What is an Expert Advisor

Expert advisor is an automated system, a program that will trade automatically the forex for you. It is most of the time developed to run with MetaTrader, the trading platform, and is composed of two or three files that you just have to copy in your installation directory. Automated Forex trading systems allow an individual to take advantage of the real-time nature of Forex trading to monitor the market and make trades on the individual's behalf.

An expert advisor works by monitoring any market for you 24 hours a day, looking to place trades for you once it sees that certain parameters have been met.

The main advantages of trading with an expert advisor are:
- The expert advisor has a plan and consistent. It can eliminate the negative human aspects of trading which include fear, greed and inconsistency in trading.
- The expert advisor frees you up from physically having to watch and analyze the charts to find a signal to enter/exit trades.
- Expert advisor can monitor many markets at once.

The disadvantages of trading with expert advisor are:
- Expert advisor will never feel like human. The trader must always look at the fundamentals and other important issues.
- Expert advisor will not give better result or be a better trader.

Now you have to know what expert advisor is, purpose, advantages and disadvantages.