Configuration and Operation Principles
The Lucky Trader EA operational overview.
The Lucky Trader EA manages only those tickets (a.k.a positions) on the account which belong to the Lucky Trader EA: every order submitted to the account is marked with the Magic Number and, in return, only those tickets on the account will be considered by the Lucky Trader EA which are marked with this Magic Number.
In general it is recommended to run one Lucky Trader EA on the same broker account at a time. This helps understanding the ongoing trades and troubleshoot situation if and when needed.
While this maybe feasible for demo accounts this may not be feasible for live accounts where there could be the need to execute multiple expert advisors on the same account at the same time.
Using multiple expert advisors on the same account is only viable if each and every expert advisor will follow the above Magic Number principle and they manage only their own tickets on the account.
IMPORTANT: If you plan to use multiple expert advisors (other than the Lucky Trader EA) on the same account please ensure upfront with the expert advisor providers that their EA's are suitable for that as per the above.
If you plan to use multiple Lucky Trader EA's on the same account at the same time please ensure that the Magic Number is set to a different and unique number for each chart of the same market.
Here are few examples:
| Market | MagicNumber |
|---|---|
| EURUSD chart 1 | 17000 |
| EURUSD chart 2 | 17001 |
| EURUSD chart 3 | 17002 |
| GBPUSD chart 1 | 17010 |
| GBPUSD chart 2 | 17011 |
| GBPUSD chart 3 | 17012 |
| USDCAD single chart | EA default or any other |
| USDCHF single chart | EA default or any other |