What is a forex expert advisor?

So, what is an Expert Advisor? A Forex expert advisor is an automated system, which monitors the Forex markets and provides signals upon identifying trading opportunities. Although we do not recommend any specific forex expert advisors, due to their unpredictability, some professional traders do find them to be of benefit.

What is an Expert Advisor (EA)?

In the world of foreign exchange (forex) trading, an expert advisor (EA) is software that tells you when to make trades. You can even program the software to initiate and execute trades for you by using your trading criteria. Expert advisors are most often used within the MetaTrader 4 or 5 forex trading platforms.

What is an expert advisor in MetaTrader 4 & 5?

Expert advisors are most often used within the MetaTrader 4 or 5 forex trading platforms. You can use a current EA or create your own based on the trading parameters you like. These EAs are written in a programming language called "MetaQuotes Language" (MQL). Find out more about expert advisors and how they can help you trade.

What is a forex EA?

This is one area where Forex EAs can help. So, what is an Expert Advisor? A Forex expert advisor is an automated system, which monitors the Forex markets and provides signals upon identifying trading opportunities.