An expert advisor (EA) is a program that runs on MetaTrader to analyse the market and place trades automatically by set rules, with no manual clicking. EAs can trade around the clock, but a flawed strategy or bad settings can lose money fast, so they need testing and monitoring.
Forex Term
Expert Advisor (EA)
An automated program that trades for you on MetaTrader.
Example
A trader might run an EA on a VPS so it keeps trading even when their computer is off.
Related Terms
Recommended Brokers
IC Markets
Best ECN Execution
Visit IC Markets
Trading Forex and CFDs involves a significant risk of loss.
Pepperstone
Best for Copy Trading
Visit Pepperstone
Trading Forex and CFDs involves a significant risk of loss.
Risk
Forex and CFD trading involves significant risk of loss and is not suitable for all investors. Leverage can work against you. This content is educational and not financial advice — always do your own research.