Can I trade manually as well as run an EA in my MT5 live or Demo account - at the same time?

Fernando Carreiro  
PennySeven: Can I trade manually as well as run an EA in my MT5 live or Demo account - at the same time? Or is it either manual trading or EA on MT5 in one Demo/live account at a time?

As long as the EAs provide MagicNumber control, you can do Manual Trading (magic number "0") as well as run as many EAs (each with its own magic number) as you want on the same account at the same time.

However, please be very careful with your individual and overall risk management. Having too many trades at the same time can severely impact the risk and deposit load on your balance, equity and free margin.

Samuel Onyike  
PennySeven:

Can I trade manually as well as run an EA in my MT5 live or Demo account - at the same time?

Or is it either manual trading or EA on MT5 in one Demo/live account at a time?


You can!

[Deleted]  

As written only if expert advisor strongly control trades by  magicno (and symbol). I had some programs (from mql5 market !) that did not harmonize. As a result they opened and closed positions in an incredible frequency and account got damaged. The bad thing is, you can't find this in a backtest. One could run them on demo to find out, but the risk continues even then.

[Deleted]  

Thank you Fernando, Samuel and Thorsten for your answers. 

Now I can see that the correct way for me would be to only run an EA when I am sleeping, that is, during the Asian session starting immediately after the NY close or when I stop trading earlier to go to gym.

I don´t need to run an EA when I am manual trading

JimSingadventure  
Fernando Carreiro #:

As long as the EAs provide MagicNumber control, you can do Manual Trading (magic number "0") as well as run as many EAs (each with its own magic number) as you want on the same account at the same time.

However, please be very careful with your individual and overall risk management. Having too many trades at the same time can severely impact the risk and deposit load on your balance, equity and free margin.

Hi Fernando,

meaning i can open a manual trade and my EA will close it (Take profit or cut loss)  at  specified risk control and vice versa as long as i set the magic no. to "0"? 

any other number will not work? i'm still blurry what magic number really means even after reading the reference page about it.

thanks.

Fernando Carreiro  
JimSingadventure #: meaning i can open a manual trade and my EA will close it (Take profit or cut loss)  at  specified risk control and vice versa as long as i set the magic no. to "0"? 

any other number will not work? i'm still blurry what magic number really means even after reading the reference page about it.

It depends on the functionality of the EA.
William Roeder  

Depends on how it/they is/are coded; ask the owner, or provide the code.

Magic number only allows an EA to identify its trades from all others. Using OrdersTotal/OrdersHistoryTotal (MT4) or PositionsTotal (MT5), directly and/or no Magic number/symbol filtering on your OrderSelect / Position select loop means your code is incompatible with every EA (including itself on other charts and manual trading.)

Reason: