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help with live trading on metatrader

  • #1
  • First Post: May 29, 2006 9:32am May 29, 2006 9:32am
Hi,

I have an EA which i have applied to a chart....i am on a demo account....is it necessary that they metatrader (as well as my computer) should be switched on for 24 hrs for it to trade live all through the day?? i mean, is this attachment of the EA to the chart on the server side or client side??

this is my first attempt at attaching an EA to a chart...so i am not sure whether it has got attached and i am not sure whether it is going to trade live correctly...the EA which is use makes only 5-6 trades per mnth....so do i have to have my system switched on 24 hrs a day for 1 full month to see if it performs fine?? i dont want to do backtesting....i want to see what happens live....pls lemme know...
  • #2
  • May 29, 2006 9:44am May 29, 2006 9:44am
Quoting ns_karthik
Hi,

I have an EA which i have applied to a chart....i am on a demo account....is it necessary that they metatrader (as well as my computer) should be switched on for 24 hrs for it to trade live all through the day?? i mean, is this attachment of the EA to the chart on the server side or client side??

this is my first attempt at attaching an EA to a chart...so i am not sure whether it has got attached and i am not sure whether it is going to trade live correctly...the EA which is use makes only 5-6 trades per mnth....so do i have to have my system switched on 24 hrs a day for 1 full month to see if it performs fine?? i dont want to do backtesting....i want to see what happens live....pls lemme know...
hi,

EA runs on the client side, so your computer must be running all the time and your internet connection must also be working.

When you attach the EA to the chart, there will be a symbol in the upper right corner of your chart, with this meaning:

x - Expert Advisors are disabled - there is a big button on the toolbar, wich enables/disables all EAs in MetaTrader
- EAs are enabled, but this one is not set to make live trades. If you want it to trade live, open the EA properties (push F7) and on the "Common" tab
check the box "Allow live trading"
- everything is set up and the EA is active and able to do the trades live

hope this helps

cheers
RoBiK
I'm not insane; my mother had me tested.
  • #3
  • May 29, 2006 9:59am May 29, 2006 9:59am
thanks robik....but i have my system on, net connection on and my EA (with the smiley on it) on for the past 20 hrs but it has not picked up a single trade....i am not sure whether it is cos i have applied it wrongly or is it just that the market has not met the conditions specified in my EA?? how do i make sure of that?? any ideas??

i use 2 EAs...EA1 does only 4-5 trades a mnth and EA2 does 60-70 trades a mnth... i have applied EA1 to a chart for the past 20 hrs and it has not picked up any trade while i applied EA2 to a chart abt 3 hrs back and it too has not picked up a trade....what do i do?? pls help...
  • #4
  • May 29, 2006 10:13am May 29, 2006 10:13am
Of course, not knowing anything about your EAs there is one thing. If you have the EA active in the upper right corner of the chart, click on that smiley face and have a look at the input fields. If there is a stoploss field and it is set to zero, no trade can happen.

Other than that the only way to know is to show your Ea to someone who can see the programming.

Thanks scott


Quoting ns_karthik
thanks robik....but i have my system on, net connection on and my EA (with the smiley on it) on for the past 20 hrs but it has not picked up a single trade....i am not sure whether it is cos i have applied it wrongly or is it just that the market has not met the conditions specified in my EA?? how do i make sure of that?? any ideas??

i use 2 EAs...EA1 does only 4-5 trades a mnth and EA2 does 60-70 trades a mnth... i have applied EA1 to a chart for the past 20 hrs and it has not picked up any trade while i applied EA2 to a chart abt 3 hrs back and it too has not picked up a trade....what do i do?? pls help...
  • #5
  • May 29, 2006 10:30am May 29, 2006 10:30am
Quoting ns_karthik
thanks robik....but i have my system on, net connection on and my EA (with the smiley on it) on for the past 20 hrs but it has not picked up a single trade....i am not sure whether it is cos i have applied it wrongly or is it just that the market has not met the conditions specified in my EA?? how do i make sure of that?? any ideas??

i use 2 EAs...EA1 does only 4-5 trades a mnth and EA2 does 60-70 trades a mnth... i have applied EA1 to a chart for the past 20 hrs and it has not picked up any trade while i applied EA2 to a chart abt 3 hrs back and it too has not picked up a trade....what do i do?? pls help...
take look into the terminal window on the Experts tab and also the Journal tab, do you see any error messages? Today is quiet day (AFAIK Memorial day in the US and also some holidays in GB), so it is possible that you do not get any signals because there is little movement in the market. With EA1 it can for sure take a week befor you get some trade. As for EA2, i would wait for more volatility in the market. Anyway, you should also check your EAs settings to be sure that everything is set up right.
I'm not insane; my mother had me tested.
  • #6
  • May 29, 2006 11:18am May 29, 2006 11:18am
hey thanks......in fact, for one of my EA's, the stoploss is indeed 0....i guess i need to change that...but how come it worked in backtesting?? i have a trailing stoploss....pls explain...
  • #7
  • May 29, 2006 11:19am May 29, 2006 11:19am
Backtesting on MT4 is not reliable and should NOT be trusted...

thanks Scott


Quoting ns_karthik
hey thanks......in fact, for one of my EA's, the stoploss is indeed 0....i guess i need to change that...but how come it worked in backtesting?? i have a trailing stoploss....pls explain...
  • #8
  • May 29, 2006 11:19am May 29, 2006 11:19am
EA2 is firebird 65.....i has fromhourtrade as 8 and tohourtrade as 18...what is that?? do i need to change that??
  • #9
  • May 29, 2006 11:21am May 29, 2006 11:21am
thanks jones....ok...i have stoploss as a parameter and also it is set inside the code as 0....is it enough if i just change the stoploss parameter is some value > 0 or should i change it in the code as well...


sorry, but i do understand the code but i dont know how it works wrt to metatrader...thats the problem i guess....
  • #10
  • May 29, 2006 11:23am May 29, 2006 11:23am
In the Firebird thread there is a txt file that Hendrix uploaded of his settings. You could look at those and set yours accordinly. You really should also read the
instructions that are uploaded in one of the posts.

Make sure your timeframe on your chart is the same as your time frame in the EA..

I do not use this EA, but have read the entire thread... I think that will help you.. Scott


Quoting ns_karthik
EA2 is firebird 65.....i has fromhourtrade as 8 and tohourtrade as 18...what is that?? do i need to change that??
  • #11
  • May 29, 2006 11:24am May 29, 2006 11:24am
thanks jones....and what abt the stoploss...is it enough if i set the parameter or do i need to change that in the code as well??
  • #12
  • Edited 12:28pm May 29, 2006 11:27am | Edited 12:28pm
Just set the prams, but keep in mind that this Ea steps thru the price adding to the trade as it goes against you. So each time it places a trade you would have to make sure your stop was big enough. Hendix's settings seem to account for this... thanks scott

No change in progamming is required, because all the settings are adjustable.


Quoting ns_karthik
thanks jones....and what abt the stoploss...is it enough if i set the parameter or do i need to change that in the code as well??
  • #13
  • May 29, 2006 11:32am May 29, 2006 11:32am
thanks a lot jones...people in here are amazingly helpful...:-)
  • #14
  • May 29, 2006 11:33am May 29, 2006 11:33am
i have set the stoploss param for EA1 and also change the params as per hendricks for firebird 65...lets see how it goes....
  • #15
  • Jun 1, 2006 7:40pm Jun 1, 2006 7:40pm
Ok, dumb question of the day:

I have MT4 and a live account at InterbankFX. How do I go about doing live trades through my MT4 EA? I should be connecting to InterbankFX's live server right? and if so, how do I get that done?

Any help is much appreciated.
  • #16
  • Oct 2, 2007 10:19pm Oct 2, 2007 10:19pm
Quoting smjones
Of course, not knowing anything about your EAs there is one thing. If you have the EA active in the upper right corner of the chart, click on that smiley face and have a look at the input fields. If there is a stoploss field and it is set to zero, no trade can happen.

Other than that the only way to know is to show your Ea to someone who can see the programming.

Thanks scott
Hi I'm resurrecting this thread since I have similar situation as ns_karthik. During backtesting, EA works fine and on live trading I managed to get EA smiley in the upper right corner but it doesn't trade at all. I have stoploss setup but target set to zero. I wonder do I need to change target setting?
Thanks!
  • #17
  • Last Post: Oct 3, 2007 12:39am Oct 3, 2007 12:39am
I believe it usually needs to be greater than 5 for most brokers. You should make sure you have the same properties running live as you were testing. The values in the strategy tester (Expert properties -> inputs) and your EA (click on chart and hit F7) should be the same. I don't think it would allow you to backtest if it was 0.
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