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

[fxoday]

A trader needs to care when they are tempted by offers ea that claimed able generated high profit consistently, usually, they have a landing page to sell the ea, check the domain whois, if its domain created too young, you need to suspect it create for marketing only and not really for sale profitable ea.

Indeed using ea has an advantage can make automatic trading, but so many ea get fail and make traders lose money, keep wisely to invest money in forex business.

 

[Profesor Pips]

People don't want qualitative EA's, only talk about it, the real target is "nice picture" by $300, it is ad true.

 

[Buzanara]

Many people think that they can buy some trading bot and relax while it will work and bring profits. Surely, such an approach is far from being right.
First of all, I feel that it is a really awful idea to buy some software and confide your money to it. You cannot really know how it really works and what profits it is capable of. So, you just buy a magic box and you expect some miracle from it which will make you rich and successful It sounds stupid, doesn't it? Some people even download some trading bots free of charge. That is insane!
Secondly, if something goes wrong with the trading results, you will have no method to check it and modify the decision making process of the robot. The only thing you can do is just to switch it off.
Thirdly, trading bots need to be controlled by the trader. There are thousands of cases when trading bots and EAs lost all the money from trading account during the night session.
So, I believe that if you are interested in algotrading, you'd better to build the trading bots on your own. In this case you'll have the full control of the situation in your hands.