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DenmarkAn Expert Advisor (EA) is a program that can automatically execute orders or assist trading on MT4/MT5 according to predefined rules.
An EA can:
- Monitor market prices and technical indicators
- Place buy and sell orders when configured conditions are met
- Set or modify Stop Loss and Take Profit
- Manage and close positions
- Provide trading signals or alerts
To use an EA, MT4/MT5 must be running on a PC or VPS with algorithmic trading enabled. EAs cannot be installed or run directly on the MT4/MT5 mobile apps.
Before using an EA:
- Remember that an EA does not guarantee profit.
- Market or connection conditions may produce unexpected results.
- Check third-party EAs for malware and errors.
- Test the EA thoroughly on a demo account before applying it to a live trading account.
- You are responsible for the EA's settings, operation and trading results.