What is an Expert Advisor in forex?
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What is an Expert Advisor in forex?
expert advisor is a software written in metaquotes language for the meta-trader platform. it automatically trades according to its strategy and opens buy and sell orders . different expert advisors have different settings and you can set it according to your need. ie, money management, risk management,etc. all u have to do is to set it up and then it will automatically open and close trades.
but i would not recommend to use expert advisors because they can blow away your account. and they cannot understand or trade when some major news comes and thereby blowing your account.
one more point: expert advisors (EA's or robots) can be tested on long periods of time. such as last ten years of data. Considering that, one can assume that during that 10 years of testing there have been significant news. If in that testing, the significant news did not change performance (over ten years), it may be safe to assume that usually there is really low chance that some new news would actually affect performance really badly. I wrote this just to counter your opinion, cherrytrade, on signifficant news and their impact.
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well.. Expert advisor.. Generally referred as eas or forex robots do the trade automatically for us.. I've seen many newbies relying on eas . . I was one of them.. And i tried many eas . . Nothing worked for me perfectly.. Instead it emptied my capital.. Luckily it was demo and now i never recommend eas to anyone as they do not know how to react to different situations.. So i prefer manually trading and would like others to do so..
An expert advisor is a piece of software written specifically for the MetaTrader Platform. An expert Advisor can just advise traders which trades to make or can be programmed to automatically execute the trades on a live account.:):yahoo::peace:
Hello, all Indian forex member,
An Expert Advisor is a part of software on paper especially for the Met Trader stage. An Expert Advisor be able to now counsel trader which trade to make or can be automatic to mechanically carry out the trade on a exist account.
Expert Advisors are extremely supple piece of software that can get any in order keen on explanation that is obtainable on the met trader stage. They are printed in their own proprietary indoctrination words call Met Quotes Language account 4.
Expert advisor are
1. MacD
2. GMACD
3. ATR
4. CCI
5. RSI
6. MBFX system
7. MBFX timing
8. OSma
9. Parabolic etc
Those are Expert advisor.
An Expert Advisor is a piece of software written specifically for the MetaTrader Platform.To discover the forex expert advisor that all those big-shot forex gurus are praying you never find out.The best software in Forex markets has just become available to the public.
Professional experts are used in currency dealing these days thanks to the technical improvements. There are many types of them so selecting the best would be sensible on our aspect. As you can see technological innovation has been getting over in all possible areas.
An Expert Advisor is a piece of software written specifically for the MetaTrader Platform. Trader is an expert advisor that works on MetaTrader 4 Platform.expert advisor is a software written in metaquotes language for the meta-trader platform.
Expert advisor is a software written in metaquotes language for the meta-trader platform. it automatically trades according to its strategy and opens buy and sell orders . different expert advisors have different settings and you can set it according to your need. Ie, money management, risk management,etc. all u have to do is to set it up and then it will automatically open and close trades.
but i would not recommend to use expert advisors because they can blow away your account. and they cannot understand or trade when some major news comes and thereby blowing your account. There are many kinds of them so choosing the best would be prudent on our part. As you can see technology has been taking over in all possible fields.
In MetaTrader 4, there is a function called "Expert Advisor" EA commonly abbreviated, or we used to know well with the term robot. This function is used to instruct the computer to automatically analyze the charts and then make trades based on the results of the analysis. Of course, so that the computer can do it automatically, we need to provide a rule or rules, so that the computer can translate wishes and our trading strategy.
For ease of understanding, we provide the following illustration:
You are trading in the EUR / USD with H1 timeframe.
You want to open a buy, at any price up through the highest point in the last 5 hours.
You want to open a sell, at any price down through the lowest point in the last 5 hours
With the obvious rule is, you can translate it in a programming code, and make their own EA through MQL Editor that is provided when installing MetaTrader 4.
After EA so, simply pairing on H1 timeframe, then the computer will open a buy position and sell itself, without requiring you to click on any button. Thus certainly easier for traders, because it will not miss any moment analysis and, and not have to sit at the computer for hours waiting for a signal to open a position.
Basic steps to create a robot that is able to generate profit is as follows:
Think of your trading rules and strategy and translate into a complete and clear patterns. Example: Go buy if the pair moves up for 5 straight bar, then close the position if the highest point is at last bar below the highest point of the previous bar.
Pour the steps detailed at No. 1 earlier in the MQL programming language. If you have trouble, you can read a detailed guide to MQL Editor Help.
After EA was compiled, do backtest several times and find a favorable setting. Perform forward test with the best settings for 1-2 weeks.
If it continues to profit, then run the EA on real account and reap the profits, even while you sleep at night.
Expert Advisor mostly use for Robot and Auto Trading. its good Option in MT4 for more you visit Instal site
we can set different advisers according to our own permission.it written in meta-quot language for the meta trade platform and it works automatically trades according to its strategy and do sell and buy trades.
An Expert Advisor is a piece of software written specifically for the MetaTrader Platform. An Expert Advisor can just advise traders which trades to make or can be programmed to automatically execute the trades on a live account.
Expert Advisors are very flexible pieces of software that can take any information into account that is available on the metatrader platform. They are written in their own proprietary programming language called MetaQuotes Language Version 4.
Expert Advisor (EA) or often called forex robots can perform some automated trading execution and relatively faster than humans because it is very convenient facility for traders who want the ease of trading ..... but I think it still has a trading robot weakness because it is not always going to work! and generate profits......:) :) :)
Expert professionals are used in forex working nowadays thanks to the specialized up****es. There are many kinds of them so best would be sensible on our element. As you can see engineering has been getting over in all possible places.
expert advisor is an indicator or a tool that can help a trader to buy or sell determine, analyze the direction of the market, analyze the graphs and other expert advisors are very useful for newbies and professional traders because it is easy to understand and very helpful contohexpert advisor rsi (relative strength index) to measure the saturation of the market so they can pinpoint overbought or oversell and many more expert advisor that is unbelievably helpful for traders
expert advisors are some script or program to operate automated trading in forex with guide line provided by the trader or the programer. they can make a lot of profit without the help of doing any thing by the trader. some time they are dangerous too and make big loss. so first try them in demo to observed the result of its performance then go for live trading.
विशेषज्ञ विज्ञापन टोपी का छज्जा एक सॉफ्टवेयर मेटा मेटा व्यापारी platform के लिए उद्धरण भाषा में लिखा है। यह स्वचालित रूप से इसकी रणनीति अनुसार ट्रेडों और खोलता है खरीदने और बेचने का आदेश। विभिन्न सेटिंग्स भिन्न विशेषज्ञ सलाहकारों होती है और आप इसे अपनी जरूरत के अनुसार सेट कर सकते हैं। यानी, धन प्रबंधन, जोखिम प्रबंधन, आदि सभी यू है क्या करना है यह सेट अप करने के लिए और फिर इसे स्वचालित रूप से खुले और बंद ट्रेडों होगा।
लेकिन मैं विशेषज्ञ सलाहकारों का उपयोग करें, क्योंकि वे दूर अपने खाते उड़ा सकते हैं की सिफारिश नहीं होगा। और वे समझ नहीं कर सकता या जब कुछ समाचार प्रमुख व्यापार की बात आती है और जिससे आपके खाते उड़ाने।
its a software which trades on behalf of u according to your stretegies..
expert advisor me ak softwere rakha jata hai jo ap ka kam auto krata hai ap ne srif us kko play krna hota hai baqi wo khud trad lgata hai or khud us ka profit uthata hai ye samj le k ap ko kam krne ki b zarorat nhi
Forex is risky but profitable. Professional experts are used in currency dealing these days thanks to the technical improvements. There are many types of them so selecting the best would be sensible on our aspect. As you can see technological innovation has been getting over in all possible areas. Good luck.
HI FRIENDS,expert advisor is a software written in metaquotes language for the meta-trader platform. it automatically trades according to its strategy and opens buy and sell orders . different expert advisors have different settings and you can set it according to your need. ie, money management, risk management,etc.Professional experts are used in currency dealing these days thanks to the technical improvements. There are many types of them so selecting the best would be sensible on our aspect. As you can see technological innovation has been getting over in all possible areas.
i think that expert advisor is a software written in metaqutes language for the meta-trader platform. it automatically trades according to its strategy and opens buy and sell orders . most of the rich trader you use it for trading. i hear that it is very much profitable .
expertadvisors aik software hai jo k robot k sath use hota hai eis mein robot automaticaly trade
lagata hai or automatically profit pick krta hai or automatically market k trend k sath changing
lata hai or ous hisab sey he trading krta hai
An expert advisor is high end software tool that helps you in trading in Forex market. These advisors are made according to certain parameters and rules, essentially designed to be embed in your trading platform and execute trading for you.
The reason why most of the traders tend to fail in the Forex market is due to their emotional trading techniques. All traders tend to use emotions such as greed and fear of loss, which can influence their decisions. The inconsistency is another key factor that limits traders to make it large, but also many traders find it difficult to stick to their trading plan, which can costs them money.
expert advisor is like a software specially written for making auto trade.You can use it as your wish.They will open and close position as per instruction given.But it is not a good idea to use it.Because this are not so successful i think.Rather do forex yourself.
i think expert advisor is a robot or software that work automatically it will open and close trade for traders according to program and command. i think it is not good for trader, because for using that software you need amount of $10000 capital and you have to give monthly charge for that service. you will get profit 20 to 30 %percent per month. i think a good trader can easily earn that profit with this kind of amount.
one more point: expert advisors (EA's or robots) can be tested on long periods of time. such as last ten years of data. Considering that, one can assume that during that 10 years of testing there have been significant news. If in that testing, the significant news did not change performance (over ten years),
Simply put, an expert advisor is a kind of software popularly known as robots which is being used as an assistant in trading. What it actually does is automating your trading. It does all the analysis of the market for you, and open positions whenever it thinks best, or as programmed.
Expert Ad visor trade very well and also gain the profit. They have well experience and knowledge of trade. If we do'nt know then take the expert opinion from them. In this way you can able to gain the profit other wise fear to lose.
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Expert adviser mean that soft ware who automatically trade. In this way system has trade and applied the lots automatically. In this way some times trader bear the loss enough. Some times expert adviser give the sufficient profit. It is risky work to trade with Expert Ad visor.
Expert advisor aik software hai jo k forextrading mein working krta hai our eis mein kafi achi
earning hoti hai ye zayada tr robot use krney k liye use krtey hain
Expert advisor is a bunch of different software tools which are used durning live trading and if we have complete knowledge about the advisors then we make more profit by using the expert advisors.