2. EA are computer programs that
automatically execute FOREX
trades with no human intervention.
These programs operate within the
MetaTrader 4 environment. Each
EA has very specific criteria that
define when and how often it will
execute trades on behalf of its user.
How To Make Your Own Forex E
3. EAs are used to eliminate the
human factor when trading
FOREX. Because they monitor the
market continuously, human
factors such as sleep, hunger, fear
and greed can be eliminated. In
addition, they provide a level of
consistent accuracy not
sustainable by human traders. EAs
can execute multiple trades in only
a fraction of the time it would take
a human trader to do so.
How To Make Your Own Forex Ea
4. EAs offer many benefits. The
primary benefit is that because the
FOREX market is only closed
during the weekend, the EA can
accurately monitor the market
from Sunday evening to Friday
afternoon continuously. This is
impossible for an individual trader
to do manually. A secondary
benefit is that EAs can follow a
specific set of trading rules exactly,
with no improper interpretation of
the rules.
How To Make Your Own Forex Ea
5. How To Make Your Own Forex Ea
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