If your Expert Advisor (EA) is not executing trades on MetaTrader 4 (MT4) or MetaTrader 5 (MT5), there could be several reasons:
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AutoTrading Disabled: Ensure that the AutoTrading button is enabled on the platform. It should be green and active. This button can be found in the toolbar at the top of the platform.
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EA Smiley Face Indicator: Check for a smiley face in the top-right corner of the chart where the EA is attached. If the smiley face is not visible or is showing a sad face, it indicates that the EA is not running. Right-click on the chart and select Expert Advisors > Properties to ensure that the EA is allowed to trade.
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EA Settings: Verify that the Allow Live Trading option is enabled:
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Right-click on the chart where the EA is attached.
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Select Expert Advisors > Properties.
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Under the Common tab, make sure that Allow Live Trading is selected.
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Trading Conditions: Your EA might be waiting for specific market conditions to execute trades. Review its strategy to ensure that the current market environment meets the EA’s criteria.
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Account Type: Depending on your account type, you may need to select the correct trading symbol with the appropriate suffix (e.g., EURUSD or EURUSD.pro). Using the wrong symbol may prevent the EA from recognizing valid trading opportunities.
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Error Messages: Check the Experts or Journal tabs at the bottom of the MetaTrader platform for any error messages. These logs can provide valuable insight into why the EA isn’t executing trades.
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Insufficient Funds: Ensure your account has sufficient funds to meet the margin requirements. If the EA's lot size or leverage settings exceed your available funds, trades may not be placed.
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Platform or EA Updates: Ensure your MetaTrader platform and EA are up-to-date. Using an outdated platform or EA can cause malfunctions or prevent trades from being executed.
If these factors have been checked and your EA is still not taking trades, it may be necessary to consult the EA developer or contact our support team for further assistance.
To contact us, please visit our Contact page