What is an Expert Advisor?
A Forex Expert Advisor (EA) is a flexible automated Forex trading solution that can be added to the most popular and user-friendly platform, MetaTrader 4. More specifically, an Expert Advisor is a type of software that can completely automate trading strategies on your behalf or send you alerts prompting you to act on a Forex trade, when certain conditions are met in the market.
An Expert Advisor for MetaTrader 4 is written in a special programming language called MetaQuotes Language (MQL4). Programs like MetaEditor, which is already pre-loaded onto Metatrader 4, use this language to help traders build Expert Advisors.
How do you create and trade using an Expert Advisor?
Forex Expert Advisors are easy to create. MetaTrader 4’s easy-to-use interface combined with the pre-loaded program MetaEditor, allow traders at any level of experience to easily and promptly create an Expert Advisor.
But to get you started, the Vantage FX MetaTrader 4 platform has many templates and popular Expert Advisors already included in the platform.