-level folder.
• MetaTrader was not refreshed. Press F5 in the Navigator panel, or restart the platform.
• The chart is scrolled or zoomed so the dashboard sits off-screen. Press the Home key to jump back to the latest candle.
• Your licence has not activated yet. Check the Experts tab at the bottom of MetaTrader for a message.