How to enable, launch and customize Expert Advisors (robots) on your MetaTrader 4 platform?
Expert Advisors (EAs), also known as robots, are supplementary programs that can be activated or added to the MT4 platform to help you automate the trading process and analysis. With the use of algorithms, expert advisors examine and analyse financial markets, searching for the best trading prospects. EAs are often used to automatically place and close trades, especially when it comes to multiple positions. They can send notifications to the trader or directly activate trading conditions like trailing stops and limits.
Once you know the basics of trading in MetaTrader 4, you are ready to explore the possibilities that EAs offer. Learning how to activate and customize expert advisors with this tutorial will make trading more efficient. If you are using MetaTrader 5, please read our MT5 article.