forex EA Definition

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.

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