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MT4 indicator and EA

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sofia
8
sofia  
can any one help me what is the difference between Indicators and Expert Advisor..?
Keith Watford
Moderator
10544
Keith Watford  

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
7665
Carl Schreiber  
indicators are meant to show something on the chart the EA is meant to manage the trading..
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