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what is an EA

  • #1
  • First Post: Dec 21, 2009 5:33pm Dec 21, 2009 5:33pm
Hi i am a newbie and would like to know what is an EA and how it is used in forex trading

thanks
  • #2
  • Dec 21, 2009 6:33pm Dec 21, 2009 6:33pm
Quoting rgv_2009
Hi i am a newbie and would like to know what is an EA and how it is used in forex trading

thanks
EA is a script/program you write and run on metatrader. you program the EA to do analysis and buy and sell according to your strategy. the EA runs autonomously which means you can set it and walk away from it.
  • #3
  • Dec 21, 2009 6:45pm Dec 21, 2009 6:45pm
Quoting rgv_2009
Hi i am a newbie and would like to know what is an EA and how it is used in forex trading

thanks
EA stands for "Expert Advisor". It's a script that attaches to a Metatrader chart. Most EAs (expert advisors) automate either all or a portion of your trading based on certain rules.
  • #4
  • Last Post: Dec 21, 2009 9:51pm Dec 21, 2009 9:51pm
How can one learn to write these EAs?
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