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MT4 indicator and EA

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sofia
8
sofia 2014.12.16 08:35 
can any one help me what is the difference between Indicators and Expert Advisor..?
Keith Watford
Moderator
9647
Keith Watford 2014.12.16 08:41  

An indicator indicates only, it has special buffers for drawing lines, histograms etc. It cannot place or modify trades

An EA can place trades and does nor have the special buffers, but it can read from the buffers in an indicator

Carl Schreiber
6609
Carl Schreiber 2014.12.16 08:44  
indicators are meant to show something on the chart the EA is meant to manage the trading..
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