Beginner question about EAs (expert advisors ) | Forex Factory

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Beginner question about EAs (expert advisors )

  • #1
  • First Post: May 17, 2008 7:53am May 17, 2008 7:53am

OK , I have a question about EAs , my question is if i install an EA on my meta trader platform , do i need to keep my platform opened as well as my internet connection or not ( the EA will trade automatically without an active connection to the internet ).

cheers .

Nothing is impossible
  • #2
  • May 17, 2008 8:37am May 17, 2008 8:37am
The EA only works if MetaTrader is running (with the EA active smily face) and your computer is connected to the internet ...
  • #3
  • May 17, 2008 10:53am May 17, 2008 10:53am
http://www.forexfactory.com/showpost...16&postcount=3
  • #4
  • May 18, 2008 4:20am May 18, 2008 4:20am
Thanks for the clarification .
Nothing is impossible
  • #5
  • May 18, 2008 10:50pm May 18, 2008 10:50pm
Quoting Cdn
The EA only works if MetaTrader is running (with the EA active smily face) and your computer is connected to the internet ...
do we need indicators attached to chart to make EA running or just a plain chart?
cdn?electric savant?
  • #6
  • May 18, 2008 11:05pm May 18, 2008 11:05pm
no you don't need them attached to the chart. If the ea needs the data it will just pull it directly from the indicator without it being on the chart.
  • #7
  • May 18, 2008 11:22pm May 18, 2008 11:22pm
Quoting magnumfreak
no you don't need them attached to the chart. If the ea needs the data it will just pull it directly from the indicator without it being on the chart.
so do you means the indi must be in our folder?
  • #8
  • May 18, 2008 11:24pm May 18, 2008 11:24pm
Quoting B@by trader
so do you means the indi must be in our folder?
Yes, the indicator must be in your indicator folder but it doesn't have to be attached to the chart.
  • #9
  • May 18, 2008 11:27pm May 18, 2008 11:27pm
Quoting magnumfreak
Yes, the indicator must be in your indicator folder but it doesn't have to be attached to the chart.
  • #10
  • May 18, 2008 11:48pm May 18, 2008 11:48pm
Ive try to use 30tf machine ea tht B@by trader request from oksana but the ea need me to put my own MM and ther is colum says trailing stop value.I never use MT4 to place trade..so can anyone tell me how trailing stop is better than tp.and actually I dont know what is trailing stop?
  • #11
  • Last Post: May 18, 2008 11:53pm May 18, 2008 11:53pm
Quoting xiiitrain6
Ive try to use 30tf machine ea tht B@by trader request from oksana but the ea need me to put my own MM and ther is colum says trailing stop value.I never use MT4 to place trade..so can anyone tell me how trailing stop is better than tp.and actually I dont know what is trailing stop?
Personally I prefer to manage my stops myself.

But: A trailing stop is a stop that is moved automatically every time the price moves X amount in your favor. So, if you have a 10 pip trailing stop then everytime the price moves 10 pips in your favor, the software will move your stop 10 pips. That is where it gets its name, the stop trails behind the price.

I usually do not use a tp either. I will close a portion of a trade at a certain point but not all of it.
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