Expert Advisor (EA)
An automated trading system designed to execute trades in the financial markets based on pre-set rules and parameters. Traders use EAs to take advantage of trading opportunities 24/7, or who want to automate their trading strategies and eliminate the need for manual intervention.
Programming languages such as MQL4 or MQL5 are used in conjunction with trading platforms such as MetaTrader 4 or MetaTrader 5 to automate trading with an EA. For example, EAs can analyze market data, such as price charts and technical indicators, and make trading decisions based on these inputs.