Expert Advisor (EA)
Also called: trading bot
An automated trading program that runs inside MetaTrader and opens or manages trades by itself.
Related terms
Algorithmic trading
Using computer programs to generate and execute trades from…
Backtesting
Testing a strategy on historical data to see how it would have…
MetaTrader 4 (MT4)
The most widely used retail forex trading platform, known for…
Balance
Your account value from closed trades, deposits and withdrawals,…
Broker
The firm that gives you access to the market, holds your funds and…
Cent account
An account denominated in cents, so balances and lot values are…