What are expert advisors?

An Expert Advisor is a computer program written in the MQL language (similiar to c++) and designed to automate trading activities on the MetaTrader platform. It can be programmed to trade your account automatically as per your trading rules.

some questions.

What Questions to ask the currency trading expert provider

1. How is their customer service? Email them. How long does it take to get a response? Are they polite? Is their answer helpful? Does he answer his emails promptly?

2. Does he SUPPLY all the information of the expert advisor trading system? How often does the expert advisor trade? Usually the less often, the more likely they are to be a profitable service. Is the expert advisor strategy profitable? Test out the expert advisor for consistency in back testing and forward testing.You need to know how your potential gains and losses .Do the expert advisors only trade entry signals? Or do they provide both entry and exit signals?

3. Do the expert advisors use money and risk management? How much position size to trade and what % of account size to trade? . You must know yourself and your risk and trading appetite before you use any expert advisor,” . The money management system should be tailored to fit your style.

4. What currency pairs are the expert advisors suitable for? Expert advisors that work only on one or two currency pairs without altering the settings for other pairs should be avoided. They will lose money if the currency pairs traded change their behavior.

5. Refund conditions if expert advisor has bugs .What are his refund conditions? Does he offer a refund for consistently crappy expert advisor? Most sellers will stop answering emails and mess you about.

6. Does seller trade it on his live account? Don’t buy expert advisor from someone who didn't trade using the software on live accounts. Non-traders aren't aware of all the little nuances of trading."

7. Ask for password to log into his trading account as an investor, if he refuses he is most likely hiding skeletons." ? Ask for at least several weeks of access . "Sounds tough? Well, so is losing your money trading a crappy expert advisor system,”