What is an Expert Advisor (EA)?

An Expert Advisor (EA) is a program designed to run on MetaTrader, a trading platform developed by MetaQuotes. While MetaTrader comes with the standard charting and trading features you expect from a trading platform, the ability to run Expert Advisors to extend the platform’s functionality is a key reason for its popularity.

What is a forex expert advisor?

A Forex Expert Advisor is a software that automates trading functions. Based on algorithms, Forex Expert Advisors notify traders of trading opportunities and suggest trades that can be profitable. Expert Advisors work on MT4 and MT5. MetaTrader 4 & 5 are popular trading platforms perfect for automated Forex trading.

What are expert advisors in MetaTrader 4 & 5?

What are Expert Advisors? Expert Advisors (EA) are programmes or pieces of code, which when uploaded into the MetaTrader 4 and MetaTrader 5 enable you to engage in forex trading via automated trading. Each Expert Advisor is unique and built to the individual user’s taste preferences.