OK, so I'm learning J16 pa, and have started demoing to get my feet wet.
I'd like to setup a demo trade and am using ibfx mt4.
I can enter a new order with the mt4 new order button, but here are a few questions:
1. Do I enter my sl on the order page or in the EA.
2. If I powerdown my computer, the EA will not work at all b/c I'm assume the EA's work locally from my computer, so if it is off so is mt4 and the ea's...correct?
3. If I enter the sl on the order page, I'm assuming my broker can see it, only way around is to use the EA to handle the sl and keep a computer (laptop or something) on all night...correct?
4. I'd like to manage my trade while I sleep, I'm assuming, I can load an EA, keep the computer on, initiate the trade via the new order, then run the ea (like MTP or something) to handle partial T/P at a certain price, move sl to b/e, take more profit at next level...is this correct?
Thanks for any guidence here...as I am new to this.
I'd like to setup a demo trade and am using ibfx mt4.
I can enter a new order with the mt4 new order button, but here are a few questions:
1. Do I enter my sl on the order page or in the EA.
2. If I powerdown my computer, the EA will not work at all b/c I'm assume the EA's work locally from my computer, so if it is off so is mt4 and the ea's...correct?
3. If I enter the sl on the order page, I'm assuming my broker can see it, only way around is to use the EA to handle the sl and keep a computer (laptop or something) on all night...correct?
4. I'd like to manage my trade while I sleep, I'm assuming, I can load an EA, keep the computer on, initiate the trade via the new order, then run the ea (like MTP or something) to handle partial T/P at a certain price, move sl to b/e, take more profit at next level...is this correct?
Thanks for any guidence here...as I am new to this.