I am asking this question, because I see there have so many negative comments on EA trading! Tell your own experience here. Do you really have a good experience on EA trading?
Please take a look around, and feel free to .
I have discovered that EA's are the best for me. I prefer monitoring automatic trades rather than placing them. I must multitask throughout the day and I cannot be glued to the trading charts. But one very important point I would like to make....EA's do not work always. Some of them work in trending and some of them work in chop
I worked with an EA I bought from Amazon. It was sent to me via mail in a flash drive. I ended up losing my money. very bad experience with that EA.
I bought for $50. Since that day I don't trust EA vendors.
Technically am not against it, especially the part where you have so many other things to do and you still wanna be on the market. You can't help but use an EA or robot to trade while you attend to other stuff.
But the funny thing is; you still have to create time for them, like when they need an upgrade or something.
I have experience using free scalping EA..and i lose my deposit money...lol
Got your point mate! But the problem is; Forex is a serious business! For being a successful trader best concentration is needed! Besides, there is no way to rely on others EA.
The point exactly, I would rather trade manually using other strategies than invest on robots that might fail in the end. But it works for some and doesn't for others, so it's best we define the kind of trader we want to be, and know what will work best for us.
Without knowledge and understand market movement. It's dificult to make profit same as you are on travel bus without your destination. Understand technical study first then EA can come later.
EAs can be very useful for some traders to generate trading signals. Especially for those who prefer to trade several currency pairs. But still, I think that the best way to use it is as a combination with your own market and trading estimate. Usually, I dont rely only on EAs