Hi
Could you have two working EA’s at the same time, same account, but different curriencies?
For Example, (i will be using EA1 and EA2)
Could I have like EA1 work with the EUR/USD and then EA2 working with GBP/JPY at the same time
Thanks whoever could answer this question!
Acbball123
Yes of course, you can apply the same EA to multiple currencies and timeframes, check out the code in the MACD sample that ships with MT.
I know that, what i am trying to say is like two completly different EA’s
I will give two popular ones
The Forex Autopilot will do the EUR/USD
While the FAP Turbo will do the GBP/JPY
You know what I am trying to say? Again, I know about the same EA, but just not different EA’s, sorry if i didnt make it detailed enough
In the case you describe you need to impliment a unique magic number to each EA.
I think you can only find this out by trying them, it just depends how well they are written, there is nothing in MT4 that wraps an EA in it’s own environment, so without trying it I can’t see anyway to verify that each EA will definitely stick to managing it’s own trades.
Let us know which one loses most money 
Do you have the source code? Then you could.
I have a feeling that the source code for such commercial products is unlikely to be available.
The only EA I would even consider running is one that I have written myself, after reading the code you would still have to do extensive testing, I wouldn’t be happy without running them both on test on demo solely to test for that issue.
Some of the issues you may come across - one manages anothers’ trade, the same equity pot confuses the money management, problems when they might try to open a position at the same time, unlikely but they might use the same global variables which would completely throw both, and a few unknown unknowns might throw a spanner in the works.
Yes, you should be able to do this. Just be sure there is a magic number assigned to the trades, so any money management coding in the EA won’t interfere with whatever the other one is doing.
That being said, you’re wasting your time and money. It would be in your best interest to learn how to trade the markets on your own. You won’t want to, and it’s not likely you’ll listen to me. But hopefully after your risky stint with the robots is over, you’ll still have an interest in trading forex. If at that time, you’re ready to learn, we’re ready to teach you.
Best of luck.
Here here, I agree 100% with you here, while we’re having a debate about how profitable Forex trading is, to think that you can run a computer program to do it all for you is ludicrous.
Acbball123,
Trading with robots is a fairly technical field and requires time and patience to learn, in fact, far more so than simple manual trading strategies. I am still learning after 18 months and I regularly feel out of my depth.
Many traders do not hack the transition to using automation and they then join the “Robots don’t work club”…each to their own I guess.
Either that or they can’t hack learning how to trade so they think a $99 robot offered widely on the Internet is the key to their success.
Guns,
I was going to write a whole diatribe defending automated trading but I decided, why bother, I know it works and that is all that matters.
I am not saying it doesn’t. I’m saying that the success of them is not coming from ones you pick up from the gutters and alleys of the internet.
Any kind of trading that means you open and close orders on a specific set of circumstances can be replicated by a computer program.
This means if you trade purely by conditions displayed on your charts, and or indicators it can be replicated and in fact it would probably done better by a computer because it can monitor 24hrs a day and open positions at the right moment no matter how rarely it occurs.
I believe the reason most EA’s don’t work is because most of the methods, systems and indicators taught, and recommended on forex websites and forums only work with hindsight, do not work in practice and most EA’s are programmed to use these methods and indicators.
All you have to do is ask yourself a simple question, if you found a system that worked consistantly profitably, why would you want to sell it commercially when you could just use it yourself and probably become a billionaire.