A Forex Expert Advisor (EA) is a flexible automated Forex trading solution that can be added to the most popular and user-friendly platform, MetaTrader 4. More specifically, an Expert Advisor is a type of software that can completely automate trading strategies on your behalf or send you alerts prompting you to act on a Forex trade, when certain conditions are met in the market.
An Expert Advisor for MetaTrader 4 is written in a special programming language called MetaQuotes Language (MQL4). Programs like MetaEditor, which is already pre-loaded onto Metatrader 4, use this language to help traders build Expert Advisors.
Forex Expert Advisors are easy to create. MetaTrader 4’s easy-to-use interface combined with the pre-loaded program MetaEditor, allow traders at any level of experience to easily and promptly create an Expert Advisor.
But to get you started, the Vantage FX MetaTrader 4 platform has many templates and popular Expert Advisors already included in the platform.
Just be aware that most EAs require your MT4 platform to run 24 hours a day in order to continue automatically executing trades on your behalf. If you don’t want to use a 3rd party VPS provider, MT4 has a built in service that you can check out on our Free Forex VPS page.
Instead of going to a 3rd party website that you know you can’t trust, Vantage FX offers the ability to obtain EAs in a way you can trust.
Gain easy and affordable access to peer reviewed EAs through the MT4 market tab. Browse literally 1000s of EAs from verified sources where payment to developers is made directly through your MQL4 account.
No longer do you have to worry about the hassle of setting up your EA. When you make a purchase through the market tab of your MT4 platform, the installation and setup is at the click of a button.
There are a number of reasons why forex traders are signing up for an account with Vantage FX and trading EAs but the big three are tight spreads, lightning fast executions and our world class fibre optic network.
It’s this fibre optic network that is the key differential when choosing a forex broker to run your EA with as they require a fast and cost effective connection. Vantage FX prides ourselves in keeping our trader’s costs low by providing some of the tightest spreads in the industry.
Being fully regulated by ASIC means that we are fully transparent in our automated trading dealings. Remember, there are zero restrictions when it comes to forex trading on EAs. All trading styles are welcome at Vantage FX.