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Over-reliance: Some traders may become too reliant on EAs and forget to check their trades manually, which can lead to unexpected losses.
Vulnerability to market conditions: EAs may not be able to adapt to sudden changes in the market, leading to losses.
Limited understanding: Some traders may...
Automation: EAs can automate the process of trading and make trades 24/7 without the need for manual intervention.
Consistent trading: EAs can follow a set of predefined rules and execute trades based on them, which leads to more consistent trading compared to manual trading.
Backtesting: EAs...
here are some of the most recommended and reliable Expert Advisors (EAs) in the Forex market based on industry reviews and analysis:
Forex Flex EA
Forex Fury
Forex Robotron
WallStreet Forex Robot
Forex Diamond EA
GPS Forex Robot
Forex MegaDroid
Forex Scalping Robot
Forex Growth Bot
Forex Envy...
Choose a forex broker that supports EAs: Make sure that the broker you choose supports the use of EAs and has the necessary trading platform.
Download the EA: Most EAs can be downloaded from the developer's website. Make sure to download the latest version and check for any compatibility issues...
I want to know if EA's have to specific tools that they require, like do they only work on mt4 n 5 alone or can they be used on other platforms as well, also what if one does not have a computer but uses a smart phone to trade, are they limited to people trading with computers only?
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