For the rookie forex student there is a ton of information out there, but I’m sure you have already come across a forex ea. You may have heard it called a forex robot or expert advisor but they all do the same thing, automate our trading. Before we go any further you do need to know that your dreams of this tiny robot automatically trading you into your own mansion is not realistic.

A forex ea is designed by programming a lucrative trading method into a piece of software. Once installed we can drag the program right into our Metatrader platform. This little robot can do a ton of things depending on the complexity of the programming. While particular ones may just send you an alert, the more involved ones can handle all aspects of your trade.

What makes each of these expert advisors unique is in the way they are automated to enter and out of the market. My favorite feature in every forex robot is the fact that emotion is…