Monday, 19 November 2007
CarryGrid EA FAQ
My understanding for EA is I have to run MT4 together with EA in order for EA to managed my account. My questions are:
1. Will EA open trade, set the currency pairs, lots, price, and close trade for me. it means i do not have to do anything after setup the criteria in EA, just open the 2 programs and let EA trade automatically for me? Is it that easy?
Yes it is that easy, you do have to select the currency pair and timeframe however, but its an easy choice, EURJPY or GBPJPY on 1H, 4H or daily.
2. If i have 2 accounts and would like to trade with 2 different styles, with different parameters, do i have to buy 2 licenses of EA? or i have to open 2 accounts at different brokers? If EA can managed multiple accounts, what is the max number?
No, one license will cover it, there is no restriction on how many accounts you can manage with it.
3. what will happen if my internet connection is down during a day and i do not notice that, i.e. i run the MT4 at home and i go to work. the connection may down up to 8 hrs. Will this situation ruin my life?
The system is long term and a downtime like this will not have a huge effect. We actually offered EA hosting for a while to solve this problem but having had no take-ups, have taken the service down. The problem with the EA hosting was that you are unable to modify the parameters.
4. will you send signal or any information to EA in realtime for better decision making in trades? or this resource stay in the software?
This stays in the software. Signals are sent from www.easyforexsignals.com, and the trendwatcher tool there also works in a similiar way to the trend tool inside the EA.
5. I'm new to forex but would like to gain more money, can i just buy EA and start in forex trading? or i have to study forex first?
You can learn 'on the go', by demo trading.
6. is it better to buy EA instead of let someone to manage my account?
It depends on how good the trader managing your account is, and whether you want to pay them the 30% commission they generally ask.
7. what is the minimum deposit EA can run? Is it applicable for 200USD?
1500-2000 USD is really the minimum starting point for this EA.
1. Will EA open trade, set the currency pairs, lots, price, and close trade for me. it means i do not have to do anything after setup the criteria in EA, just open the 2 programs and let EA trade automatically for me? Is it that easy?
Yes it is that easy, you do have to select the currency pair and timeframe however, but its an easy choice, EURJPY or GBPJPY on 1H, 4H or daily.
2. If i have 2 accounts and would like to trade with 2 different styles, with different parameters, do i have to buy 2 licenses of EA? or i have to open 2 accounts at different brokers? If EA can managed multiple accounts, what is the max number?
No, one license will cover it, there is no restriction on how many accounts you can manage with it.
3. what will happen if my internet connection is down during a day and i do not notice that, i.e. i run the MT4 at home and i go to work. the connection may down up to 8 hrs. Will this situation ruin my life?
The system is long term and a downtime like this will not have a huge effect. We actually offered EA hosting for a while to solve this problem but having had no take-ups, have taken the service down. The problem with the EA hosting was that you are unable to modify the parameters.
4. will you send signal or any information to EA in realtime for better decision making in trades? or this resource stay in the software?
This stays in the software. Signals are sent from www.easyforexsignals.com, and the trendwatcher tool there also works in a similiar way to the trend tool inside the EA.
5. I'm new to forex but would like to gain more money, can i just buy EA and start in forex trading? or i have to study forex first?
You can learn 'on the go', by demo trading.
6. is it better to buy EA instead of let someone to manage my account?
It depends on how good the trader managing your account is, and whether you want to pay them the 30% commission they generally ask.
7. what is the minimum deposit EA can run? Is it applicable for 200USD?
1500-2000 USD is really the minimum starting point for this EA.
Labels: CarryGrid EA, FAQ
Comments:
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I think if you ever wanted to do EA hosting again this could be done with vmware-server and would allow remote users to modify their settings. I have set this up for my blog forexkungfu.com and it works quite well. If you want more information let me know.
Brian
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Brian
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