Question 1

How do I install Market Master EAs on MetaTrader 5 (MT5)?

Accepted Answer

1. Open MetaTrader 5 (MT5).
2. Click ‘File’ in the top left menu.
3. Select ‘Open Data Folder’.
4. Open the 'MQL5' folder, then the ‘Experts’ folder.
5. Drag and drop (or copy and paste) your EA (.ex5) file into this folder.
6. Restart MT5 or refresh the expert advisor list.
7. Drag and drop the EA from the navigator menu onto your chart.

Question 2

Do I need to leave my computer on for the EAs to work?

Accepted Answer

Although it is possible to leave your computer on with the EAs running, we highly recommend using a VPS (Virtual Private Server) so that you don't need to.

If you don't currently have a VPS, you can get an exclusive 30% discount on monthly subscriptions with our partner - ForexVPS, here: https://www.forexvps.net/partner/marketmaster

Question 3

Do I need to manage the EAs once they are set up and running?

Accepted Answer

Market Master EAs are fully automated. So once they are set up and running, you do not need to do anything.

Note: So that you can monitor the results with detailed statistics, we recommend using a performance tracker, such as myfxbook.com or fxblue.com.

Question 4

What is the minimum recommended starting balance to use the EAs?

Accepted Answer

The minimum recommended starting balance depends on the following factors:

- The asset you are trading
- The settings of the EA
- The amount of leverage your trading account has

The best way to determine a suitable starting balance is to backtest the EA according to the above mentioned factors (i.e. Use the same leverage in the backtest as that of your trading account, etc.).

As a general guide, we don't usually recommend a starting balance of less than $500.

Question 5

What is the minimum recommended amount of leverage to use the EAs?

Accepted Answer

The minimum recommended amount of leverage depends on the following factors:

- The asset you are trading
- The settings of the EA
- The amount of capital your trading account has

The best way to determine a suitable amount of leverage is to backtest the EA according to the above mentioned factors (i.e. Use the same amount of capital in the backtest as that of your trading account, etc.).

As a general guide, we don't usually recommend leverage less than 1:100.

Question 6

How do I backtest the EAs on historical data?

Accepted Answer

MetaTrader 5 (MT5) has a dedicated 'Strategy Tester', which you can use to backtest the EAs on real historical data.

A comprehensive guide by MetaQuotes - the publisher of MetaTrader 5 (MT5) can be found, here: https://www.metatrader5.com/en/automated-trading/strategy-tester

Question 7

Can I use the EAs on different trading accounts in the future?

Accepted Answer

Yes. Upon purchase, you will be granted access to your own member account where you can add and remove your license(s) to different trading accounts as you wish.

We don't limit the amount of license transfers, and licenses have no expiry.

Question 8

How can I use Market Master EAs on more than 3 trading accounts simultaneously?

Accepted Answer

If you would like to use the EAs on more trading accounts at the same time, you can purchase additional licenses for just $149 from your member account.

Question 9

Will there be updates to the EAs in the future?

Accepted Answer

Although the EAs are extremely robust, it is likely that there will be some minor tweaks in the future.

There will always be an option for you to download the latest version of the EAs for free in your member account.

Question 10

Are Market Master EAs FIFO Compliant?

Accepted Answer

Yes, Market Master EAs follow the First In First Out (FIFO) positions sequence rule, making them FIFO compliant.

Question 11

What are the terms for your 30-Day Money-Back Guarantee?

Accepted Answer

Our 30-Day Money-Back Guarantee is simple. If you're not happy with Market Master EAs, we'll give you a full refund, providing your request is made within 30 days of purchase.

Question 12

What if I have an issue that is not covered here?

Accepted Answer

Our support team is always on hand to help. Contact us via the website Chat or Email us at support@marketmasterea.com and we'll get back to you as soon as possible.

Frequently Asked Questions