Metatrader EA is short for the term expert advisor. A Metatrader EA is based on an automated trading system (ATS) written in the MetaQuotes Language II (MQL4) and linked to a chart on the free Metatrader 4 platform. A metatrader EA is able to execute trades on your trading account, and send them through to the trading server. A good metatrader EA can do all of the trading for you automatically. Very sophisticated trading strategies can be programmed into a metatrader EA and they can do all of the trades for you even when you are not in front of your computer. A metatrader EA can use nearly any indicator and open the trades based on its signals. A metatrader EA can be designed to be completely automatic or be semi-automatic where the person turns on the metatrader EA when they visually see the trade setup and let the metatrader EA manage the trading activity.

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Forex trading can involve the risk of loss beyond your initial deposit.

It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.