What is an Expert Advisor?

Automated trading robot

In the world of forex trading, an expert advisor (EA) cannot be ignored. EAs are hot. But you probably don't know yet much about this programs, otherwise you wouldn't be here on this page searching for information. From the outside a EA sounds simple, but a good EA is far from simple. An EA is a piece of software that tells you when to make trades or even automatically initiates and executes trades according to preprogrammed instructions. We called it: algorithm. But how does it know how to enter? We use indicators to do this. And of course other nerdy stuff, but thats probably not important for you.

Expert advisors are most often deployed on the MetaTrader 4 or 5 forex trading platforms. You can use our existing EA or create your own based on the trading parameters you like. These EAs are written in a programming language called MetaQuotes Language (MQL). Both MetaTrader and MQL were developed by MetaQuotes Software Corp. Our team can develop custom Expert Advisors in the following language: MQL, Python and C#.

Why automate such kind of strategies?

Using an expert advisor, or a similar trading tool called a forex robot, to carry out trades in your absence enables you to take advantage of trading opportunities while you're working, asleep, or otherwise occupied.Using an EA also removes the emotional factor from your trading. Your fear or greed won't play a role in whether you choose or decline to respond to trading signals; the EA will carry out trades based on your instructions without considering how it would spend a profit or weather a loss.

We coded it for you

Coding your own EA could take months and years of experience. It is great if you developed a skill like that, but you would missed out a lot of profits of course. CC-21 Expert Advisor. The algorithm of the robot's work is to analyze the market dynamics using the analytical module of signals, it uses CCI , MA indicators for trend detection and ATR-based take-profit. The expert advisor can use Average True Range indicator to automatically choose take-profit levels for a trade base on the preceding volatility of the currency pair. ATR value is calculated based on the given period. The steps and take profit are calculated based on separate multipliers before entering opening a position. Upon receiving the desired profit, the robot closes open orders. It uses trailing to lock and maximize the profits. Another innovative piece made especially for you, so you don't have to code it.

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