INSTALLING AN EXPERT ADVISOR ON A TRADING ACCOUNT

Jared

Administrator
Staff member
Feb 11, 2012
187
2
18
elonmuskea.com
Hi,

Due to regular updates of the algorithm, the old version of the installation guide has lost its relevance.
Therefore, I decided to create a new topic in order to tell you how to perform the installation
Elon Musk EA.

The installation and configuration process, takes no more than 5 minutes if you already have everything ready.

In order to set up the algorithm, we will need:

1. VPS server (What is a VPS and what is it for?)
2. Downloaded archive with the Expert Advisor. (Download the demo here. Download the licence here).
3. Open an account with any broker. (Algorithm, there is no link to a broker, but we do provide a list of recommended brokers for trading.)

In order to avoid additional questions, I will describe the installation process using the demo version for MT4 and MT5 as an example, and I will also tell you how to install the license in MT4 and MT5.

I will do a setup using the professional version as an example. The license for the Professional version includes a trading robot for MT4 and for MT5. In case you are using Optimum, you have to choose which trading platform you are interested in, MT4 or MT5. View the version comparison table.

Step 1

Unzip the archive --> Select version --> Copy the MQL4 and templates folders

Unpack.gif

Step 2

File --> Open Data Folder -- > Right Click --> Paste

pastre.gif

Step 3

Tools --> Options --> Expert Advisors -- > Allow automated trading --> Allow DLL imports

Allow Trading.gif

Step 4

Open the charts of the currency pairs you are interested in.

Open Charts.gif

Step 5

Right click on the chart --> Template --> [ELM EA]_Optimum_Demo_1.7[MT4] -- > Apply the template to each Chart(EUR/USD, GBP/USD, USD/JPY, EUR/JPY, USD/CAD, AUD/USD) --> (Check connection status, should be "Ready to Trade. Analyzing the market"

Apply Tempalte.gif

Step 6

All set! Waiting for the trades! The algorithm will start trading as soon as the first market volatility appears. Please note, some days there may be a large number of trades, other days there may be 0 trades.
All transactions, the algorithm makes on the basis of strict conditions. If there are no strict conditions in the market, the algorithm will not make empty trades.

The installation to the Metatrader 5 is completely similar, with the only difference. Once you have copied the trading robot files and the template, you need to "Close - Open the trading platform", this is necessary to update the file system. Otherwise the template will not be displayed.

Step 1

Unzip the archive --> Select version --> Copy the MQL5 folder

CopyMT5.gif

Step 2

File --> Open Data Folder -- > Right Click --> Paste


mql5.gif




Step 3

Tools --> Options --> Expert Advisors -- > Allow automated trading --> Allow DLL imports

Allow Trading.gif

Step 4

Open the charts of the currency pairs you are interested in.

Open Charts.gif

Step 5

Close and reopen MT5. This is to update the file system. Otherwise the template files will not be displayed.

Step 6

Right click on the chart --> Template --> [ELM EA]_Optimum_Demo_1.7[MT5] -- > Apply the template to each Chart(EUR/USD, GBP/USD, USD/JPY, EUR/JPY, USD/CAD, AUD/USD) --> (Check connection status, should be "Elon Start Analysis Market"
applyMT5.gif

Step 6

All set! Waiting for the trades! The algorithm will start trading as soon as the first market volatility appears. Please note, some days there may be a large number of trades, other days there may be 0 trades.
All transactions, the algorithm makes on the basis of strict conditions. If there are no strict conditions in the market, the algorithm will not make empty trades.

And now I will show you how to install the licensed version, the only difference is that you need to enter your username and password..

Step 1
Step 1
 

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Last edited:

Ahmad

New member
Customer
Feb 12, 2020
9
0
1
After downloading, I see two separate folders. Which one should I install? Optimum? Pro?
 

Jesus

New member
Customer
Apr 3, 2020
26
0
1
Hello!
Why do I need a VPS server to work with the EA, if I have a very fast Internet at home and my PC is on around the clock?
 

Jared

Administrator
Staff member
Feb 11, 2012
187
2
18
elonmuskea.com
You decided to ask this question in each of the topics? The answer will always be the same, you can have the fastest internet in the world from the best provider in town, but you will never achieve positive results without using a VPS server) Since the server has the ability to be closer to the main liquidity provider and can be in the same building as the broker, it allows you to have the best speed, which your home PC will never achieve)
 

Shepherd

Member
Customer
Feb 5, 2011
91
0
6
Pay so much money to buy a high-precision scalper algorithm and try to make money with it by installing it on your PC - it's a mockery) Rent the cheapest VPS server in London and you'll see the difference)
 

Jared

Administrator
Staff member
Feb 11, 2012
187
2
18
elonmuskea.com
The most expensive VPS server does not mean that it is the best, and the cheapest, that it is bad. You can learn more about this topic here.
 

sense

Member
Customer
Feb 18, 2020
27
0
6
I saw that you released an update. I have a question. With the addition of 3 currency pairs, do I have to delete the old EA files? And have the general settings of the EA changed?
 

Jared

Administrator
Staff member
Feb 11, 2012
187
2
18
elonmuskea.com
I saw that you released an update. I have a question. With the addition of 3 currency pairs, do I have to delete the old EA files? And have the general settings of the EA changed?
Hello!:)
You just need to download the update and do exactly the same steps as when you install and configure it the first time.
Adding new currencies does not affect the general settings and the work of the algorithm in general. Continue to use the default settings.
 

Jared

Administrator
Staff member
Feb 11, 2012
187
2
18
elonmuskea.com
Hi! I downloaded the update, but there is still no connection, what to do?
It is very simple, if you have done everything correctly and your Expert Advisor does not go into ready mode after reloading the trading platform, as shown below, I advise you to go directly to the Expert Advisor and Journal tabs. There is all the information I can help you with) Or contact our technical support - Telegram: @elonmuskeabot
 

Kayden

New member
Customer
Mar 4, 2020
17
0
1
It is very simple, if you have done everything correctly and your Expert Advisor does not go into ready mode after reloading the trading platform, as shown below, I advise you to go directly to the Expert Advisor and Journal tabs. There is all the information I can help you with) Or contact our technical support - Telegram: @elonmuskeabot
Thank you very much, I did not select currency pairs when installing ) I could not make a screenshot from the log and your specialist connected to my VPS server using the Anydesk and identified the problem
 

Jared

Administrator
Staff member
Feb 11, 2012
187
2
18
elonmuskea.com
Thank you very much, I did not select currency pairs when installing ) I could not make a screenshot from the log and your specialist connected to my VPS server using the Anydesk and identified the problem
I think that it is necessary to issue an installation and setup guide to avoid such situations.
I think that soon, I will record all the details in a video.
 

Charlie_SpaceX

Member
Customer
Apr 5, 2017
33
0
6
Thank you for this attitude to your customers. Very easy to install, I think it's very hard to make a mistake)
Before that I worked with Expert Advisors, which required individual settings for each currency pair and many additional parameters. And there was no result.
With your Expert Advisor everything is much easier and more comfortable.)
 

Jared

Administrator
Staff member
Feb 11, 2012
187
2
18
elonmuskea.com
Hi !
What settings should I apply when installing the EA ?
Hello!)
I recommend using the standard settings templates, which should give stable results with minimal risk, so I recommend using them.
 

ma21

New member
Jun 29, 2015
8
0
1
Oh, great. I get it. But what percentage of profit will I get working with these settings?
 

Jared

Administrator
Staff member
Feb 11, 2012
187
2
18
elonmuskea.com
The standard settings templates allow you to get a profit of up to 70%, but this percentage depends on many factors. Such as the choice of broker, market volatility, settings, leverage, etc. I think you better continue this conversation in another thread where clients share their results;)