Trading with Expert-Advisors (EAs)

Deployed on a trading platform, Expert Advisors (EAs) are tiny programs that can automatically trade any financial instrument. Trading with EAs is becoming very popular, as EAs can continuously trade any financial market without any human intervention.

  Introduction to EA Trading

An EA identifies and opens trades according to the parameters set by the user. Later, if the market conditions are changed, the algorithm is capable of modifying/closing the trade automatically.

EA trading in a multi-featured process offering:

• Trading the full asset index available in the platform (Forex, equities, crypto, etc.)
• Combining technical analysis tools and techniques (indicators, pattern recognition, S/R, etc.)
• Including money-management tools (risk control, spread/slippage control, etc.)
• Applying time management (selecting time to open/close orders, avoiding news releases, etc.)

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Trading with Forex Robots

A Forex Robot or else an Expert Advisor or else an EA is a tiny piece of software that suits your Trading Platform (mainly on MetaTrader) and trades automatically on your behalf. Forex Robots are incorporating algorithms to measure and evaluate intraday, daily, or long-term price trends. Usually, Forex Robots combine several tools to measure the master trend and optimize entry/exit points using a combination of Forex indicators. Money management and a stop-loss order are also included in their core algorithms so that they can limit the loss potential. Forex robots can trade 24 hours per day using a computer that is continuously turned on or using a VPS Forex hosting (recommended).

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How to Create Expert Advisors for Trading Binary Options

You can create an Expert Advisor for trading Binary Options given only your binary options broker supports MetaTrader4.

The software we are going to use for creating EAs is a simple builder that everyone can learn to use without programming skills. The software can be used for free in order to create indicators, but in order to build EAs, you have to pay a one-time fee.

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EA Name: Forex Diamond Robot

Platforms: MT4 and MT5

EA Type: 4/5 Digit | Scalping 4 Liquid Pairs

NFA-Brokers: Yes

ECN Brokers: Yes

Price: $207 (one-off)

License: (1) Real Account License and several Demo Accounts

Introduction to the Forex Diamond Robot

The Forex Diamond is an MT4/MT5 Expert Advisor that trades 4 liquid Forex pairs on all market conditions. The robot's algorithm includes 3 different strategies (Trending, Ranging, and Scalping strategies) and several filters to protect your account (spread, slippage, etc.).

» Visit the Forex Diamond Robot

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