A Forex Expert Advisor also known as Forex Trading Robot and EA is a mechanical trading system written in the MQL-4 programming language and designed to automate trading activities on the MetaTrader 4 platform. MetaTrader expert advisors can take control of your trading account and make trades according to whatever parameters you set. Forex Trading Broker India
The advantage of using an EA is that if you already have a mechanical system in place, you can create an EA to replicate the actions required once your system gives you a signal. This is particularly useful if you like trading multiple pairs or if you just don’t have the time to to be in front of your computer to trade. Forex robots stay on until you turn them off. You could be sleeping or just enjoying time with your family. The robot will keep its eye on the market and trade according to the rules that you set. Forex PAMM Management India
Expert Advisors for MT4 are all unique and different in the rules they follow to enter and exit the market. Expert Advisors eliminate emotional trading decisions that damage beginner trading accounts. Forex Expert Advisors allow investors to exercise a very strict trading system without falling outside pre-programmed parameters.
There are many different types of MT-4 Expert Advisors depending on their intended application. Some are designed specifically to trade news events and remain out of the market all other times while other MT-4 Expert Advisors are meant to remain active 24x7. Experienced traders who have their own fine tuned manual trading systems sometimes hire MQL-4 programmers to automate their systems thereby creating custom MT-4 Expert Advisors. All expert advisors have the same goal and that is to automate trading operations.
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