hi,please tell me what is ea and how to use it and what we get by using ea and is it easy to manage or difficult?please share
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hi,please tell me what is ea and how to use it and what we get by using ea and is it easy to manage or difficult?please share
EA or robots are programmed software which trade automatically as they are programmed but I prefer to trade myself based on my analysis and not rely on any EA for trading.
Expert advisors or robots are automatic trading based on predefined values. some of them are free while some are sold at a premium. And most of them are run on a vps server so that they can be used round the clock. its easy to use but minor tweaking is required to suit the market conditions.
usually the EA is a program that automatically do the trading for you . this is done as per the strategy we used to built it . there are a lot of EA's available out here , but most of them are not good to use , yet there are some good EAs which will bring you much profit if you use it wisely.
EAs are expert advisers or also known as robots. They are softwares that are programmed according to a strategy , and do trading automatically.
The advantage of using EA is you do not analysize the market always, and EA do trade for you even when your PC is powered off. But if you are new in market and do not have a strong strategy then you can not do trading with EAs.
please also share how to use ea in trading and is ea available in mt4terminal?if yes please tell how to use it as i wanna try the ea if it works for me in getting good profits or not?
Sorry there i must contradict you. There are many EA´s in the market that function very well. But the problem is another. Most of them need the right Broker and right market soroundings, like spread and right execution speed also no requotings and so on to work well. If you have an EA that works with a functionating strategy it won´t be function if you have not the right broker.
So i test EA´s since 2007 and there are many of it that works well. There are many to buy but there are many free that works good.
EA means Expert Advice ye ek automated trading system hota hai jisse hame kuch nahi karna hota hai jo bhi trading hai wo ye robot hi karta hai par mere hisab se trading ke liye ise kabhi use nahin karna chahiye isse hame profit kam loss jyada hota hai aur jo maza aur fear manual trade me aata hai wo automated me nahi.
Yeh EA are used for automated trading and these are pre-designed programs/script that is written by expert forex traders that can simulate their manual trading, i.e designers try to instruct these advisors about possiblities in which situations to enter trade and when to close them.
I do not like using expert advisor because it's unreliable and it is a robot programmed so if there's a newness that changes the motion of the robot market can not avoid the loss I like even used a strategy that I win at least I am less and avoid the risk