An automated trading system, or Expert advisor (EA), is a program that operates through a trading terminal. Trading can be monitored and carried out automatically without the trader’s involvement.
A predetermined threshold is what activates the notification when you install an automated trading system. messages of notification and even transactions It relies on the market conditions that the automated trading system is set up to monitor.
The automated trading system is programmed in MetaQuotes Language 4 (MQL4) or MetaQuotes Language 5 (MQL5) to work with MT4 and MT5 respectively.
Note: Although autotrading can be implemented when utilizing a VPS, it only functions with MT4 and MT5 PC trading terminals. For the mobile versions of MT4 and MT5, auto trading is not offered.