Platforms and automation · Pro
Expert advisor
Also searched as: EA, trading robot
What does Expert advisor mean?
An expert advisor, or EA, is software that automates analysis or trading tasks in MetaTrader. Its use may be allowed while particular automated strategies remain prohibited.
Example
An EA sizes orders and places entries when its coded conditions occur.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
Permission to use an EA is not blanket approval for every trading behavior the software can perform.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.