Guide to run EAs in MT5/MT4

17 September 2026, 15:09
Muthukumar Nagarathinam
0
20
MetaTrader 5 Expert Advisor Setup & Reference Guide

Complete installation, configuration, and operational guide for MT5.

Bonus Offer: Free Gift EA

After purchasing the EA, please send a direct message with a screenshot of your purchase confirmation. Once verified, a free Bonus Gift EA will be sent to you.

1. Recommended Deposit and Risk

The minimum required deposit to run the EA is 100 USD. However, using low risk settings is strongly recommended to protect your capital against sudden market drawdown.

2. Configuring Symbol Names

To change traded symbols, adjust the selection inside the Inputs tab. Do not include any broker prefixes or suffixes, as the EA handles symbol detection automatically.

Example: If your broker displays EURUSD>m, simply enter EURUSD in the settings.

3. Joining the Telegram Community

To join the private Telegram channel, send a direct request via private MQL5 chat to receive the invite link.

4. Running the EA on a Chart

You can attach the EA to any chart or timeframe. The system automatically detects chart data upon loading.

For detailed step-by-step instructions on attaching EAs in MT5, refer to this guide:

Guide: How to Run EAs on MT5 Charts

5. Joining the MQL5 Channel

Follow official updates and news on the MQL5 channel here:

Official MQL5 Channel Link

6. Running Alongside Other EAs

The EA can safely operate alongside other automated systems on the same account. Ensure that each running EA is assigned a unique Magic Number to prevent trade conflicts.

7. Updating to New Versions

When an update is released, follow the instructions provided in the guide below to update your terminal installation:

Guide: How to Update Your Market Products

8. Setfile Selection and Optimization

The default settings are optimized for standard use. However, parameters can be customized or optimized to better fit specific broker conditions like spread and latency.

  • Additional optimized setfiles are regularly released on official channels.
  • For Prop Firm / Funded Accounts, send a private message to receive a tailored low-drawdown setfile.

9. Backtesting Settings

To run backtests under accurate conditions, request the official .ini tester configuration file via private message.

10. Input Parameters Reference

Lot Sizing and Risk Control

Allows selection between fixed lot sizes or dynamic risk scaling based on available account balance.

Maximum Allowed Spread

Sets a threshold filter in points. If the current market spread exceeds this value, new trade entries are temporarily paused.

Unique Magic Identifier

Assigns a distinct identification number to orders placed by this EA instance, separating them from other strategies running on the account.

Target Take Profit and Stop Loss

Defines exit thresholds for open positions to manage risk and secure profits automatically on the broker server.

Maximum Equity Drawdown Filter

A safety feature that closes open positions if floating loss reaches a specified percentage of total equity.

Trading Schedule and Time Filters

Restricts trade execution to specific days of the week or active market hours to avoid periods of high volatility or thin liquidity.

Traded Asset List

Configures the list of currency pairs or assets monitored by the algorithm. Symbols should be entered as base names separated by commas.