The forex expert advisor is a program capable of performing in the terminal any action following the instructions of a trader, without his direct involvement.
Forex Expert Adviser is add-on software used with a MetaTrader currency trading platform. A FX EA is used to automatically generate trading signals on the forex-trader’s behalf.
All tasks are performed automatically or mechanically, which is why the advisors are called experts or mechanical trading systems (MTS).
Forex trading and an expert advisor is a piece of software that tells you when to make trades or even automatically initiates and executes-trades according to preprogrammed instructions.
Expert advisors are most often deployed on the MetaTrader 4 or MT 5 forex trading platforms.
The EAs are programs that run on the Meta Trader 4 platform, used to monitor and trade financial markets using algorithms.
They find opportunities according to the parameters you set, then either notify you or open a position automatically (Forex Robot).
To enter the editor, just right-click on an existing expert advisor in the left-hand navigator pane and select modify from the menu.
The MetaEditor of MT4 will then open, and you will be able to create a new file.