The first issue that forex traders may have before starting trading with automated system is not checking the settings of their MetaTrader 4 trading platforms, because the default settings of mt4 terminals may stop your forex robots from opening trades. To make sure that you will not have problems you have to check the settings on your MetaTrader 4 platform. Please check all the points below for more details:
1. Run your MetaTrader 4 trading platform 24h per day. It is required to keep running trading platforms so the forex robots to open/close trades, if you miss this the robots will not trade.
2. You have to check if your computer, laptop, and notebook is on sleep/hibernate or any other mode. If they are then you have to set up them not to sleep/hibernate. This is very important!! The connection to your broker is very important and this is the trader's duty to make sure that it is stable and working.
3. One of the tasks you have to check and do is to enable "Auto Trading" on your mt4 platform. You can do this at the top menu of your trading platform.
You can also enabled auto trading as follows:
- go to the top menu and choose "Tools->Options". A window will open. On that window you have to choose "Expert Advisors" tab.
As you can see in the picture above you have to put a tick for "Allow automted trading".
4. Additionally, it is good practice to check all the charts where you run your forex robots and make sure "Live Trading" is enabled. Here is how you can check it:
- right click on the chart
- then click "Expert Advisors->Properties"
- a window will pop-up. Here, you have to check "Allow live trading"
5. It is strongly recommended to check and set up metatrader 4 settings as well. This will guarantee that when you do some modifications in your account, the metatrader 4 will not modify your account's settings. So, do not miss to check it:
- go to the top menu and choose "Tools->Options" there you have to choose "Expert Advisors" tab.
As you can see in the picture above, the ticks in the checkboxes have to be removed.
6. Make sure that your account balance is enough so you won't have problems with the robot's trading. Having low balance may stop the EAs from trading at all.
7. The rest is up to you. You can start trading and monitoring your metatrader 4 trading platform. It is good practice to check your "journal/experts" tabs from time to time. In case, there are issues or problems you can find the reasons easily in the log files of your metatrader.
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