I heard alot here in the forum EA. Sorry but im junst a noob. What is EA? Thank you very much.
First off, Hi, and welcome to BabyPips, ( even tho you’ve been here for 3 years)
A big part of Forex, is problem solving, digging deep, and discovering things on your own.
Not trying to beat a dead horse here, but How can you possibly even begin to trade, if you cant find simple answers on your own?
Not trying to be a jerk, but come on man, really?
Some old same threads are:
http://forums.babypips.com/newbie-island/2802-what-ea.html
http://forums.babypips.com/newbie-island/31059-what-ea.html
http://forums.babypips.com/expert-advisors-automated-trading/30656-what-e.html
More info can be found here: What is an Expert Advisor
EA- expert advisor. In other words, it’s a robot that leads a trade for you. Many people think that trading can’t be led automatically and never use EAs. And not all brokers let traders use EAs. And why are you interested in EA?
You see I’ve been around for three years but as you can see I only have 17 posts. And also I am not yet Trading.
to make it simple EA’s are Expert Advisers, they are like automated trading, you have to program them (if you are a programmer) or buy them, but… if you are new to forex trading, avoid them for now, and the best step to do right now is go through pipsology school, or babypips school. that way you ge to know the basics of trading forex, though I’ve been trading with hotforex for months now, but never did i use an EA. codes and jingoy do not mix well
I am not interested in EA I just see many traders use that Abreviation and I dont know what’s the meaning of it… Now I know… I Think it wont fit me anyways… Thanks for the reply…
Nowadays many people tend to somebody or something that can lead trade for you. It’s easier for them and they don’t even have to know anything about forex, they only should have money to invest. And do you have any strategy in trading?
For know i dont have a concrete strategy but I think Pure Price Action will suits me since I dont want anybody do a trade for me…
EAs aren’t only for trading.
They can be alerts that send a message to your phone that a entry signal has shown up, while you’re away from your desk. Or a notification that certain price levels have been reached, or breached.
They can manage your trade after you manually enter one, by moving stops to B/E at certain points, or trailing just like you would. They can link news sites to your trading platform for important alerts, so you can see everything on one screen.
Bottom line, they can do far more than just blindly take trades.
I am trading for 3 years but new in babypips.I am full time trader and in the same
time I am teacher of forex market.My student mostly ask me about EA and I answer them
use it as option not your boss.I mean you can use EA for better trading but never let EA to
manage all of yours funds.
But if you need know more about EA I can help you,Like which broker accept or which
EA is more trusted by trader or etc.
forex EA Definition
Forex Expert Adviser. Add-on software used with a MetaTrader currency trading platform. A Forex EA is used to automatically generate trading signals on the forex trader’s behalf. Some software also allows for automatic trades under given conditions, and may include trailing stops so that currency traders can maximize on trends and not lose out on profit making opportunities. These programs tend to follow popular technical indicators like MACDs, moving averages and stochastics.
Expert Advisers are known as EA, they are use in automated trading. There are lots of EAs in the market, you can make one (as a programmer) or you buy them online. Just to share, I’m using Tradecopier dot com as my EA. It lets me copy signals from one Metatrader (Master) account to another Metatrader (Slave) account over the internet.