What's an EA Trader Robot?
What is Indices Expert Advisor? - a stock EA Trader or a Indices Expert Advisor or a Indices Robot is an add on software that's added to MetaTrader 4 or MetaTrader 5 software & it's used to generate automatic signals on a trader's behalf based on a set of parameters or algorithms - Automated EA.
Bot Definition
A Expert Advisor is a software program that has a set of instructions used to generate buy and sell signals in the stock trading market so as to help a trader determine whether to buy or sell indices based on the programmed set of rules.
The EA trader also monitors the open 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 stock trading market moves in the other direction by setting a stop loss stock order.
Traders can also test these Expert Advisor Indices Robots using MetaTrader 4 strategy-tester environment so as to optimize the Expert Advisor trading settings before trading with the EA on the Real Trading Market environment.
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