FAQs
What is Mayday EA?
Mayday EA is an Expert Advisor designed to automate your trading strategies on the MT5 platform, helping you to automate trade executions based on coded algorithms. It aims to streamline your trading process, allowing you to focus on strategy development rather than manual execution.
I have no experience with Forex Robots. Is it easy to use?
Yes it is easy to use. May Day is based on a new generation technology that allows you with a few clicks to install, run and start earning money. No need to be professional. Everyone can do it. It is completely hands free and the whole process is 100% automated.
How do I install and use your Expert Advisor on MetaTrader 5?
We provide a comprehensive instructional guide that walks you through the process of installing our EA on the MT5 platform. The guide also includes detailed steps on how to build and optimize your strategies using backtesting to ensure you’re well-equipped to get started.
What are the minimum requirements to run MayDay and backtest strategies?
To run MayDay effectively, your computer should meet basic system requirements, including a stable internet connection and the ability to stay on during trading hours. For backtesting strategies, while top-end hardware is not necessary, we recommend having at least a dual-core processor, 4GB of RAM, and a solid-state drive (SSD) for faster data processing. These specifications will ensure smooth operation and efficient backtesting of your strategies.
Can MayDay work when I am away?
Yes, MayDay can operate 24 hours a day, from the market opening on Monday to the market closing on Friday. It will automatically monitor your trades, open and close positions, so you don't need to constantly supervise it. However, for MayDay to function continuously, your computer must remain on and connected to the internet.
Does the robot trade every day?
If there are good conditions for trade (buy or sell) the robot will take the necessary actions. If there are no good conditions the robot will wait for the most suitable moment to open an order.
What strategies can I use with your Expert Advisor?
The EA is versatile, allowing you to customize and build your strategies from the ground up. Our instructional guide covers everything from basic setups to advanced strategy optimization, ensuring that whether you’re a novice or an experienced trader, you can tailor the EA to fit your trading style.
How does your Expert Advisor approach risk management?
Our EA integrates a conservative version of the Martingale strategy, paired with robust risk management protocols. This approach is designed to carefully balance risk and reward, aiming to enhance long-term stability without exposing your account to unnecessary risks.
How reliable is your Expert Advisor in terms of market predictions?
While our EA is designed to exploit market edges based on historical data and proven strategies, it’s important to acknowledge that markets are inherently unpredictable. We focus on enhancing probabilities through thorough backtesting and strategy refinement, but like all trading, there are no guarantees.
How does your Expert Advisor help manage market uncertainty?
Our EA is built with the understanding that markets are never certain. It leverages historical data and rigorous testing to find and exploit trading edges. While no strategy can guarantee success, our approach is to maximize probabilities in your favor, providing you with a tool that supports informed, strategic decision-making.
Can I use your Expert Advisor with any trading platform?
Our EA is specifically designed for use with MetaTrader 5 (MT5) and is not compatible with other platforms. This ensures that the EA takes full advantage of MT5’s advanced features and capabilities.
What kind of support is available for learning to use the Expert Advisor?
We offer extensive support through our instructional guide, which covers everything from strategy building and backtesting to installation and optimization on MT5. Additionally, our customer support team is available to assist with any specific questions or challenges you may encounter.
Is there a trial period for your Expert Advisor?
While we do not offer a trial period, the 3-month minimum subscription period is designed to give you ample time to become familiar with the EA, develop your strategies, and see how it fits your trading approach before making a longer-term commitment.
Is there a refund policy if I’m not satisfied with the Expert Advisor?
We do not offer a refund policy. However, subscriptions can be canceled after a minimal period of 3 months. This time frame allows you to fully understand, learn, and develop a strategy that suits your needs before deciding to continue or cancel.
