Auto Bots
Sorry I am new to this and simply testing different options on a demo account to tryto understand it better.
When I drag one of the free bots to a trading window, it shows under all timeframes. Does this mean the bot should work the same regardless of which time frame I dragged it to?
That all depends on the coding and the strategy. However, if the ea is still attached, after you have released the mouse button, and the "bot" icon is blue, then, all appears to be working.
Contact the author of the robot if you are unsure or you have any more questions regarding it, as we are only normal users of mt4/5 like you.
Here are two examples:
-
If the EA is using ATR for stop loss, the time frame would have a significant impact.
-
If the bot enters trades 100 pips away from the current price, then the time frames wouldn't matter, as mentioned in the post above. It all depends on the bot's design and intended function.
Sorry I am new to this and simply testing different options on a demo account to tryto understand it better.
When I drag one of the free bots to a trading window, it shows under all timeframes. Does this mean the bot should work the same regardless of which time frame I dragged it to?
Simple bots (EA's) are typically programmed to only run on the chart timeframe to which the bot is directly attached.
Complex bots are more likely to be programmed to reference multiple timeframes or even multiple chart symbols.
You can figure out which type of bot you have by reading the bot coder's posted description (if any) or by inspecting the source code (if you have it). PERIOD_CURRENT (or the number 0 in its place) is usually the code that references only the currently open chart.
In contrast, PERIOD_M15 and PERIOD_H1 appearing in the same source code would indicate that the bot calls data from multiple timeframes.Please consider which section is most appropriate — https://www.mql5.com/en/forum/172166/page6#comment_49114893
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
Sorry I am new to this and simply testing different options on a demo account to tryto understand it better.
When I drag one of the free bots to a trading window, it shows under all timeframes. Does this mean the bot should work the same regardless of which time frame I dragged it to?