Time frames in EA
Hi.
Sorry about the noob question
Whats the diference betwin using diferent time frames on EA?
What efects have the time frames on EA?
Kind regardsIf you are trading using MetaTrader you are using the particular timaframe opening the chart (with M15, H1 and so on timeframe). EA is doing some job for you: opens the order, moves the stop etc using the timeframe as well. Why people need EA? Because some of the people can not trade manually and can not sit near computer for the long time. An other reason is the following: you are trading folowing some trading rules. Sometimes it is difficult especially if you are trading live with real money.
And people using EA: EA is not emotional, EA is having very good character because it is like machine, you can not speak with him even. EA will trade irrespective of. EA is your assistant.
Some people are not using EAs all the time but using it just for the confirmation: when you attach EA to the chart you will see the options dialog ("Allow live trading" and below "Ask manual confirmation"). If you choose this option EA will ask you every time to open order, modify order, stop etc.
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Hi.
Sorry about the noob question
Whats the diference betwin using diferent time frames on EA?
What efects have the time frames on EA?
Kind regards