Forex EAs and Robots Forex Expert Advisors, or Trading Robots, are automated trading systems and are programmed to alert when trading opportunities arise. They can also manage trading accounts automatically by performing actions such as sending orders directly to the appropriate broker’s server and automatically adjusting stop loss, trailing stops and taking profits./nExpert Advisors for MetaTrader 4 are all unique and different in the rules they follow to enter and exit the market and are designed to eliminate emotional trading decisions that cripple novice trading accounts./nThey provide investors with a very strict trading system which prevents them from falling outside pre-programmed parameters./nIn addition, Forex Expert Advisors are designed to evaluate more parameters at the same time than humanly possible./nAll of the technical indicators that are available in the MT-4 platform can be brought to bear in the logic used by an Expert Advisor in almost any way that one can think of thanks to the MQL-4 programming language./nThere are many different types of Expert Advisors categorized by their intended application. Some are designed specifically to trade news events only while others are active continuously.
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