📖 Financial Lexicon Term
What is Expert Advisor (EA)?
An automated trading program that runs on MetaTrader platforms (MT4/MT5). It follows pre-programmed rules to open, manage, and close trades without human intervention.
Detailed Explanation
An Expert Advisor (EA) is a trading robot written in MQL4 or MQL5. EAs evaluate price charts programmatically and execute orders automatically, removing human emotion and enabling 24/5 systematic trading.
💡 Practical Trading Example
A trader codes a breakout EA that automatically buys the EUR/USD if the London session high is breached by 5 pips.