Installing and Activating an EA in MT5:
- Copy the EA file (.ex5) into the
MQL5/Expertsfolder in your MT5 directory. - Restart MT5, then find the EA in the Navigator window. Drag it onto a chart to activate.
- Copy the EA file (.ex5) into the
Creating Your Own EA using MQL5:
- Use the MetaEditor (included with MT5) to write your code.
- Define the trading logic within the
OnTick()function. - Compile your code and test it in the Strategy Tester.
Popular EAs for MT5:
- Some popular EAs include Forex Fury, WallStreet Forex Robot, and the Martingale EA. Always backtest and evaluate before using them live.
Testing an EA Before Using it in Live Trading:
- Use the Strategy Tester to simulate trades using historical data to evaluate the performance of your EA.
Best Practices for Running EAs on a VPS with MT5:
- Choose a reliable VPS with low latency to the broker’s server.
- Ensure your VPS has stable internet connectivity.
- Keep your MT5 platform updated for optimal performance.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article