The goal of forex robots is to assist traders. Traders select and purchase these technologies to streamline, accelerate, and automate repetitive tasks. Forex robots, also known as expert advisers or EAs, use algorithms and require programming.

A forex robot is also referred to as trading software that makes trade decisions automatically. The MetaTrader platform serves as the foundation for the most popular retail trading robots.
These "expert advisors" run on MetaTrader and can perform a variety of tasks, such as automatically placing and managing trades for you and providing traders with a signal to execute a trade.

The majority of these robots were built with MetaTrader and the MQL scripting language, which allows traders to generate trading signals, place orders, and manage transactions. Forex robots eliminate the potentially harmful subjective component of trading.

There are computerised forex trading robots available for purchase online; however, traders should exercise caution when purchasing a trading system. Companies will frequently appear out of nowhere to market trading methods with a money-back guarantee, only to disappear a few weeks later.