How to run an EA (Expert Advisor)?

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How to read MACD?

Submitted by admin on February 23, 2008 - 13:24.

How to read MACD?
MACD stands for Moving Average Convergence Divergence. This technique is one of the most often used by the different simulator software as performing the technical analysis of stock trend using this method is easy and very straightforward

Submitted by admin on February 21, 2008 - 18:27.

For functioning the expert is required that on computer was installed and uncared-for MetaTrader 4, expert was attached to Chart and were enclosed all necessary options, allowing actions of the expert. In operation expert computer must have a constant connection to trade server.

The File by default, where kept experts, which MetaTrader 4 must find at start: C:\Program Files\MetaTrader 4\experts

Experts in editable form (source code) have an extension mq4.
Example: wss_clone.mq4

Experts in compiled form (source code of expert translated in computer code) - such as OUR files, have an extension ex4.
Example: wss_clone.ex4

After you put EA (for example - wss_clone.ex4) in folder \experts, it will be necessary to re-run MetaTrader 4, therefor that MT has found a new expert. If all of this are done, and it is correct, that expert will come up for list like:

1. Attach the expert to the chart and in dialogue window to include the necessary options.

2. Check the option like picture above

3. The last necessary is to allow trade by pressing on button at MT panel (top) until its turn into green

4. If all are done correctly, at top-right corner of your chart will appear the symbol of the smile like this :)

The EA is running on your account now.

How if you cann't see the smily face but sad face or X? Please read guide below.

1. X at up-right corner meant that your Expert Advisor is disable

2. Click the Expert Advisor button until green

1. Sad Face or :( meant that your Expert Advisor disallow to live trade

2. Press [Ctrl]+[o] then go to [Expert Advisor] TAB, and then check the option like picture above. Press [Ok].

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