EA`s. Pluses, minuses, advices...

TrinitySaint

Recruit
Messages
14
Not every good programmer will make a good Expert Advisor with a cool algorithm. In fact, 99.5 percent of the advisors on the market are scam now.
 

Purecaster

Private
Messages
37
To my mind using EA, for example, robots isn't quite a good idea for traders who are at their initial stages in trading activity, because they have no knowledge in trading, see EAs, hence trust them managing of the trading processes and lose their money twice faster. They'd better lose their first deposit by themselves mainly because it will teach them all the pecularities of this activity. In my opinion, if a trader wats to use EA, then he has to trade at least a year mostly because he already knows how does this industry work, thus he can choose whether follow the advice of EA on various matters or not.
 

sebking1986

Recruit
Messages
369
Unless you have central bank level R&D then I think that the chances of having an EA work long term isn't a thing. They lull people into the false sense of security that forex can be easy and money can be made without working for it. This simply isn't true. I'd rather put my time into learning and practicing how to trade than the time I ended up wasting on EAs at the start of my forex journey.
 

FriendlyFX

Sergeant
Messages
161
I've used 3 in the past and they all required manual intervention.
Main thing was I removed my initial seed so I didn't lose out but didn't profit quite as I'd hoped
 
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