Alik Blok's blog
For money and
a healthy lifestyle

What is Expert Advisors (trading robots) for automatic trading in the Forex market

Table of contents

It sounds strange, does not it? Trading robot! But, yes, there is such a definition without which not one trader can do.

What is a trading robot (advisor)?

Trading robot (Forex Advisor), it is also called a Forex expert or trading system - it is a file of a certain extension, with the trading algorithm prescribed in it.

For the metatrader 4 trading terminal (mt4), this file usually has the extension .ex4 or .mq4.

What is an advisor used for?

Advisor is necessary for automatic and semi-automatic trading in the Forex currency market. That is, to the trader (who such a trader read below), he lived his life, and did not constantly monitor the graphs on the monitors.

Advisor is an indispensable assistant to a trader when trading in the Forex market. The counselor does not know fatigue, does not feel emotion. No trader trades without the help of advisors. Approximately 90% of traders around the world use only advisers, do not trade much themselves, trade is trusted only by advisers.

METATRADER trading terminal and trading robot (advisor)

Advisor and trading terminal metatrader is a joint trading system. The advisor is installed in the trading terminal. The terminal using the algorithm prescribed in the EA opens and closes transactions - orders (positions).

How is automatic earnings done using advisers (trading robots)?

When the "Auto-trade" function is enabled, the metatrader trading terminal reads the advisor code. Then reads the behavior of the currency pair on which the trade takes place. And on the corresponding signal opens or closes a transaction - an order.

This is how automatic earnings take place on the Forex currency market, or else it is called earnings on autopilot.

Do you like the article? Share with your friends:
Article rating:
Views: 295
Dear visitor, you came to the site as an unregistered user. We recommend you to register or go to the site under your name.
Write a comment
Your name: *
Your e-mail address: *
Comment text:
  • bowtiesmilelaughingblushsmileyrelaxedsmirk
Question: Земля круглая или плоская? Укажите неправильный ответ.