We’ve all tried Robots/EAs with tons of promise and very little results. The truth of the matter is these Forex software systems always fall apart. When the market goes wild, no “robot” can predict market conditions! The internet is also full of expensive Forex training systems, and signals/trading rooms promising huge results only to disappoint hopeful members. I have been using an EA for quite some time now and here I was given the opportunity to either EARN, and LEARN. this Trade Copier Software works via MetaTrader 4.
An experienced trader should help the newbies for trading activity by sharing their knowledge with them. I think this forum is a tool for sharing. And even the EA they use for getting profit. May I have the EA you used for your trading activity?
Computers fail, phones fail, investments fail, stocks fail, investment advisers fail. The fallacy is not the EA, it is our idea permanence and consistency. This is why people should [I]manage [/I]EAs, like they would manage any investment for profit. It should have a “break even” point, i.e. when it makes back what it cost, and a level of loss at which you’re done with it. And a good understanding of why/when/how it works so you can best employ it .
Last week my manual trades were +629 pips while most of the EA were losing. I do not believe a bot that can guarantee specific number of pips a month, but as long as it is tested and have a forward test, I am inclined to try if it gives a positive result.
don’t get me wrong I think that there is a place for EA’s in forex trading,
but only if they are treated like any other tool in the traders box of tricks,
do you put all your trust in to just indicator ? so why would you treat a bot any different,
you should always manage your bots and not just leave them to do their thing…so to speak…
this Trade Copier Software works via MetaTrader 4.