What do you think of the Forex robot Metatrader Expert Advisor EA??? :15:
Here’s what I think of ANY robot or EA.
Avoid them at all costs.
Does the “robot” or EA have a 50MIL hedge fund backing it, with superior HFT algo’s drummed up by MIT graduates?
If not, move along.
Robots, EA’s usually only work for a specific market environment, and markets are always changing. What are you going to do when the robot stops working? How will you put food on the table?
…teach a man to fish…
Using EA is just a wasting of money and time. It is proven fact that more than 95% of the trading software will end up falling. Just ask your self, why would someone sell you a trading robot if it’s 100% profitable.
The use of forex robot is not always effective even when it makes trading very convenient . The forex market is not stable it is unpredictable that is why i prefer manual trading so that when there is any changes in market movement one can easily make necessary adjustment.
Why are people allowed to promote ea’s on here?
I don’t think robots or ea’s are necessarily bad in themselves, as circumstances vary with traders.
So the best thing to do is just to consider the advantages and disadvantages involved in using an ea or robot, from there we can decide if we must use one or not.
It is good for new trader.
why would you think that?