A Forex Expert Advisor, also known as an EA, is a mechanical trading system (MTS) used for Forex trading. Expert Advisors allow for automatic trading to take place, freeing the trader from continuously having to watch the market. Making a profit while trading in the foreign exchange market is determined by a large number of human factors, such as emotions, knowledge, and even the psychology of the trader. Automated programs such as Expert Advisors remove a great deal of these factors from the equation and enable the trader to make better informed decisions by evaluating multiple factors at once.
