What is Expert Advisor?
Is a program created To be able to trade automatically under the condition that determines. Whether it is stocks, currencies around the world, including commodities such as oil, silver, gold, the program sends commands and conditions into the server machine of the broker. For transactions with trading Software MT4, MT5 for the control of trading to finish completely.
Is a program created To be able to trade automatically under the condition that determines. Whether it is stocks, currencies around the world, including commodities such as oil, silver, gold, the program sends commands and conditions into the server machine of the broker. For transactions with trading Software MT4, MT5 for the control of trading to finish completely.
Strength
- Can be traded 24 hours a day in the open.
- Not use temperament for trading. Because EA trading by conditions
- Do not monitor graph
- Open-Close Order,and calculate Money Management is fast, for people who do not like to calculate.
- Profitability has continued, if we set parameter properly.
Weakness
- EA will trade under the conditions indefinitely if Margin is not enough to make a loss.
- If we used EA without understanding the function of the EA, the risk of loss.
- Restrictions and conditions of each Broker, like EA a trading strategy in a Hedge Strategy, but there is some Broker doesn't allow to trade this strategy.
