What are Expert Advisors?
Expert Advisors (EAs) are programs that run on the MetaTrader platform, used to monitor and trade financial markets using algorithms: finding opportunities according to set parameters, then either notifying you or opening a position automatically. And once your position is open, an EA can add close conditions including stops, trailing stops and limits.
You could, for example, use an EA to monitor a few key markets, alerting you when it finds a chance for potential profit. Or you could let it loose on the markets completely, opening multiple positions each day with little human input.
For most traders, EAs are primarily used for forex trading. But you can use them to trade any market that’s available on your MT4. If you’re an IG client, for example, you can use an EA to trade forex, indices, cryptocurrencies and commodities on an enhanced MT4.
Find out more about MetaTrader 4 with IG