I have never used EA’s before and have never really even looked into them until now. I have one stupid question.
When I load an EA onto a chart, how do I specify if I only want it to trade specific time frames (4HR, Daily etc). I have tried loading several random EA’s on a demo account, but there does’nt seem to be any way of restricting the time frames that I want it to trade. I am sure the answer to my question is obvious but I’m just not seeing it. Can someone point me in the right direction?
it depends on the code, some EA are written to work only on a specific tf but others very often( cos’ the coding is more easy) are written to work with every time frame. So its your task to choose the tf and stay with it.
The EA will only trade on the TF of the chart is running on unless it has internal logic to run on a specific TF which is very unlikely.
The trick is to leave the chart running the EA alone. Sometimes you may want to look at another TF - do it on another chart or you may regret the results.
Thanks everyone. I think I get it. Just to be sure, please confirm if my following understanding is correct.
If I want an EA to trade a given currency pair on say the [B]H1[/B] timeframe, then I toggle to the H1 chart for the given pair and then load the EA onto the opened H1 chart.
If I also want the same EA to trade the same currency pair on say the [B]M15[/B] TF, then I open a [U]new chart[/U] for that currency pair, toggle to M15 chart, and reload the EA to the M15 chart.
Please confirm if I have it right and thank you all for your help.
You don’t have to open another chart unless you wanted to run both TF (which makes little sense). My warning about changing TF was for when the EA is actively running a trade.