EA Builders

How to Debug Expert Advisors (MetaTrader 4)

How to Debug Expert Advisors (MetaTrader 4)

Debug Expert Advisors Using VTS The MetaTrader platform does not have any built-in functionality for debugging. So, we do what we programmers have always done: add lots of print statements to figure out how the program is executing. This is easy to do in VTS. Just use the Message tab […]

by August 9, 2013 1 comment EA Builders, MQL, Using VTS
Top 6 Reasons Your Expert Advisor Does Not Trade

Top 6 Reasons Your Expert Advisor Does Not Trade

Help! My Expert Advisor Does Not Trade 1. Did you enable trading on your MetaTrader platform? The icon should be green, not red. This shows Expert Advisors as disabled: This is what it looks like when Expert Advisors are enabled:       2. Have you enabled Live Trading on the Expert Advisor […]

by August 9, 2013 0 comments EA Builders, Trading, Using VTS
What’s the difference between an Expert Advisor and an MQL Script?

What’s the difference between an Expert Advisor and an MQL Script?

Expert Advisor vs. MQL Script What’s the difference between an Expert Advisor and a Script?  I get this question a lot. Both are written in MQL, so they both have access to the library of MQL functions for opening and closing trades, finding indicator values and even sending emails. One difference is that Scripts […]

by June 3, 2013 0 comments EA Builders, MQL
Really Bad Trade Entry? Find Out With This Quick Test

Really Bad Trade Entry? Find Out With This Quick Test

Test Your Trade Entry On page 2 of the 3 Metrics PDF,  I describe a technique for testing the quality of your trade entry. The “Entry Test” immediately tells you if your entry logic is any better than just randomly entering the market. This test is brutal. You would not believe how many indicator-based systems use entries that […]

by June 3, 2013 0 comments EA Builders, MQL, Trading

Building Your Expert Advisor

The 3 Metrics to Watch When You Build Your First Expert Advisor When you start to design and build your first Expert Advisor – an EA that you plan on trading – it’s important to keep a close eye on these three metrics: Total Trades: The Expert Advisor should trade […]

by June 3, 2013 1 comment EA Builders, MQL, Trading