You have seen promotions, ads, or a friend may have posted something about an EA making money on facebook. So now you want to know exactly what this EA thing is in the forex market. I have actually built an EA in the past that does work doesn’t mean I use it anymore but I will go over the info that will hopefully help you make a decision.
So what exactly is an EA in Forex? EA stands for Expert Advisor. This is a bit of software you upload to MT4 (trading station) that will automatically do a task for you most of the time will generate trading signals or even place your trade for you.
There are many ways an EA can be used while trading forex which we will discuss in this article.
Expert Advisor’s Use In The Forex Market
What Does EA Mean In Forex?
What Is An MT4 EA?
How do I add an EA to MT4?