Installation

Installing Control Tower consists of 3 main steps

 

1. Installing The Control Tower App

 CURRENTLY WINDOWS ONLY
  • Sign up for a free trial.  You will be emailed a license number.
  • Download the app.
  • Unzip the downloaded file and move the Control Tower folder to your Program Files folder.
  • Run ControlTower.exe and input your License Number.
  • Once licensed, the app will display your personal webhook for use with TradingView.

2. Installing The MT4 Expert Advisor

Video Guide

 

Step-by-Step Guide

Install MT4 (if not already installed).

In MT4, from the File menu option, select Open Data Folder.

Then open the MQL4 folder

A screenshot of windows explorer showing the MQL4 folder from MT4

From within MQL4 open the Experts folder.  In a second Explorer window open the Control Tower folder which you moved into Program Files in Step 1.  From within the Control Tower folder, open MT4 files and then For Experts folder.  Move the file ControlTowerMT4.ex4 to the MQL4/Experts directory.

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Navigate back to the MQL4 directory and open the Include folder.  In the Control Tower window, navigate back to MT4 files and open For Includes folder.  Move the contents of this directory to the MQL4/Include directory.

Once again navigate back to the MQL4 directory and this time open the Libraries folder. In the Control Tower window, navigate back to MT4 files and open the For Libraries folder.  Move the contents of this directory to the MQL4/Libraries directory.

Return to the MT4 application.  From the Navigator panel, right-click the Expert Advisors item and choose Refresh from the drop-down menu.

A new Expert Advisor will appear in the list called ControlTowerMT4.  Right-click ControlTowerMT4 and select Add to a chart from the drop-down menu.  The chart you use does not matter – the ControlTowerMT4 EA will work for any symbol regardless of the chart the EA is added to.  You only need to add the EA to one chart and it will allow access to all symbols within MT4.

The setting window for the ControlTowerMT4 EA will appear.  Ensure that Allow Live Trading, Enable Alerts, Allow DLL imports & Allow import of external experts are all checked.  Press OK.

Your chart will now have a small ControlTowerMT4 EA icon in the top right corner.  When installed correctly the icon will be smiling.

 

 

3. Enable Live Trading in MT4 Settings

In MT4, from the Tools menu item select Options.

Select the Expert Advisors tab and make sure Allow automated trading is selected.

MT4 is now setup to receive and execute orders from TradingView via Control Tower.

To use Control Tower, first open MT4 followed by Control Tower.  You can minimize MT4 but it must be running. Upon loading, Control Tower will confirm a connection to MT4 in the Log window.  That’s it!  Control Tower is now listening for any alert message on its private webhook URL.

TradingView does not need to be running for Control Tower to receive the alerts.