Forex24 Global: What is EA? (Intelligent Trading S
  Source:Forex24 Global 2023-04-11 10:45:06
Description:

What is EA? (Intelligent Trading System)


EA Trading (Trading Robot) is a program that runs on MetaTrader 4 (MT4) and MetaTrader 5 (MT5). They monitor the financial market and find opportunities through the parameters set therein and automatically execute transactions. Once a position is opened, EA can "add" closing conditions, including stop loss, tracking stop loss, and price limit.


When EA is only running on the trader's computer, it can be used to monitor specific markets and receive notifications when there are good opening opportunities.


How to start using an intelligent trading system


You can build it yourself or download a cut out one. EA can only be set from the desktop, and the only operation that can be performed from a mobile device is to close the position.


EA is operated by traders and can be opened/closed, as well as managed by a third party, who will ensure that EA24/7 operates 24/7.