What Is MT4 EA? Forex Trading Platforms and Software

Now that we have the Internet, Forex isn't just for a few big investors as it used to be

. The Internet changed it all, even Forex trading. All is done online now, using software platforms...

Automated trading software, like Expert Advisors or Forex robots are software, able to work non-stop placing your trades for you or alerting you on good ones.

Expert Advisor is applied to robots built on the Metatrader 4 platform, which is the most popular way of writing automated trading software, most Forex software you'll see online is for MT4 platform since many brokers have their client software platforms on Metatrader 4.

By using platforms like Metatrader 4 a technician can create a robot without having to build everything from scratch with raw code. Traders who are technically minded can enjoy the challenge of automating their own profitable forex trading systems by building their own EA on the MT4 platform.

Of course it's easier to hire a programmer to have it done for you, but traders or companies developing automated trading software are usually protective of their systems...What most successful traders would do is build their EA themselves without revealing the secret trading system to anybody else.

So you see how most sophisticated trading software comes to life...

Automation seems to be the name of the game. Brilliant minds instruct software to trade for you, automating almost completely all the regular tasks of a trader.

Most investors want a Forex robot trading for them so they can focus on organization, optimization...drinking margaritas in their free time...

Some robots adapt to market fluctuations, some won't. Some place many trades but getting little profits in each while other FX robots would "be more patient" and wait for a better opportunity to trade and get better returns in just a few moves.

First, try to focus on finding general information to have a bigger picture: the different types of trading software and how they work, whether or not other tools can be complement to a trading system, and so on. Only once you have a clearer general picture will you start focusing in particular details...

Like everything in life, having a clear picture of what you're after will make the selection process a lot easier and you'll have the expected outcome: The best automated forex robot trading (making money!) for you!

What Is MT4 EA? Forex Trading Platforms and Software

By: Denis Marsili

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