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  What is a forex Robot or Expert Advisors?
  Last up date : 3/08/2014

Automated Trading, also known as Algorithmic Trading, is the electronic management of trading. As the name suggests, this computerised management is automatic - triggered by set algorithmic parameters such as, but not limited to, timing, price and quantity of the order.

What is a forex Robot or Expert Advisors?

A Forex Expert Advisor (EA) is a flexible automated trading solution that can be added to the most popular and user-friendly platform, MetaTrader 4. More specifically, an Expert Advisor is a type of software that can completely automate trading strategies on your behalf or send you alerts prompting you to act on a trade, when certain conditions are met in the market.

An expert advisor for MetaTrader 4 is written in a special programming language called MetaQuotes Language (MQL4). Programs like MetaEditor, which is already pre-loaded onto Metatrader 4 and 5, use this language to help traders build Expert Advisors.

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