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How to install an Expert Advisor (EA) on Metatrader
Two of the most exciting features on the MetaTrader 4 application, especially for advanced users, is the ability to create and install custom indicators and expert advisors. This presentation will cover some of the basics for installingand how to make sure they are applied correctly. I will cover the following topics in the video.
1. Downloading and installing a custom indicator.
2. Downloading and installing an EA.
3. How to tell if your EA or custom indicator is attached to the chart correctly and activated.
Metatrader EA– What is It?
Expert Advisors, also known as Forex Expert Advisors or Metatrader Expert Advisors are automated forex trading programs.
Metatrader EAs Can be Used To:
- Execute trades according to programmed trade logic
- Place stop and take profit orders
- Close trades according to programmed trade logic
- Handle money management according to programmed logic
Main Advantage from Metatrader EAs
Metatrader Expert Advisors allows you to plan the trade and trade the plan. Hands free! Emotion free!