What's an EA Forex Trader Robot? - What's Forex Bot?

What is Forex Expert Advisor? - a forex EA Trader or a Forex Expert Advisor or a Forex Bot is an add on software that is added to MT4 or MT5 platform and it is used to generate automatic trading signals on a trader's behalf based on a set of parameters or algorithms - Automated Forex EA.

What's a Forex EA? - Forex Bot Definition - What is Forex Expert Advisor?

A Forex Expert-Advisor is a software program that has set of instructions used to generate buy and sell trading signals in the Forex trading market so as to help a trader determine whether to buy or sell a particular currency pair based on the programmed set of rules.

The EA trader also monitors the open forex trade so as to determine the best time to close the trade if the trade is profitable or when to close the trade if the market moves in the other direction by setting a stop loss order.

Forex traders can also test these EA Forex Robots using the MetaTrader 4 strategy tester environment so as to optimize the EA trading settings before trading with the Expert-Advisor on the Real Trading Market environment.