What is an MQL Expert Advisor (EA)?
An MQL Expert Advisor is an automated trader written in MQL programming language for the MetaTrader platform. It executes trades based on predefined trading strategies and conditions.
How does an MQL Expert Advisor work?
An MQL Expert Advisor works by analyzing market data, such as price movements and indicators, and executes trades accordingly. It can operate 24/7 without human intervention, allowing for automated trading.
Is FxMultiEdge suitable for beginners?
Yes, FxMultiEdge can be used by beginners as it automates the trading process. However, it is essential to have a basic understanding of trading principles.
How does your Expert Advisor differ from others?
Each EA differs in functionality and the strategies implemented, with more expensive EAs having more features. However, FxMultiEdge has several popular investment strategies all built in. Each month a new release will be offered to all members with new strategies and corrections if needed.
What are some popular features of your EA?
Some popular features of our EA include trailing stops, specific trading timeframes, stops and take profits, and money management to list only a few.
What investment strategies are included in with FxMultiEdge?
The initial version of FxMultiEdge will have only a few strategies. Current, design plans for this initial release should offer:
Accelerator Oscillator (AC),
Accumulation/Distribution (AD),
Bollinger Bands® (Bands),
Moving Average (MA),
Moving Averages Convergence-Divergence (MACD),
Relative Strength Index (RSI),
Stochastic Oscillator, and
Stochastic RSI.
Plus a few other risk controls:
Close All,
Trailing Stop, and
Take Profit.
Can I use your EA on mobile devices?
Yes, our version of FxMultiEdge is compatible with the MetaTrader mobile app, allowing users to trade on the go.
Can I use your EA on different types of trading accounts?
Yes, our EA can be used on different types of trading accounts, such as standard, mini, micro, and ECN accounts.
What is the starting amount for trading with your EA?
The starting amount for trading with any EA depends on the chosen strategy, associated risks, and the user chosen forex broker. Please research the specific strategy as well as your selected forex broker for information regarding its requirements.
What internet requirements do I need to use your EA?
You need a stable internet connection to ensure uninterrupted communication between the EA and the trading platform.
Can I customize an MQL Expert Advisor?
Yes, MQL Expert Advisors are highly customizable. You can modify the trading strategy, indicators, risk management settings, and other parameters to suit your trading preferences and goals.
Can I customize the settings of the EAs to suit my trading preferences?
Yes, our EA comes with customizable settings, allowing you to adjust parameters such as risk tolerance, trade frequency, and much more.
Do I need programming skills to use an MQL Expert Advisor?
While programming skills are not necessary to use an MQL Expert Advisor, basic knowledge of the MetaTrader platform and the MQL programming language can be helpful for customization and troubleshooting.
How can I install an MQL Expert Advisor?
To install an MQL Expert Advisor:
1 - You need to open the MetaTrader platform.
2 - Go to the "Navigator" section.
3 - Right-click on "Expert Advisors".
4 - Select "Open Data Folder".
5 - Copy the Expert Advisor file into the "MQL4/Experts" folder.
Can I backtest an MQL Expert Advisor?
Yes, you can backtest an MQL Expert Advisor using historical market data to evaluate its performance. This helps you assess its profitability and make necessary adjustments before deploying it in live trading.
Does the Expert Advisor provide any backtesting capabilities?
Many Expert Advisors offer backtesting capabilities, allowing you to test the performance of the Expert Advisor based on historical market data. This can help you assess the profitability and reliability of the Expert Advisor before using it in live trading.
Can I backtest FxMultiEdge before using it?
Yes, we encourage it. Please feel free to backtest FxMultiEdge before using it with historical data in order to evaluate its performance under different market conditions.
Can I use your EAs on a demo account?
Yes, you can use FxMultiEdge on a demo account to test it's performance and familiarize yourself with it's functionality.
Are there any risks associated with using an MQL Expert Advisor?
Like any trading strategy, there are risks involved in using an MQL Expert Advisor. It's essential to thoroughly test and monitor its performance, implement proper risk management, and stay updated with market conditions.
Are there any limitations to using an MQL Expert Advisor?
While MQL Expert Advisors offer great automation and convenience, it's important to note that they are not foolproof. Market conditions can change, and unexpected events can impact trading results. Regular monitoring and adjustments are necessary.
Does the Expert Advisor provide any risk management features?
Many Expert Advisors offer built-in risk management features such as stop loss and take profit levels, trailing stops, and position sizing options to help manage and control risk during trading. FxMultiEdge does contain many of these risk management features.
Can I use multiple MQL Expert Advisors simultaneously?
Yes, you can use multiple MQL Expert Advisors on the same MetaTrader platform. However, it's crucial to ensure they don't interfere with each other and that their trading strategies align.
Can I run multiple EAs simultaneously?
Yes, you can run multiple EAs simultaneously on the same MetaTrader platform, allowing for more diversified trading pstrategies. However, each EA must be used on different currency pairs.
How can I optimize the performance of an MQL Expert Advisor?
Performance optimization involves fine-tuning the parameters of an MQL Expert Advisor to achieve better results. It requires analyzing historical data, adjusting indicators and settings, and finding the optimal configuration for your trading strategy. Additionally, you can perform backtesting using historical data to find the optimal settings for the Expert Advisor.
Can I modify the source code of your EAs?
No, the source code is not for sale and cannot be modified by the user as it is the property of FxMultiEdge.
Can I request additional functionality for an EA?
Yes, additional functionality can be developed on request, but there are conditions relating to the copyright and the functionality being a standalone advisor.
Can I use FxMultiEdge on MetaTrader 5 (MT5)?
Not at the present time. There are some versions of EAs that are for both MT4 and MT5, but versions for MT5 are more functional and updated more frequently. However, this particular version cannot be used on MT5 as it has been exclusively designed to take advantage of MT4. The version of FxMultiEdge for MT5 will be available very soon.
Are there any restrictions on the number of EA activations?
Yes, there are restrictions on the number of activations controlled by the MQL5 Programs Market service.
What should I do if I encounter any errors or bugs?
Please report any error alerts or bugs of FxMultiEdge immediately to the website, as we're interested in correcting them quickly.
Why are my orders not being executed and/or placed with delay?
Issues with orders not being executed or placed with a delay are likely due to the selected forex broker. Trying another account is recommended.
How can I delete orders and/or other positions of the advisor?
To delete orders and positions of the advisor, separate actions need to be taken for pending orders and market positions.
Can I bypass the broker's limit on the number of pending orders?
For advisors above the Magic Grid level, it is possible to bypass the broker's limit on the number of pending orders in semi-automatic mode.
How accurate are the trading signals generated by FxMultiEdge?
The accuracy of the trading signals depends on market conditions and the implemented strategy. Past performance is not indicative of future results.
What is the expected return on investment (ROI) with FxMultiEdge?
The expected ROI varies depending on market conditions and the chosen strategy. It is important to understand that trading involves risks.
Can I use FxMultiEdge with other trading tools?
Yes, FxMultiEdge can be used alongside other trading tools and indicators to enhance your trading strategy. However, each currency-pair can only have one EA at a time.
Can I use FxMultiEdge on multiple trading platforms?
Currently, FxMultiEdge is specifically designed for use with MetaTrader 4 and may not be compatible with other trading platforms.
Are your expert advisors compatible with different timeframes?
Yes, our EAs are designed to work on different timeframes, allowing you to trade according to your preferred timeframe.
Can I use your EAs to trade on multiple time frames simultaneously?
No, our EAs can not be configured to trade on multiple time frames simultaneously.
Can I use the Expert Advisor on different time zones?
Yes, you can use the Expert Advisor on different time zones, as long as the trading platform and the Expert Advisor are properly configured to match the desired time zone. This allows the Expert Advisor to operate based on the specified trading hours.
How long do trades typically last when using your EAs?
The duration of trades can vary depending on market conditions and the chosen strategy implemented by the EA.
What is the expected monthly profit when using your EA?
The expected monthly profit varies depending on market conditions and the chosen strategy the user has implemented.
How can I monitor the performance of the EAs?
You can monitor the performance of the EAs through the MetaTrader platform, which provides detailed trade history, equity curves, and other performance metrics.
Can I run multiple instances of the same EA on different charts?
Yes, you can run multiple instances of the same EA on different charts within the MetaTrader platform.
Can the Expert Advisor be used on multiple trading accounts?
Yes, Expert Advisors can be used on multiple trading accounts, as long as the accounts are on the same trading platform and the Expert Advisor is properly installed and authorized for each account.
Can I use your EAs for long-term investing?
Our EAs are primarily designed for short to medium-term trading strategies and may not be suitable for long-term investing approaches.
Can I use the Expert Advisor on different MetaTrader platforms (MT4/MT5)?
The compatibility of an Expert Advisor with different MetaTrader platforms (MT4/MT5) depends on the coding and features used in the Expert Advisor. Some Expert Advisors may be compatible with both MT4 and MT5, while others may be designed specifically for one version. The first version of FxMultiEdge was written with MQL4 and functions on the MT4 platform. The MQL5 / MT5 version is being developed and will be available soon.
Can I use the Expert Advisor on different operating systems?
The compatibility of an Expert Advisor with different operating systems depends on the trading platform used. MetaTrader, for example, is compatible with Windows, Mac, and Linux operating systems, allowing you to use the Expert Advisor on different devices.
Can I use the Expert Advisor on a VPS (Virtual Private Server)?
Yes, you can use the Expert Advisor on a VPS, which provides a stable and secure environment for running your trading strategies 24/7. Using a VPS ensures that your Expert Advisor continues to trade even when your computer is turned off or your internet connection is unstable.
Do you offer a money-back guarantee?
Please refer to our refund policy on the website www.FxMultiEdge.com to understand the terms of our money-back guarantee.
Do you offer trial versions of your EAs?
Not at the present time. However, please check our website www.FxMultiEdge.com to see if there are trial versions currently available.
Do you provide updates for your EA?
Yes, updates for our EA are provided to ensure compatibility and to address any bugs or issues. Every user will be informed through the email address they've provided for the most current version, at no additional expense. Therefore, they could receive the current EA with additional strategies for free.
How often do you release updates for your EAs?
Updates for our EAs are released periodically to ensure optimal performance and compatibility with the latest MetaTrader versions.
Are your EAs suitable for day trading?
Yes, our EAs can be used for day trading, as they can execute trades based on predetermined rules without the need for constant monitoring.
Do you offer customer support for your EAs?
Yes, we provide customer support for our EAs to assist you with any questions or issues you may encounter. Just send us an email starting with the word, "HELP" in the beginning of the subject line so we know it's urgent. In the body of the email please be descriptive as to the nature and cause of the problem.
Is there any ongoing support or updates provided for the Expert Advisor?
The availability of ongoing support and updates for the Expert Advisor may vary depending on the developer or provider. Some Expert Advisors come with a support package, while others may offer updates for a certain period of time or charge additional fees for support and updates. However, once a user buys from FxMultiEdge, upgrades will always be free.