Then, and only if you are sure that your EA works properly and is not dangerous, allow it to wotk on a REAL account. You can run as many EAs as you want at the same time, but you can only have 1 EA per chart.Īlways backtest your EAs first, then try them on a live DEMO account. For MetaTrader 5: ' %Data Folder% /MQL5/Experts/'.For MetaTrader 4: ' %Data Folder% /MQL4/Experts/'.MetaTrader loads your EA and feeds it with data, contros its events and executes all instructions inside.Įxpert Advisors are files and you can find them at these locations: Expert Advisors can be put to work in real time or they can be back-tested over past periods of time.Įxpert Advisors (EAs) are written in MQL4 (for MetaTrader 4) or MQL5 (for MetaTrader 5) programming language, and none of them can work on its own as a standalone program. You can also call it a Robot, because it does something instead of you. An Expert Advisor ( EA) is a small program that contains set of trading instructions for MetaTrader.
