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I need help on getting started with Expert Advisors

Page: 1
Nov 17, 2012 07:39 am
#1
bbasiit123 User

Posts: 53
Member since: 09/11/2012

Please  i m new in forex so want to know what are expert advisors and how to use them? do they do trading for us? what si its advantage?

Nov 18, 2012 12:38 pm
Jogi User

Posts: 685
Member since: 06/06/2011

Expert advisor (EA) is a program based on a strategy. Most of the EAs r available for MT4 platform. To use them, u need to put EA file into MT4 EA directory which u can easily find by googling. EAs do trading for u.

To use an EA u just need to enable EA on the chart where u want to use it. You can also find a lot of videos and articles on how to use EA. 

Advantage can be accuracy, no effect of emotional factors and greed, 24/5 trading.
Disadvantages can be if EA is bad, it can blow ur account. It is hard to find a good EA. 

http://www.fxstat.com/widget/link?t=wide&c=1&s=26883&o1=growth&o2=drawdown&o3=monthly&o4=equity

Nov 21, 2012 02:41 pm
illiterate User

Posts: 561
Member since: 21/04/2011

Originally posted by bbasiit123

Please  i m new in forex so want to know what are expert advisors and how to use them? do they do trading for us? what si its advantage?



Looks like u r a newbie. But ur posts on other threads dun support this statement. It seems u have good theoratical knowledge of forex.  Your question is well answered by jogi. 

I want to advise one thing. NEVER buy an EA from any website.

https://www.fxstat.com/widget/link?t=medium&c=1&s=25892&o1=growth&o2=drawdown&o3=monthly&o4=equity

Nov 24, 2012 03:19 pm
Sasha User

Posts: 836
Member since: 16/05/2011

Originally posted by bbasiit123

Please  i m new in forex so want to know what are expert advisors and how to use them? do they do trading for us? what si its advantage?

 



Do u have any expert advisor? or r u planning on buying one? As u dont know much about EAs, I recommend u to take opinions of different users here about the EA u r planning to buy.

Nov 26, 2012 01:14 pm

Posts: 939
Member since: 21/04/2011

Originally posted by bbasiit123

Please  i m new in forex so want to know what are expert advisors and how to use them? do they do trading for us? what si its advantage?

 



There r 2 types of expert advisors. automatic and semi automatic. Automatic EAs will do trading 24/5 for u once u set it up.

Semi automatic EAs need some manual work. 

Stick to your rules

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