Is it possible to set up automated trading on MT4/5?

Yes, MT4/5 supports automated trading using Expert Advisors (EAs). Clients can develop their own EAs or use pre-built ones. To activate an EA, drag it onto a chart and ensure the 'Auto Trading' button is enabled.

Installing an Expert Advisor (EA) on MetaTrader 4/5 (MT4/5) using a Virtual Private Server (VPS) is a popular option for traders who want their trading robots to operate 24/7 without interruptions.

Here’s a step-by-step guide on how to do it:

Step 1: Choose and Set Up a VPS

• Select a VPS Provider: Choose a VPS provider that offers good uptime, low latency (especially to your broker’s servers), and sufficient resources. Providers like Amazon AWS, Google Cloud, and specialized Forex VPS services are commonly used.
• Access Your VPS: Once your VPS is set up, you’ll typically access it through Remote Desktop Protocol (RDP). Use the IP address, username, and password provided by your VPS host to connect from your computer.

Step 2: Install MetaTrader 4 on the VPS

• Download MT4/5: On the VPS, open a web browser and download the MetaTrader 4/5 installation package from your broker’s website. For OX Securities, you can directly download it from their platform.
• Install MT4/5: Run the installation file and follow the prompts to install MT4/5 on your VPS. Make sure to select a directory on the VPS to install MT4.

Step 3: Install the Expert Advisor

1. Transfer the EA Files: Copy the EA files from your local computer to the VPS. You can do this by:
   
   • Using the Remote Desktop clipboard transfer feature to copy and paste the files directly.
   • Using a file transfer service or email to send the EA files to yourself and then download them on the VPS
2. Place the EA Files: On the VPS, navigate to the MetaTrader 4/5 directory where you installed it and place the EA files in the MQL4/Experts folder. The typical path would be C:\Program Files (x86)\MetaTrader 4\MQL4\Experts.

Step 4: Set Up the Expert Advisor on MT4/5

1. Start MT4 on Your VPS: Launch MetaTrader 4/5.
2. Attach the EA to a Chart: 
   • In the Navigator window, locate your EA under the Expert Advisors section.
   • Drag and drop the EA onto the chart of the symbol you wish to trade.
   • A pop-up will appear with EA settings. Go to the Common tab and ensure "Allow live trading" and "Allow DLL imports" are checked.
   • Click OK to confirm and apply the settings. 
3. Configure EA Inputs: 
   • After attaching the EA, a settings window will open (you can also access this by right-clicking the chart and selecting Expert Advisors → Properties).
   • Under the Inputs tab, configure any customizable settings (e.g., lot size, stop loss, take profit, and risk management settings) according to your strategy. 
4. Enable Auto Trading: 
   1. Ensure that the Auto Trading button at the top of the MT4 platform is green. This allows the EA to execute trades automatically.
   2. Once the EA is running, you should see a smiley face in the top-right corner of the chart, indicating that it's active.

Step 5: Monitor and Manage

1. Test the EA: Observe the EA to ensure it is executing trades as expected. It's wise to monitor its performance initially to catch any issues early.
2. Adjust Settings: Based on the EA’s performance, you might need to tweak its settings. Make adjustments as necessary to optimize its trading strategy. 

Tips for Using a VPS with MT4

• Ensure Stability: Choose a reliable VPS provider to reduce the risk of downtime.
• Security: Secure your VPS with strong passwords and consider additional security measures like firewalls.
• Backups: Regularly back up your MT4/5 settings and EA configurations.
   

By following these steps, you can effectively install and run an Expert Advisor on MT4/5 using a VPS, allowing for continuous, uninterrupted trading.

For more information:

https://oxsecurities.com/trading-platforms/metatrader-4/

https://oxsecurities.com/trading-platforms/metatrader-5/