Expert advisors are the forex trading robots. They are programs that allow automation of the analytical and trading processes in the MT4 platform. They are written in their proprietary programming language called Metaquotes Language Version 4.
In this growing world of technology, robots have outlived humans in cases of data storage, calculating complex algorithms. These mechanical robots can store your preferences and replicate your trades on a click of mouse so that you can repeat your trades multiple times.
These robots do not take decisions based on emotions so if your preferred currency pair is on a downfall it will prompt you not to go with that trade.
This automated trading is based on complex algorithm and helps in easier and faster trading.
As they say, a little knowledge is a dangerous thing; we would suggest you to go through all the aspects of EA that you plan to use. For example if your preferred EA is centered around averages, make sure you know if it uses simplified or exponential moving averages and how many bars it covers.
Need help creating new EAs or adjusting your current EA? We are here to help you with your automation needs.