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What is an Expert Advisor (EA)?

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Question
What is an Expert Advisor (EA)?

Answer

An expert advisor, also commonly referred to as an EA, is a trading robot that automatically places trades for you. They work using mechanical rules that can be described using a series of if/then statements.

What’s great about an EA is that even when you are sleeping or working at the office, the expert advisor looks for trading opportunities. Traders also like the fact that an EA never decides to take trades that don’t match the desired setup 100%.


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Views: 265 Created on: Apr 19, 2017
Date updated: Apr 19, 2017

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