I forget how should I run EAs on mt4.
could anyone help?
I also want to know this. Can you suggest me any good EA to run on my mt4 trading platform?
An Expert Advisor (EA) is an algorithmic trading robot used for automated trading on the MetaTrader platforms, such as MetaTrader 4 and MetaTrader 5. Hereâs a simple guide to run an Expert Advisor:
Step 1: Installation of the Expert Advisor (EA)
To install the EA, you first need to locate the âExpertsâ folder in your MetaTrader installation directory. Hereâs a common path for this:
C:\Program Files (x86)\MetaTrader 4\experts.
Simply copy your .ex4 or .mq4 EA file into this âExpertsâ folder.
Step 2: Enable Expert Advisors
Before running the EA, you must make sure the âAllow Automated Tradingâ option is enabled. You can find this option in the âExpert Advisorsâ tab under the âOptionsâ menu (Tools > Options > Expert Advisors). Also, make sure the âAllow DLL importsâ box is checked.
Step 3: Apply the EA to a Chart
To run the EA, you need to apply it to a chart. Open the âNavigatorâ window (View > Navigator) and you should see your EA listed under âExpert Advisorsâ. Click on it and drag it onto the chart of the instrument you want the EA to trade on.
Step 4: Configure the EA settings
After you apply the EA to a chart, a settings window will pop up. You can configure the EA settings according to your trading strategy in this window. This usually includes setting the lot size, stop loss, take profit, and other specific parameters related to the EA.
Step 5: Activation
Once everything is set, click the âOKâ button. The EA should now be running on the chart. You can see a smiley face in the top right corner of the chart if the EA is active.
Remember, the EA will only work when the Forex market is active, and the MetaTrader platform is connected to the Internet.
Please make sure to test any EA thoroughly on a demo account before running it on a live account. Automated trading carries its own risks and should always be monitored.
Really helpful Greg.
Many thanks to you.
How can I say thank you well said and explained me.
Whenever I ask a question every body replied me as fast possibl.