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Can someone explain Indicator/EA differences

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  • Can someone explain Indicator/EA differences

    I read in basic terms that an Indicator shows you trends, signals, MA's, etc. But that Indicators (scripts) do not (or maybe is was cannot) do trade.buy and trade.sell functions. You have to write an EA to do trades.

    If I write an EA to do trades, I'd want to code in some indicators/triggers for the trades to kick in or not kick in. Should I start with one of the Indicator scripts and modify it to do trades or should I write the script as an EA (script) and copy the indicator code to get the indicators working in the EA script?

    I'm a little confused about the structure of Indicator scripts vs EA scripts.

    Thank you...

  • #2
    MT5 has indicators if you are an EA writing code check with MQL website.
    https://www.mql5.com/en

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    • #3
      I don't understand your answer. The link takes me to a page showing EA's for sale. I'm not looking to buy any EA's. I'm trying to learn to write them myself.

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      • #4
        Create yourself a login (become a member) of MQL5. once you are logged in they have lots of getting started documentation: https://www.mql5.com/en/docs/basis

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        • #5
          OK, thank you...

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