Automated Trading (EAs)

Yet another exciting part of Forex trading is that you can be a market participant by the use of Automated Trading. How is that achieved? Well, with MT4 which is the platform of choice here at Forexscream, you will need to use programs that go by the general name of Expert Advisors or EAs for short. They can be programmed by you, or purchased from a 3rd party. I’ll make sure to update a list of verified EAs below for you to check out.

small robot

EAs are programmed to follow a specific set of rules, and when these rules are satisfied trades are placed accordingly. For example, If we wish to follow the Moving Averages strategy we can program an EA to open a position when the averages cross each other at the correct top to bottom order. I’ll make sure to elaborate on this topic a lot more, real soon.