We discuss the externally definable Ramsey property, a weakening of the Ramsey property for ultrahomogeneous structures, where the only colourings considered are those that are externally definable: that is, definable with parameters in an elementary extension. We show a number of basic results analogous to the classical Ramsey theory, and show that, for an ultrahomogeneous structure M with countable age, the externally definable Ramsey property is equivalent to the dynamical statement that, for each natural number n, every subflow of the space of n-types with parameters in M has a fixed point. We discuss a range of examples, including results regarding the lexicographic product of structures.