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What are Expert Advisors (EAs) and cBots?

Expert Advisors (EAs) and cBots are programs that are designed to automate trading on the MT4 and cTrader platforms, respectively. EAs/cBots use predefined money management rules and trade execution protocols to monitor price action in real time and identify when a market meets the conditions that have been predetermined by the user. EAs and cBots can be configured to provide trading signals when these market conditions are present, or they can be fully automated to open and close positions on the user’s behalf.