Why is my EA not taking trades?

Quite commonly, EAs are dependent on the current spread of the market. If it’s too high, the EA will refrain from trading. In most EAs, the spread limit is a configurable parameter and you can try adjusting this value to a higher threshold, just to see if this encourages the EA to open a trade.

How many EA can you run on MT4?

Yes, you can run multiple EAs at the same time and on the same instrument. However, you may only load one EA per chart. For example, if you wish to set two EAs to trade on EURUSD, you will have to open two EURUSD charts and load an EA on each of them.

How do I create an MT4 EA?

I recommend using the built-in MetaEditor IDE that comes with the MT4 trading platform. To enter the editor, just right-click on an existing expert advisor in the left-hand navigator pane and select modify from the menu. The MetaEditor of MT4 will then open, and you will be able to create a new file.

What is EA in MQL4?

An Expert Advisor (EA) is a program coded in MQL4 and called by the client terminal to be executed at every tick. The main purpose of EAs is the programmed control over trades.

How do I know if EA is working on MT4?

To do this, right-click on the chart where the EA has been placed, select ‘Expert Advisors’ and then ‘Properties’. Check the box labelled ‘Allow live trading’ and click ‘OK’. Your EA should now be working properly.

How do I know if EA is running MT4?

To see if an EA is currently active, the top left corner of the chart you have applied the EA to will display a smiling face icon. If you do not see the smiling face icon, check that the AutoTrading function is active. To switch on AutoTrading, click the ‘AutoTrading’ button.

How many MT4 are there in 1 VPS?

Depend on each clients overall configuration, a conservative guideline is 2-4 MT4 terminals (with a handful of charts) per CPU core. Make sure to not overload your VPS CPU usage and leave CPU open for a very active market sessions which have higher CPU demands.

How do I connect my chart to EA?

Same as with indicators, select the chart where you want to attach the EA — when we say attach we mean run. Then drag the EA and drop it on the chart (or simply double-click it) — the window will open with information about the expert advisor.

How do you code your own EA?

Steps that you need to follow to create EA from a trading strategy.

  1. Set Your Account.
  2. First steps in EA Studio.
  3. Create or generate strategies and create EA.
  4. Choose a Strategy from the Collection.
  5. Analyzing the Trading Rules and Statistics of the Strategy.
  6. Export an Expert Advisor.
  7. Test an Expert Advisor with MetaTrader.

How do I find my EX4 code?

To open an EX4 file in MetaTrader 4, the file must be placed in the “Indicators” folder. You can then open the file by clicking the Editor tool in the MetaTrader 4 toolbar, selecting the “Indicators” folder in the left “Navigator” panel, and then choosing the appropriate EX4 file.

How do you set up EA?

Step-by-Step Instructions: Installing an EA

  1. Create or download an EA. Keep note of the location of where you saved it.
  2. Select and copy the EA file you wish to install.
  3. Look for the MetaTrader4 folder. This is normally located in the C: drive.
  4. Paste the files into the Experts folder.

Can I open 2 MT4?

You can now concurrently run multiple MT4 instances of the same broker account. Running all instances at the same time would look like this. The example below is a screen of all 4 MT4 instances of the same broker (Oanda) demo account running at the same time.

Can I have 2 MetaTrader 4 accounts?

For opening multiple MetaTrader accounts on the same computer simultaneously, you’ll need to have installed multiple terminals on the same computer. Just repeat the same procedure as if you would install a single MT4/MT5 terminal, except that you’ll need to choose a different location upon installation.

What is EA forex?

In the world of foreign exchange (forex) trading, an expert advisor (EA) is software that tells you when to make trades. You can even program the software to initiate and execute trades for you by using your trading criteria. Expert advisors are most often used within the MetaTrader 4 or 5 forex trading platforms.

How do you build an EA?

How do I make a forex EA account?

How do I install EA robot on MT4?

To add an EA, open MT4 and then go to ‘file’ and then ‘open data folder’. Choose ‘MQL4’, and then ‘expert advisors’ or ‘indicators’. You can then copy the file you want to add into this location. Close and reopen MT4, and you should see the item in the navigator window.

How do I convert MQ4 to EX4?

How to Convert an MQ4 File. MetaTrader 4 converts MQ4 files to EX4 automatically when you import the file into the Indicators folder. If you have MetaTrader open when the file is copied into that folder, close and reopen the program to generate the EX4 file.