I use my website URL as an example, but apparently, you should put your website URL there 🙂 Open page: Create a new license type We also add a product website which is the URL of the website where users can find more information about the product and buy it. We give this product a name and make it published. We fill in the form with relevant information and click on the ‘Create new product’ button.įor this example, we will use the Moving Average Expert Advisor which is available in every MT4 default installation. To begin, click on the ‘Create new product’ in the EA Licensing page. It is how the EAL system will know which EA is connecting for the authorization of a License Key. You must add each EA and Indicator to the EAL system as a product if you want to protect them with the License Key.Įach product can have multiple license types like Standard, PRO, Gold, Platinum, or whatever you want to call them.Įach license type will have its ID which we will have to add to the MQL4 code of the EA.

We will start by creating a new product on the ‘EA Licensing’ system inside the Signal Magician. STEP #1: Creating a new product in the EA Licensing system on the Signal Magician Open page: Create a new product It’s like adding a remote MQL4 code license. You can create time-limited license keys with expiration date and also limit the amount of MT4 accounts for each license. In this tutorial, Rimantas explains how anyone can protect MT4 Expert Advisors and Indicators with EA Licensing system (EAL) from Signal Magician.ĮAL will give you a custom MQL4 code to add to your EA or Indicator so you can connect it with the EAL system.

Protected folder license code