Expert Advisor (EA) in MT5

An Expert Advisor (EA) in MetaTrader 5 is an automated trading tool that operates based on pre-defined rules. This program is created using the MQL5 language and has the capability to execute complex algorithms. The primary task of an Expert Advisor (trading assistant) is to fully follow the trading strategy without human emotions interfering. This tool can perform tasks like opening and closing trades, managing position size, live stop-loss adjustment, and even executing multiple strategies simultaneously. One important use of an Expert Advisor is to continuously monitor multiple symbols and timeframes, without the trader needing to be constantly at the computer. For example, an EA can monitor breakout conditions in the London session and, upon occurrence, execute an entry or exit trade. The free Expert Advisors on Trading Finder allow advanced backtesting on historical data and can run multiple scenarios simultaneously, improving the accuracy of analysis and risk management.