MetaTrader EA - MetaTrader Expert Advisors

MetaTrader EAs /  Expert Advisors are programmable trading strategies which operate within the MetaTrader trading platform.  Over the years they have become increasingly popular, as more traders choose to use an automated forex system to trade with.  MetaTrader EA's are popular, because if you have a profitable forex strategy or system, and programme that system into an EA or Expert Advisor, then you can have the EA run 24 hours a day on your PC through your MetaTrader broker's trading platform, and you will do not have to monitor your positions on a constant basis.

There are literally thousands of different Expert Advisors to choose from.  Many are freely available to download from forex forums such as the Forex Factory, whilst some MetaTrader EAs are commercially available for a fee.   Be sure to thoroughly backtest a MetaTrader EA if you justdownload it for free from a website, as you will not know how profitable or robust it is.  The same is true for a lot of commercial EAs aswell, so whatever EA you end up with, backtest it extensively before committing live funds to a trading account. The Forex Village has partnered with FAP Turbo, which has recently launched its FAP Trading Turbo EA , which is proving successful for a large number of forex traders.

If you run several Metatrader EA's simultaneously, you might find that your PC is not quick enough to process all of the trades.  What most forex traders will do is run their MetaTrader experts  via a forex hosting service, such as Forex VPS or Forex Hoster .  This gives the trader additional comfort, knowing that he does not need his laptop or PC on in order for the EA to operate, and will suffer from any power outages or internet connection problems.