Jayanthi EA - FAQ and Preset
These are some of the frequently asked question. I'll will add more as they come.
Q: "I have set up the EA following the setup guide, but no pending orders appear"
A: It is possible that the first 24 hours you're not seeing any pending orders yet. Because pending order will start open daily. But always check the "expert-tab" in MT4/MT5 for potential messages
Q : "I only see pending orders, but no real trades":
A : yes that is normal. the EA puts pending orders at the support and resistance levels, which need to be triggered.
Q: "my trades are not the same as on your account"
A: different brokers have different price feeds. That means that sometimes trades can and will be different. Long-term it will not matter much. If your trades are completely different than mine, contact me so I can check if the setup is ok
Q: "Is my broker XYZ good for this EA?":
A: any good ECN broker with low spread should work.
Q: "There have not been any trades for X days. Is something wrong?"
A: it can happen that there are no, or very few trades some weeks. If you see pending orders, all is probably ok. If you don't see pending orders, contact me, and I will check.
Q: "How often does the EA trade?"
A: The EA does around 4-8 trades per month on average. But some weeks will see a lot of trades while other weeks will be very quiet.
Q: "How much profits will the EA do?"
A: There is never any "guarantee" for profits, but based on historical results and tests, the EA could do around 40% - 80% profit per year with a maximum drawdown of around 40%. That is when using my recommended setup.
Q: "How is the lot size calculated?"
A: my sets use the MM Percent It is set at "2". that means that the EA uses 2% of balance as a stop loss level.
Q: "How can I make the EA trade more?"
A: You Can Change the Support and Resistance Level, Lower the number than the EA will Trade More, But please back test your strategy first because more trades is not the same thing with more profits :-)
Q: "I had a loss, but your account showed a profit"
A: different brokers have different price feed, and there is also some difference between running on demo or live because of slippage. Differences will occur but don't matter long-term. Next time it might be the other way around.
Q: "I've been running for a week, but the EA is making losses. This is the worst EA I ever bought":
A: If you make an analysis of any EA based on a week of trading, you will be disappointed many times. EA trading takes months/Years to evaluate. It's a numbers game, and based on a couple of trades, you can't know anything about the real performance. Please run at least for 12 month.
Q: "What is the minimum account balance needed?"
A: you can run on a $500 account the full setup, but I would recommend $1000 or more.
Files:
Jayanthi EA MT4.set
2 kb
Jayanthi EA MT5.set
2 kb
