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    Moneta Markets

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    Getting Started

    Can I use an Expert Advisor (EA), and how do I set one up?

    Yes. Expert Advisors (EAs) are permitted on the desktop versions of MetaTrader 4 (MT4) and MetaTrader 5 (MT5). EAs can automate trading activities, such as trade execution and position management. To use an EA, you need to install it on the appropriate desktop platform, attach it to a chart, configure its settings, and enable automated trading where required.

     

    How to Install an Expert Advisor on MT4 or MT5

    1. Open MT4 or MT5.
    2. Click File > Open Data Folder.
    3. Navigate to:

      • MT4: MQL4 > Experts

      • MT5: MQL5 > Experts

    4. Copy your EA file into the relevant Experts folder.

    5. Close and restart the trading platform.

    Some EAs may require additional files or specific configuration steps. Follow the instructions provided by the EA developer where applicable.

     

    How to Attach an Expert Advisor to a Chart

    1. Open the chart of the instrument you want the EA to trade.

    2. Open the Navigator window.
    3. Expand Expert Advisors.
    4. Locate your EA.
    5. Drag the EA onto the chart or double-click it.
    6. Configure the EA settings as required.

    7. Click OK to apply the settings.

     

    Enable Automated Trading

    After attaching the EA, make sure automated trading is enabled on your platform.

    MT4
    1. Click the AutoTrading button on the toolbar.

    2. Check that automated trading is enabled.
       

    MT5
    1. Click the Algo Trading button on the toolbar.

    2. Check that algorithmic trading is enabled.

    Depending on the EA, additional settings or permissions may be required. Refer to the EA developer's instructions if it does not operate as expected.

     

    Can I Use Expert Advisors on Mobile Platforms?

    No. Expert Advisors cannot be installed or run directly on the following platforms:

    • MT4 Mobile
    • MT5 Mobile
    • Moneta Markets AppTrader
    • Pro Trader 2.0

    EAs are supported on the desktop versions of MT4 and MT5. If your EA is running on an MT4/MT5 desktop platform or a VPS (virtual private server), you can still use a mobile platform to monitor your positions and manage trades manually.

     

    Important Note

    • Moneta Markets permits the use of EAs on MT4 and MT5 but does not develop, provide, maintain, test, or endorse third-party EAs.
    • Moneta Markets does not provide technical support for installing, configuring, operating, or troubleshooting third-party EAs.
    • You are responsible for monitoring your EA's activity and performance. Any profits, losses, execution outcomes, or trading results generated by an EA remain your responsibility.
    • Some EAs may require additional files, settings, or permissions to function correctly.

    • If you need help with a specific EA's installation, configuration, or performance, contact the EA developer or service provider directly.

       

    Need More Help?

    If you are unable to install an EA or encounter a platform-related issue, please contact Customer Support at support@monetamarkets.com and provide:

    • Your trading account number
    • The platform you are using (MT4 or MT5)
    • A brief description of the issue
    • A screenshot of the issue, if available

    For issues related to the EA's own functionality or performance, contact the EA provider directly.

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