What is EA Forex?
EA Forex is an automated forex trading system. Commonly known as Forex Robot. It typically works on MetaQuote trading platforms. This program allows the user to search for signals and automatically monitor and track orders.
Execute trades using pre-programmed algorithms. Based on the parameters that it has pre-set, the EA will automatically look for opportunities to make certain trades after it has noticed the positive signals of a great trading opportunity. EA will automatically notify. At this time, investors will base on that to analyze and research, then make decisions whether to trade or not.
Advantages of using EA Forex
The market never rests, it's always fluctuating, and it's impossible for a trader to monitor and update constantly. And the Forex EA was opened to help with this. The investors won't miss out on good opportunities because the EA already handles them automatically.
The Forex EA is not governed by emotions, impulsiveness, following the crowd or psychological fear. This is one of the reasons why many investors lose accurate judgments at important times.
The EA will also replace investors who update multiple movements and indices at the same time.