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Robots Glossary

Expert Advisor (EA)

Expert Advisor - A forex trading robot on MetaTrader (MQL4/MQL5) that automates tradingdocs.mql4.com. EAs are written in MQL and have special event handlers (e.g., OnInit(), OnTick(), OnDeinit()). For example, an EA might execute its main logic inside OnTick() whenever a new price quote is received, placing or managing orders automatically.