What Are Expert Advisors?
EAs are scripts written in the MQL5 programming language that automate trading strategies. They can analyze markets, open and close positions, manage risk, and run 24/5 without manual intervention.
How to Install an EA
1. Download the EA file (.ex5 or .mq5)
2. In MT5, go to File → Open Data Folder
3. Navigate to MQL5 → Experts
4. Copy the EA file into this folder
5. Restart MT5 or right-click in the Navigator panel and select Refresh
6. The EA will appear under Expert Advisors in the Navigator
How to Run an EA
1. Open a chart for the instrument you want the EA to trade
2. Drag the EA from the Navigator panel onto the chart
3. In the settings window:
Check Allow Algo Trading
Configure the EA's input parameters
4. Click OK
5. Make sure the AutoTrading button in the toolbar is enabled (it should be green)
Important Notes
EAs are fully supported on all NEOMAAA account types
For 24/5 EA operation, consider using a VPS (free for qualifying Raw Account clients)
Always test your EA on a Demo Account or Cent Account before running it on a Standard or Raw Account
Monitor your EA regularly — market conditions change, and no strategy works forever