I was looking into purchasing a robot, but with all the negative feedback and advice, I think I'. going to give it a miss. Money will be better spent as training/trading capital.
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DislikedI was looking into purchasing a robot, but with all the negative feedback and advice, I think I'. going to give it a miss. Money will be better spent as training/trading capital.Ignored
DislikedConsider Expert Advisers as tools to help traders and not fully autonomous tools. Most EAs use tehnical analysis for open conditions, exit conditions, trending tehnic (fallow trend, hunt reversals, etc.), therefor you will need to watch them and change parameters from time to time. Ive took many paid forex courses in my country, i traded a lot, made huge amounts, lost a lots.. i confidently can tell i have a decent amount of knowladge about EAs. Ive made and improved a lot an EA that has amazing results from 2017 till now july 2020. But most EAs...Ignored
DislikedI trade both manually and also automate my strategies(Some easier then others)I also Code my own EA. The benefits of using EA, is you have an edge you can back test you system 10 years within a couple of minutes, also if you have Profitable systematic system, why not create an automated system..... I guess what ever works for you each to there ownIgnored
DislikedEA can be good if you can male it by yourself with your own strategy. Using other's EA is like playing blind. When we have no idea what we are doing, too much risk is there.Ignored
Disliked{quote} If they worked, so many people would not be on a board like this discussing trading systems. Seriously though, some work during trending of the market but fail when the market starts ranging and vis-à-vis.Ignored
Disliked{quote} They do work, but it's not a case of installing it onto your chart, and forgetting about it. I use strategy builders, and I generate thousands of EAs. I load the best onto a demo account, and monitor their performance in current market conditions. Then, I select those performing best, and move them onto a live account. Not all are profitable, but by trading with many EAs across different currencies, I diversify my risk, and don't rely on just one. So far, so good. Not huge profits, but I've been averaging between 5 and 10% per month. It...Ignored