One of the most impressive features of the MetaTrader 4 platform is their Algorithmic Trading abilities.

Algorithmic Trading simply means having some pre-defined trading rules written down in a language that the computer can understand and act on. Also using other applications that integrate with the programming language like, bank accounts, data feeds, trading liquidity, security programs all need to tie in and talk to one another.

MT4 do this all with ease! The algorithmic trading strategies on MT4 are commonly called Trading Robots, or Expert Advisors (EA’s for short).

These EA’s operate without the participation of the trader — Once they are setup, they will trade per their programmed rules 100% automatically. This offers the trader many advantages.
 
Probably the top 3 benefits would be:

• Emotions, automated trading removed the emotions. Computers dont care if you won or lost the last trade…
• Time freedom, not only do you not have to sit in front of the screen to watch for setups and place trades, you can also trade more markets and more hours, trade 24 hours a day across 100’s of markets!
• Speed and accuracy. Once the trading robot is programmed, they can act at lightning fast speeds and generally very accurately. Sure you can get technical errors from time to time, but if you are setup correctly these will still be a LOT less than human errors.