Universal Indicator EA FAQs

Below are frequently asked questions about Universal Indicator EA

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General Questions:

1. What is UIEA?
   • UIEA is a MetaTrader 4 Expert Advisor (EA) designed to take trading signals from MT4 indicators and execute trades based on user-defined settings.
2. After purchase from MQL5 Market, How do I install UIEA on my MT4 platform?
   • Installation instructions can be found in this link https://cyberzing.com/guide-to-updating-purchased-eas-and-indicators-in-metatrader-platform/
3. What indicators does UIEA support?
   • UIEA supports custom MT4 indicators those generates signals in indicator buffers or as mql4 objects on chart.
4. In how many trading accounts can I use UIEA?
   • You can use UIEA with any number of accounts with one activation. Five activations are available, with each activation linked to a specific hardware and software setup. Utilizing an activation occurs when making changes to your computer, acquiring a new one, updating components, or migrating accounts to a VPS. Additionally, an activation is consumed during Windows key updates.
5. What are indicator buffer settings?
   • Indicator buffer settings allow you to specify which buffer of the selected indicator should be used for signal generation.
6. Can UIEA use multiple indicators for signal confirmation?
   • Yes, UIEA can use a combination of indicators for signal confirmation to enhance the accuracy of trade entries.
7. How do I set take profit (TP) and stop loss (SL) levels?
   • The user manual explains how to set TP and SL levels according to your trading strategy.
8. What is the risk management feature in UIEA?
   • UIEA includes risk management settings that let you control the position size based on your desired risk percentage.
9. If I don’t have a custom indicator, can UIEA trade on its own?
   • Yes, UIEA can trade using its inbuilt indicators or manage your manual trades. The results will be entirely dependent on the settings you have configured within the EA settings.
10. Where I can find User manual or User Guide for UIEA?
    • User guides and free tools to help UIEA users can be found here in this link https://cyberzing.com/fx/uea/user_help_doc
11. Is there any video tutorials on UIEA setup available to watch?
    • Yes, we do have few video tutorials on configuring Universal Indicator EA with indicators. You can find tutorial videos in our youtube channel playlist. https://www.youtube.com/@Cyberzing/playlists
12. Do you have any telegram or any private group of UIEA users?
    • Yes, we have Google group and Telegram group for UIEA users where you can find templates and set files. Link to groups can be found at https://www.mql5.com/en/messages/0131405661d8d601

Installation and Setup:

8. I’m having trouble installing UIEA. What should I do?
   • Refer user manual for step-by-step installation instructions. If you’re still facing issues, contact me for further support.
9. How do I activate UIEA on a specific chart?
   • Once UIEA is installed, you can activate it on a chart by dragging the EA from the Navigator panel onto the desired chart.
10. Can I customize UIEA’s default settings?
    • Yes, UIEA offers various customizable settings including indicator parameters, TP/SL levels, and risk management. The user manual provides guidance on how to modify these settings.

Trading and Strategy:

11. Does UIEA support different timeframes?
    • Yes, UIEA can be used on multiple timeframes. The user manual explains how to switch between timeframes and adjust settings accordingly.
12. What is the recommended trading strategy when using UIEA?
    • UIEA provides flexibility, allowing users to implement a variety of trading strategies. The user manual offer sample strategies as well with set files.
13. Can I use UIEA for both manual and automated trading?
    • UIEA is primarily designed for automated trading, but you can also use its signals as a reference for manual trading.

Troubleshooting and Support:

15. My EA is not placing trades as expected. What could be the issue?
    • Check your settings, indicator configurations, and ensure that the EA is enabled.
16. How do I update UIEA to the latest version?
    • The user manual might provide guidance on updating UIEA. Check this link for detailed information https://cyberzing.com/guide-to-updating-purchased-eas-and-indicators-in-metatrader-platform/
17. I have attached expert to my MT4 terminal, it say ‘Ea Expired’?
    • This could be due to an outdated EA or using a Beta version that has expired. To fix it, update the EA to the latest version. If it’s Beta, consider purchasing the full version from MQL5 Market.
18. Where can I get further assistance if I encounter technical issues?
    • If you’re facing technical difficulties not covered in the user manual, you can reach out me for assistance.