What is a forex trading robot?

A forex trading robot is an automated trading program or algorithm that trades on your behalf in the forex market. These robots are designed using trading strategies and algorithms that help determine optimal entry and exit points for trades. Forex robots are also known as Expert Advisors (EAs) or automated trading systems.

What is a forex Expert Advisor (EA)?

As we mentioned above, EAs are similar to Forex robots, which are another type of automated trading software. When using strict definitions, the difference between a Forex expert advisor and a Forex robot is that an EA will generate signals while a robot will perform trades without any manual sign-off required.

What is the difference between a forex expert advisor and a robot?

When using strict definitions, the difference between a Forex expert advisor and a Forex robot is that an EA will generate signals while a robot will perform trades without any manual sign-off required. However, the terms are often used interchangeably, which means that many so-called Forex EAs are capable of far more than just generating signals.