Trader's Glossary

Expert Advisors

Expert Advisors (EAs) are algorithmic trading strategies that can be used to automate trading on the MT4 platform. Also known as trading robots, bots, or algos, once loaded onto your trading terminal and enabled, they are able to react to changes in price action in real time, automatically opening and closing trades according to the conditions they have been programmed to observe. FxPro Library offers a growing number of back-tested EAs, many of which are free to download. In addition, FxPro Quant enables users to create their own EAs with a simple and intuitive interface that requires no coding knowledge whatsoever.