Thursday, May 23, 2013

Metatrader 4 (MT4) Tips | Expert Advisor Not Trading

Hi Guys, I have a solution for those trying to trade a Forex robot aka expert advisor that will not trade for you. Assuming you have "allow live trading" checked in the options pull down menu along with "enable expert advisors". If you are still not getting live automatic trading, there are a couple of other things we need to check.

We can check the experts tab at the bottom left tab to see what the expert is trying to do. If you see something like "expert X sell not opened" "trade is disabled; then the chart you are using is probably set-up for demo trading only. To verify this you can "right" click on the chart the expert is attached to and you should see an option for "trading". If you do not follow these below steps.

1. Remove all experts
2. Close all open charts
3. Open Market Watch
4. Right click in market watch and select "hide all"
5. Now right click and select "show all"
6. Right click on the desired chart to trade and left click "chart window"


Now if you right click on the chart you should see a "trading" option above the expert advisor selection.

This will allow the expert to take a trade. Basically if you right click on the chart and you don't see a trading option for you to trade, the expert can't trade as well!

I hope this has saved some headache and frustration for our fellow traders. Happy Trading!