Forex EA is the shortened form of Expert Advisor and the abbreviation of forex trading system. It is a programmatic trading system of the MT4
platforms (Metatrader4), in which the language written is MQ4.A forex EA
is a complete trading program. By programming the trading ideas, the
trader make the computer to place an order and to execute the
transaction according to a pre-set forex trading strategy. The program
obtains real-time market prices through the banking system. It also
automatically places orders and grasps the timing of closing positions
without mental interference.To get more news about
WikiFX, you can visit wikifx official website.
What are the advantages of Forex EAs over traditional human trading?
1. Proven trading strategies for real trading.
2. Remove the emotional factor from your trading. Your weaknesses of human nature will no longer play a role.
3. Place automatic orders and automatically adapt to changes in price movements and trends.
4. The computer will monitor the market conditions 24 hours a day, without manual operation.
5. Strict risk management prevents excessive trading.
