Frequently Asked Questions
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.
Although it is possible to leave your computer on with the EA running, we recommend using a VPS (Virtual Private Server) so that you don't need to.
You can rent a VPS directly from MetaQuotes - the MetaTrader 5 (MT5) publisher, and find step-by-step setup instructions, here: https://www.mql5.com/en/vps
Market Master EA is fully automated. So once it is running, you do not need to do anything.
However, so that you can monitor the results with detailed statistics, we recommend using a performance tracker (e.g. myfxbook.com or fxblue.com).
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.).
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.).
In general, the higher the leverage, the less capital you will need to have in your account as a minimum.
The recommended symbol and timeframe is EURUSD, H1.
However, Market Master EA is adaptable to any symbol and any timeframe. But it is the user's responsibility to backtest and optimize the parameters according to their findings.
Beginners should start with the recommendations, whilst experienced users can experiment and create their own unique systems.
MetaTrader 5 (MT5) has a dedicated 'Strategy Tester', which you can use to backtest the EA 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
A purchase of Market Master EA includes 5 licenses, meaning that you can use it on up to 5 accounts at the same time.
Yes. Upon purchase, you will be granted access to your own member area where you can assign and transfer your licenses from one account to another.
We don't limit the amount of license transfers, and the 5 licenses have no expiry.
Although the EA is 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 EA in your member area.
Our 30-Day Money-Back Guarantee is simple. If you're not happy with Market Master EA within 30 days of purchase, we'll give you a full refund, no questions asked.
If you have an issue that's not covered here, our support team is ready to help. Contact us via Online Live Chat, the Contact Us page form, or email us at support@marketmasterea.com.