Forex Expert Advisors

Forex Expert Advisors - Follow Someone Who Knows What They Are Talking About (Us!)

In this video we are going to introduce you to the concept of a Forex expert advisor. Now this concept may sound strange to most of you just starting. The question is what’s an expert advisor? Now the company Meta Quotes, that has develop the Meta Trader platform, the most popular Forex platform on the planet. Basically took lot of terminology from Equis, and they made a stock program which is done around for a long time. Then they had something on there called an “Expert Advisor” which would tell you about getting in and getting out of a stock. So, they took those names and they just figured those to use them. So I have not seen any law suite and I don’t think it’s the same company. I think that this company is based in Russia, although I don’t know and I don’t really care to know. So if you want to look it up, go ahead to metaquotes.net.

So anyways besides that point, now Meta Trader is more famous than Meta trader. So the point is that what's an expert advisor now is an audit. Well it’s a type of executable file that is used on this Meta Trader 4 platform to do things and I can't just say, “To only automatically trade your account.” The Forex Expert Advisor can be used for just alerts and an alert doesn’t trade your account. Now you can have an Expert Advisor that gives you alerts and trade your account, but the Expert Advisor with file extension MQ4 and the package version is EX4 and those are essentially the same thing, one just has

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more data revealed than the other. Here is where these Expert Advisors are stored. If you go to your C-drive and then you go to program files and then you click on Meta Trader 4 or whatever your broker has named the folder, you then open up the experts folder and here you will see the file types I have been talking about. See there is an EX4 or an MQ4. MQ4 gives access to the actual language behind the scene. So that’s the difference as I was told by one of my programmers.

So an Expert Advisor, ones you throw it in the experts folder it comes up over here, you access that one by clicking button and then you can just drag and drop. So you just drag and drop and then opens up primary you to set etcetera, etcetera. So you can see here no way do I endorse any of these Expert Advisors. Right here they are testing purposes. So the Expert Advisor can execute automatic training on your trading accounts, of course you have to be tied in with your broker. But its pretty amazing folks, pretty amazing what can be done. So I am going to wrap this video up. Come to our site Forex Trading for a Good Living and join our newsletter for more information on Expert Advisors and various Forex Trading systems services, Forex signal services, etcetera that will help you learn Forex quickly. We will help you avoid many pitfalls, because its very easy to wipe out your account in Forex, that as t said, come to our site and join our newsletter and get started. You can ask us questions through that too. Thank you.

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Forex Expert Advisors