EA (Expert Advisor)
EA (Expert Advisor) — An automated trading program that runs on MetaTrader 4 or 5 and executes trades based on predefined rules.
- Quick definition: An automated trading program that runs on MetaTrader 4 or 5 and executes trades based on predefined rules.
- Category: Software
Full Definition
An Expert Advisor (EA) is the MetaTrader name for an automated trading robot. EAs are written in MQL4 (MT4) or MQL5 (MT5) and run on the chart 24/7, opening and closing trades based on indicator readings, price action patterns, or external signals. JPTC EA is a multi-strategy gold/forex EA with built-in prop-firm rule enforcement.
Related Terms
MT4 (MetaTrader 4) · MT5 (MetaTrader 5) · Algorithmic Trading
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