Do forex eas work

This limitation comes from MT4 terminal itself, which simply means you are not allowed to attach multiple EAs on the same chart window. So how do others run several EAs on the same MT4 terminal? You just open new chart window for each EA you want to run. This article will clear up any doubts about this subject and will make your Forex trading easier when using Expert Advisors.

MetaTrader 4 is designed so that only a single Forex robot EA or script can be attached to a single chart. However, MT4 allows to run up to EAs on the same trading terminal. You just need to open multiple chart windows.

This allows you to run many Expert Advisors eas attaching each of them to a different chart. You can have multiple charts of the same currency pair and time frame and run a robot on each work them. You can also have multiple charts of different currency pairs and time frames and even any other trading work your broker has to offer. Basically any combination would work.

MT4 Terminal with multiple chart windows open of different instruments and time frames. Important to note that with indicators this is different. You can attach multiple indicators to any single chart. We want to run the same Expert Advisor on 4 different instruments. To do this forex simply open 4 chart windows and attach EA to each of them.

This is as easy as it sounds. For example, if EA was not designed for multiple charts it may think that the trades on EURUSD belong to it while actually EA is running on USDCHF or another pair. When EA on USDCHF gets a signal to close its trades you may be surprised that EA will close all of the trades you have running on an MT4 account, including manually opened trades and trades from other EAs.

Remember, that well programmed EA should not interfere with the trades from other EAs or work the same EA running on another instrument. To do this you simply need to open two chart windows for the EURUSD pair, and you will then be able to attach both MT4 robots. To be exact, eas first Forex EA should be attached onto the first EURUSD chart and the second EA should be attached onto the second Work chart. However, keep in mind that EURUSD trades opened on the 1st EURUSD chart will also be visible on each other EURUSD chart on the same MT4 account.

Even if those charts are of different time frames but have the same instrument, they will all display EURUSD trades. This means that 1st EA will be able to access the trades generated by the 2nd EA and the 2nd EA will be able to access the trades generated by the 1st EA. So how do each EA know which trades belong to itself and which ones came from other EAs?

For each EA to be able to identify its trades a special ID is used, which is called Magic Number. So when you will be running multiple EAs on the same MT4 account you should always eas different Magic Number for each EA instance. Basically you need to be sure that your EA is designed in such a way that it can handle trading using the same Magic Number on different instruments. For example, Stealth EA can run on a single chart of any pair and it will apply hidden stop loss forex take profit on all of the trades running on the MT4 account.

EA has special settings allowing you to set eas to operate on a single pair while managing trades of any instrument. But I must say not all EAs are created that way and you should know how your EA operates before using it work your MT4 account. It is important to know how each of your EAs work if there are multiple instances of the same Forex or even multiple instances of other EAs.

If EA is coded incorrectly it may conflict with the other instances of the same or other EAs. You should check if the EA uses Magic Number to detect the right trades and to avoid confusing them with the trades from other EA instances, forex party robots or manually opened trades. Installing many EAs is literally the same as installing a single EA. The Expert Advisor file. You can have unlimited number of EAs installed on any MT4, but note that only EAs can be actively running on chart windows in the same MT4 terminal.

Important thing to mention is that each EA you install into MT4 might need custom indicators to work properly. If you run EA that use custom indicator and it does not exist on your MT4 terminal, the EA will fail to work properly. The tricky part is that EAs usually do not give eas any alerts if required indicator files are missing, but you eas find an error message generated in the EXPERTS tab at the bottom of MT4 window.

However, it can take hours or even days before EA gets an entry signal and prints error message work it fails to eas the required indicator. SO now you know that you forex have many EAs running on MT4 terminal. But before you run multiple EAs eas the same MT4 account I highly recommend you to read the instructional manual of each EA you are going to use.

You should find out if the EA uses a Magic Number to identify its own trades and if EA checks to see if it is managing only the trades from the same instrument that it is attached to. I am also a Forex trader, a programmer, an entrepreneur, and the founder of ea-coder. I have created two of the most popular trade copiers and other trading tools for MT4 that are already used world wide by hundreds of currency traders.

After trawling the internet for hours, you have finally answered my question. I am running the same EA on x2 charts, 1. I have two different eas numbers and What I am finding is when I look at chart one 15min it also shows the trades for chart 2 the 30min. I am running the same EA on only on one currency pair. Is there a way just to show trades for one EA on one chart? Forex, no, you cannot hide trades that way. MT4 is designed to work in a way that you see all trades of the current chart symbol no matter the magic number.

Thank you very much for this information. Now I know I need to use two different magic number for each implementation of the EA! I only know enough about forex to get myself into trouble. I get asked about running multiple EAs on the same chart often, though. Someone recently asked me about doing this with the break forex EA I wrote about on my site.

I guess as long as one of the EAs use magic numbers, forex method should still work right? Any MT4 can run multiple EAs, but you cannot run them on the same chart. MT4 allows only one EA per chart.

But you can always open new empty chart and attach additional EAs in there. Say if you want to run 5 EAs on MT4 you work open 5 empty charts and attach EAs one by one to each of them.

This should work with your EA too, but of course magic number part is important here. Normally each EA should use different EA, but it depends on the Work and what it does.

If the EA is a trade manager like your break even EAthen normally you need to run only one instance of such EA on the account. But of course there could be cases when EA is able to manage trades by a specific set magic number and in such case you can run multiple instances on different charts and of course assign different magic numbers. I have deployed 19 EAs on one MT4 terminal. Is there any other way?

You run less EAs 8 max in your caseor you can learn how we create EAs to not have this work. You need to join the Portfoliolizer Crash Course to learn this technique of running many Forex EAs on the same MT4.

Your email address will not be published. You may use these HTML tags and attributes: Notify me of followup comments via e-mail. You can also subscribe without commenting. Rimantas Petrauskas is the author, a Forex trader, programmer, entrepreneur, father and a husband. He has been creating software for currency trading and signal delivery sinceand has created hundreds of trading robots for his customers.

He strongly believes that with a Positive Mental Attitude we can achieve any goal. More About Rimantas Petrauskas. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some work all of your initial investment and therefore you should not invest money that you cannot afford to eas. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO Work FACT THAT THEY ARE Eas WITH THE BENEFIT OF HINDSIGHT. How to Run Multiple Expert Advisors EA on MT4 Terminal. April 4, Rimantas Petrauskas 16 Comments MT4 Tips and Tricks.

Below is the screen of my MT4 with multiple charts of different instruments and time frames. Two USDCHF chart windows on MT4 terminal share the same trades.

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