Expert Advisor is named so because it’s an automated compatible with MT4 platforms. In other words, there may be different versions developed by different forex companies, but all got the same name.
Expert Advisor is probably the most popular automated forex software. Of course, the compatibility of MT4 platform is one reason. On the other hand, Expert Advisor has very good functionality as well.
The biggest advantage of Expert Advisor is that forex traders can implement multiple forex trading strategies at the same trading platform. By doing so, multiple Expert Advisors have to be set up. Forex market is dynamic and always changing. Therefore, it often comes to forex traders that one Forex trading strategy is not good enough for survive in the market. However, the allowance of multiple Expert Advisors can solve this problem easily.
And of course, Expert Advisor is easy to setup, and allows the use of a lot of Forex signals when is turned on. But like I said in my previous article, pros and cons of automated forex systems, a overuse of an automated forex system may not bring you the optimum profit. After all, like all other machinery, an automated forex system needs proper maintenance.
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