An Expert Advisor (EA) is a piece of
software that automates a trading system. It is a program that is
created to aid (or even replace) you, the trader. It is capable of
executing trades on your behalf, on your account, based on the rules
of the trading strategy it automates. Such programs are popularly
known as “trading robots”.
They can watch the market 24/7, open
trades, close trades, basically do anything that a human trader can.
But since it is a machine it is much more accurate and faster than
you. It will never get tired and it will never allow emotions to
alter its decisions.
An example of such Expert Advisor is
our GRIDAlgo EA. It is a professionally coded, fully featured grid
trading robot. It enables you to automate a wide range of grid
trading systems. You have full control over its work through its
settings. We explain in details each and every one of them during the
Grid Trading Course.
Here’s an example of the GRIDAlgo
EA in action:
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| Video of GRIDAlgo EA Executing the News Grid Trading System |
Related posts:
MetaTrader 4 (MT4) Basics – 10 Reasons to Use an Expert Advisor aka a Trading Robot
How to open practice (demo) account in MT4
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