EA - Does anybody know how to use an EA Effectively

[samdass]

How do you know when to enter a trade? Purchased some software , it is amazing however I am still struggling trying to understand how it works.


Can somebody please assist me?

 

[nutty3952]

An EA enter trades by itself doesn’t it ? And usually if the strategy is 60%+ winning rate then you’ll play with lot size of .01 if it’s an account with less than 5k to be safer

 

[BRKT10]

Most automated trading robots are average price robots (martinger).
So, it will initially trade as 0.01 lots.
if lost 30% account, it will Stop out?

 

[ganeshkumar1989]

You will have to give us more info...

1. Buy a VPS
2. Setup MT4/MT5 on it
3. Load your EA on MT4/MT5
4. Keep your EA running so that it can make trades on your behalf

 

[cashisking86]

Yeah go and learn how to actually trade and stop trying to make money in a near $7tn a day market without any education or time practicing.