An expert advisor (EA) is a type of software that is used to automate trading in the MetaTrader platform. An EA can be programmed to follow a specific set of rules for buying and selling financial instruments, such as currencies, stocks, or futures. EAs are often used by traders who want to automate their trades or by investors who want to diversify their portfolios.
EAs can be programmed to follow a variety of different strategies, such as trend following, scalping, or news-based trading. They can also be programmed to use different types of technical indicators and analysis to make trading decisions.
Expert Advisors can be very helpful for traders who want to automate their trading, but it is important to remember that they are not foolproof and can still make mistakes. It is important to carefully research and test an EA before using it to trade real money.
It is necessary to keep in mind that the expert advisor has no feelings that influence his trading, he will follow the instructions given to him by the algorithm and the preset configuration to open and close trades.
A good robot is not only categorized by the potential profit it makes, but by how it operates.
There are robots that base their operation on a very low risk trading, opening a small amount of operations getting small profits but with less risk than the high risk ones.
A clear example of a low risk Expert Advisor is Evil Twin.
Here is a short list of the most requested EAs by traders due to their performance and compatibility with all brokers:
–Scalper 2025
–EuroScalper
–Golden Mammoth
–scalper pr0 EA