Can anyone please help with running an EA?

EA has always been in the back of my mind since the first time I started trading, and now I finally have the resources to delve into this kind of trading. Trouble is I don't know how to run it live on a demo account.

Here's what I did:
-Backtested the EA and got the result under the "Report" tab on the strategy tester window, and saw all the trades that were made under the "Results" tab.
-Dragged the EA onto the chart from the Navigator window and use the exact same EA settings as the one I used for backtesting. I also used the same currency pair and time frame.
-Clicked the "Expert Advisors" and it turned green. At the same time the smiley face appeared next to the name of the EA on the top right hand corner of the chart.
-These boxes were ticked under the setting of the EA (when F7 was pressed): Long & Short position; Enable Alerts; Allow live trading; Allow DLL imports; Allow import of external experts.
-Left it online for the whole day last Thursday, did not make a single trade. But when I ticked the "Ask manual confirmation" box during the day, within minutes it automatically opened the order window and asked for my confirmation.

1) Is there anything else I should do to run an EA live on a demo/real account?

2) What happened to your account in your VPS when the day ends and the week ends? I never left an open position throughout the weekend. One I don't want to do it, and two some brokers apparently take the opportunity to mess around with your carry trade. So for those who've had experience running an EA for weeks/months, how much do they charge you to keep your EA going?

Many thanks in advance guys. I learned a lot from this forum and will contribute where I can.

1)I believe you have to leave the ask for manual confirmation tab un-clicked.
Maybe the EA is configured to ask for confirmation ... or you have an EA that will not execute in a real account.
Ck for errors in the experts tab in your terminal


2) Nothing happens. Brokers do not mess with your trades during weekends. After the Broker close for the weekend, it will re-start trading again on Sunday night (depending were you are) ... but sometimes the price is different (worldwide) at the opening and will be a gap. All orders/stops do not get executed it if they are in between that gap, and they will be execute at the opening price.

J.

Hey Jeuro,

Thanks for the help.

I ran the EA again today. And it still won't work. When it did finally opened an order once, it asked for manual confirmation, when CLEARLY the "ask for manual confirmation" box is un-ticked per your suggestion. I'm guessing it's more about the coding, don't worry I'll sort it out myself.

Re: the VPS. Are you saying the broker doesn't charge anything except for the possible monthly fee? I've always though that if you leave your positions open through the night/weekend, you'll either be given interest or be charged interest. Does that only happen on manual trading, but not on EA trading?

Thanks.

Hi Ishtana.
Brokers charge for open positions left overnight (during the week) . It is called the swap. It is basically some net interest. They pay for the currency you hold, but they charge for the currency of your debt. All brokers calculate different and most have swap rates posted in their web sites. For some pairs is almost insignificant for other is a lot.

I am not sure of what monthly fee you talk about.. I don't know of Brokers that charge monthly fee.

But I know that VPS have monthly fees.

J.

I see. And yes i was referring to the monthly VPS fee. So if that's the case, can you confirm that brokers charge EA traders VPS monthly fees in addition to the swap charges?

Btw, do you use EA yourself? Does it really work?

Thanks.

Broker DO NOT charge anything for trading with EAs
You can have any VPS service you want. VPS are not related to Brokers.
Unless the Brokers provide that service and charge you for it. Some Brokers provide free VPS for some clients... but I would not use a VPS provide by a broker...

Yes, I do automatic trading on top of mi manual trading... my own mathematical strategy. Yes, it does work well for me. The code is not for sale.

J.