Do you prefer the magic of automated trading actions in the MT5 platform? In this article, we have shared all the aspects of MT5 EA along with the best expert advisor, Majestic EA.
MetaTrader 5 is one of the topmost and best trading platforms all over the world. It was released in 2010; MT5 has changed the game in many ways. This trading platform opts for several different assets. Including Forex, stocks, indices, CFDs, cryptocurrencies, and many others.
MetaTrader 5 was developed by the same company that developed MT4 MetaQuotes. Since it is early release, MT5 has become very famous around the world and as of today, it is offered by a lot of Forex brokers in the market.
Many factors make MT5 better than others. One of the biggest benefits of this trading platform is that it offers traders the ability to use expert advisors. In the Forex market, expert advisors, commonly known as EAs, are software programs that Forex traders use to automate the trading process.
Background History of MetaTrader EAs
Taking the ideas of other people or a model built by a third-party computer programmer, it is significant to carry out reviews to check that the source is legitimate. In this case, the expert advisor’s services are a top-notch choice.
The MetaTrader first launched MT4 in 2005, and MT5 came into the market in 2010. These two are the most popular platforms for forex trading all over the world. The millions of traders using them daily have been tested thoroughly and now represent a reliable and robust platform for traders.
Features built to allow traders to integrate algorithm-based trading have been present from day one. So, the EAs facility has also been abundantly tested. Arranging its platforms with the market-wide move to program-based trading was a brilliant move by MetaQuotes Software, the owner of MetaTrader 4 or MetaTrader 5.
In 2006, algorithmic trading was used by only 25% of forex market volume. But in 2016, more than 80% of currency orders were carried out using trading algorithms. The story in the financial market is quite similar. In 2003, only 15% of the US market volume was algorithm based with that number up to 70% by 2010.
What is an MT5 Expert Advisor?
MetaTrader 5 expert advisors are special programs or files of codes made using MQL5, the native coding language of MetaTrader 5. Traders use this software to automate the process of Forex trading.
Each automatic expert advisor in the Forex market is a unique piece of software. Created depending on the trading strategies of traders. While some MT5 EAs are created for specific currency pairs and strategies, others work for multiple assets using different strategies.
There are several ways one could get a Forex expert advisor for trading. For instance, some traders prefer to buy or rent pre-made expert advisors. At the same time, others prefer to create their own MT5 EA. In most instances, expert advisors are available on the official MetaTrader 5 marketplace. However, there are many other third-party websites and markets where you can buy an expert advisor.
Generally, Forex EAs on MT5 have two different types. Some EAs are capable of performing automated trading on behalf of traders, while others are analyzing the market.
The Power of Automated Trading Via Majestic EA
Majestic EA is one of the best EAs among all the MT5 expert advisors because it is the ultimate solution for profitable forex trading. The team of expert developers and traders has worked tirelessly to create a cutting-edge forex trading tool that is second to none. This tool is a powerful MetaTrader 5 expert advisor. Built to automate your Forex trading and make it easier and even more profitable than ever before.
The majestic, unique trading algorithm utilizes advanced technical analysis to mark profitable trade opportunities and perform trades automatically on your behalf. This means you can sit comfortably and watch your trading account grow without any need for continuous monitoring and manual intervention.
The developers of Majestic EA understand that every trader has their own unique choice and goal. This is why they make this software fully customizable to suit all individual trading styles. With a user-friendly interface and a wide range of settings and parameters, you can easily set the EA to your specific trading preferences and risk tolerance.
They provide top-notch customer support to make sure traders’ experience with Majestic EA is seamless and hassle-free. Their customer support services are available 24/7. So, don’t waste your valuable time and money on fraud EAs and grab Majestic EA to take your Forex trading to the next level.
In this article, we have shared the background history of MetaTrader expert advisors. However, the best MT5 EA is Majestic expert advisor because it provides every necessary thing that makes trading on MetaTrader 5 incredibly profitable.