Synonyms: EA, Expert Advisors, EAs
Traders have long understood that the main obstacle that makes trading so difficult is the human factor; feelings such as greed and fear that are embedded in every personality are the main reasons traders lose money in the market. It is also the reason why algorithmic trading became so popular. It completely neutralizes the “human factor” in trading.
The most popular trading platform that enables algorithmic trading is Metatrader 4 with the MQL4 language as well as the newly released version MetaTrader 5 with much more advanced language MQL5.
The name of this feature in MetaTrader platforms is called “Expert Advisor”, “EA” or “Expert”.
We recommend visiting the software company’s website MetaQuotes, where you will find a large variety of experts, customized indicators and scripts, as well as an extensive material to help you build your strategy.