Monday, January 26, 2009

What is an Expert Advisor

An expert advisor is a script for the MT4 platform that automatically make trades for you. They will run day and night searching for potential trades entry as long the platform is not closed.

There's plenty of expert advisor sold online for you to buy and use. Download it to the hard drive and copy it to the platform directory. Launch the platform and attach it to your preferred pair or the pair that the ea is designed for.

Most Expert Advisor has been backtested for months and some even years before being sold to the public. You can test it as well on demo and see if its profitable.

Even Expert Advisor are tested and backtested, they will be some losses. Even a pro trader will make losses, so dont expect an automated trading method will win all the trades for you. The key for succesful trades are keeping profit high and minimize losses ratio ..

No comments:

Post a Comment