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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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    Senior Member asingh601 will become famous soon enough asingh601 will become famous soon enough asingh601's Avatar
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    Quote Originally Posted by cherrytrade View Post
    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.
    aapne bahut acchi tarah se bataya ki expert advicer kya hota hai par ye nahi bataya ki ye ek robot hai jo automatically sare decision leta hai aur trading karta hai iski apni ek strategy hai aur wo usi ko follow karta hai iske pass apna dimga naam ki koi chiz nahi hoti hai bas isliye iska upyog khatarnak ho jata hai apne se trading kare wo hi bahut acchi hai.
    दोस्तों धन्यवाद हिंदी में पोस्ट करने के लिये कृपया हिंदी को बचाने में सहयोग करें। आज आपका एक कदम कल हिंदी को खत्म होने से बचा सकता है। आगे आएं और हिंदी में पोस्ट करे लिखे और जवाब दें। जय हिंद !! धन्यवाद ।।।

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    कर्म करो फल की चिंता मत करो ---- श्री कृष्ण

    जय श्री कृष्ण

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    Senior Member Ali110 is an unknown quantity at this point Ali110's Avatar
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    you mean some ssrt of robot? isnt this called auto trading or something?man its terrible to see an automatic software doing the business for you and either earning you the day or blowing you out for good.

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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 umarmsg is an unknown quantity at this point umarmsg's Avatar
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    Quote Originally Posted by kisor View Post
    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.
    The forex e-books are great medium for the beginners to quickly understand about the forex trading business. The Backdraft FX is one of the books available in the internet containing all the details of a foreign exchange trading market.

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    Banned fxrafi4 is an unknown quantity at this point fxrafi4's Avatar
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    How are you able to be a part of a Forex forum? first of all, you may have to be compelled to sign in for associate degree account as what the forum's owner needs you to try to to............

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    Senior Member madni434 is an unknown quantity at this point madni434's Avatar
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    yes forex trading kay bary main bohat sary forum mojood hain
    aur ap ko jo bhe forum acha lagy jis sy kafi sari achi informations
    mily os forum main apna account bna ky informations hasil kerain
    aur pher apna forex ka kam start ker dain

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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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