What is an EA?

[laoxmagokzalewz]

Hi, I'm a newbie, can someone tell me what's EA mean? Where can I read more?

thank you

[joan178]

An EA, or Expert Advisor, is simply a trading platform hard coded into a computer program, which can then automatically trade for you. It is portion of MetaTrader 4, and it is a free program that I promise will boost your trading. I suggest you read up on these topics much more before you choose to implement them.

[Nachwemk]

I can't recall exactly what EA stands for but it is a sort of autmatic trading system.

You put it on, place it directly and it enters, exits transactions for you.

It analyzes whatever it is programed to anlyze, things like MA corsses or RSI being over bought/sold.

They are mainly run off metatrade 4 platform and IMO are not very reliable at all. I would not trust my money to a gadget.

I'm an oldschool trader.

[laoxmagokzalewz]

Ohh man I love this forum, thanks for the speedy answer...

one more question, which EA do you guys propose to start playing around with? (I'm still on the demo account) I been trading stocks and options for more than 4 decades now, so that I understand how charts and technical analysis work!!!

And just how do you set up an EA? I see the EA files from the forum but don't understand where you put documents into MT4...

Thank you for the response

[Pugu83]

I heard that the mind EA is the very best, look around you might find it someplace.

[allixx]

Gadget?

If an EA is a gadget then does not that make a computer a gadget also?

Are you trusting computers to properly execute the orders you submit?

I prefer coding my egies into the computer because it can process faster than I could and it does it the exact same way everytime. I really don't have to THINK, PROCESS, ETC.. . All I have to do is REACT.

But then again, my degree is in computer science so this stuff is a piece of cake to me.

I can only trade 1 instrument at a time because I am a scalper by nature. But the computer egy I composed can trade as many instruments as I load into it.

Cars where gadgets at one time...

YOU CAN'T STOP PROGRESS!

Hey, can u provide me the EA documents? I really curious with that thing!

Thanks!!

[mubio6594]

For MT4 platfor there is one good portal: http://www.mql4.com
You are able to fully adjust your EA because you like in any possible manner!
I favor hand trading not EA, but is only me

[jcamlllj]

EA is a idle traders reason for blowing off his/her account . KEEP OFF EAs

[isapg92]

EA stands for Expert Advisor which basically advise traders to plan orders automatically to execute trades on accounts.

[gemii99]

Hi, I'm a newbie, can somebody tell me what is EA mean? Where do I read more about it? Thank you

EA as others have pointed out stands to get expert advisor..but will indie that you stick with guide trading rather than depend on third party codes to exchange for you. .