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May i know what is the different EA and indicators ?

Topic: May i know what is the different EA and indicators ?

May i know what is the different EA and indicators ? i am new for forex.

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Re: May i know what is the different EA and indicators ?

You can compare Balance with Equity or just check the Profit in the Condition block

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Re: May i know what is the different EA and indicators ?

EAs are programs that are intended to robotize the trading procedure by recognizing where to enter trades, what number of parts to purchase/pitch, where to put stops/targets and how it will trail any position to augment potential benefit. They by and large refresh each time another tick arrives. Indicators enable you to make varieties of existing indicators or totally new ones in view of whatever arrangement of principles you wish and to show them on the diagrams or underneath in the information windows. Indicators cover such things as moving midpoints, histograms, plotting content above/underneath bars and changing bar hues in light of the coded rules. I'm trading with Jmfinancial.Eu, an ECN broker. It supports any kind of EA to its platform. The platform also executes trade instantly without reqouting.

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Re: May i know what is the different EA and indicators ?

An Expert Advisor (EA) is a program coded in MQL4 and called by the client terminal to be executed at every tick. The main purpose of EAs is the programmed control over trades. EAs are coded by users. There are no built-in EAs in the client terminal.

A custom indicator is a program coded in MQL4 and called by the client terminal to be executed at every tick. It is basically intended for graphical displaying of preliminarily calculated data, such as lines. Indicators cannot trade. There are two types of indicators: technical (built-in) indicators and custom indicators.

I Wish You Happy Trading

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Re: May i know what is the different EA and indicators ?

In today’s world more and more advanced technical facilitiesare adopted by traders frequently that make the trading easier. EA trading is such a facility; it is automated software coded program that will automatically execute the order once it reaches to a certain specified value as per program. And indicators use past price information and current price to forecast the future prices and thereby try to give some direction to the traders.

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