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.

Use forex EA in a sentence

You should always shop around and good a good forex ea on your side so that you know you are getting a good rate.

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The forex EA was an incredibly useful tool when it came to trading and Jerry wasn't sure how he had survived without such advanced technology.

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Once he installed the FOREX EA software he knew his efficiencies would improve. The software would help automate some easy processes and make him more efficient.

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