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An Expert Advisor is an automated trading mechanism provided by a trading platform to automatically place and manage trades (and orders) based on the trading rules defined by the user. An Expert Advisor is also called by other names like Strategy, Trading System, Trading Algorithm, Trading Robot etc.
An Expert Advisor is programmed in a (programming) language provided by the trading platform based on well-defined entry and exit rules. The Expert Advisor is then deployed in the trader's trading account, placing orders and trading exactly as per the rules. It should be noted that an Expert Advisor does not have any intelligence of its own - it simply follows the trading rules it is programmed to execute.
For example, consider a simple moving average trading strategy whereby a buy trade is opened when the price crosses above the moving average, and a sell trade is opened when the price crosses below the moving average. This rule can be programmed into an Expert Advisor, thus automating the process of trading. Further rules for risk and money management can be added to the Expert Advisor based on the trader's requirements.
What else can I help you with?
Who was Chandragupta Mauryan's ad-visor?
kautiliya
Subject matter experts?
an expert on a particular subject.an expert on many subjects.an ex-member of the President's cabinet.a rookie.an ex-policymaker.
What is prefix of expert?
The prefix of the word "expert" is "ex-." A prefix is a group of letters attached to the beginning of a word to modify its meaning. In this case, the prefix "ex-" means "out of" or "former." So, when added to the root word "pert," it forms the word "expert," which means someone who is highly skilled or knowledgeable in a particular area.
What are some positive adjectives that begin with Ex?
· excellent · experienced · expert
What type of ad would use a celebrity or expert to sell a product?
Testimonial
How do you repair Sun visor on Mercedes Benz 300e that is frozen on the rod?
Remove the sun visor retaining screws. The sun visor will slide off of the sun visor rod. Lubricate the sun visor rod. Put the sun visor back on.
Who is the actress Lauren in The citi card ad the ex?
A: Jocelyn Deboer
When was Impro-Visor created?
Impro-Visor was created in 2006.
When was Visor i närheten created?
Visor i närheten was created in 1965.
What is the difference between a clear football visor and a 60 percent grey football visor?
the clear football visor has not color or tint to it. while the 60 percent grey visor has a grey tint to it.
What are nouns that begin with the letters Ex?
· example · exchange · existence · expansion · experience · expert
What is a sun visor clip?
the clip that holds the visor to the head liner
