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Thread: What is an Expert Advisor?

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    Junior Member David rock is an unknown quantity at this point David rock's Avatar
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    What is an Expert Advisor?

    What is an Expert Advisor in forex?

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    Junior Member cherrytrade is an unknown quantity at this point cherrytrade's Avatar
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    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.

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    Deepanshu (02-02-2015)

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    Junior Member flips is an unknown quantity at this point flips's Avatar
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    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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    Senior Member kisor is on a distinguished road kisor's Avatar
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    How can you join a Forex forum? Firstly, you will need to sign up for an account as what the forum's owner wishes you to do.

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    Senior Member subashbks is an unknown quantity at this point subashbks's Avatar
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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..
    Nobody is perfect....I am nobody

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    Banned pkd8915 is an unknown quantity at this point pkd8915's Avatar
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    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.

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    Member mithunsarkar is an unknown quantity at this point mithunsarkar's Avatar
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    What is an Expert Advisor?

    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.

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    Senior Member forexlearn is an unknown quantity at this point forexlearn's Avatar
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    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.

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    Member nirmaldu is an unknown quantity at this point nirmaldu's Avatar
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    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.

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    Senior Member Khan Mustafiz is an unknown quantity at this point Khan Mustafiz's Avatar
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    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.

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