Pros and Cons of an automated forex trading system!

[ABDOU DJALIL Boukari]

Tres bon post, j'ai aimé le sens de l'analyse !

 

[Micheal Gbenedio]

Automated trading is a trading system that automates your inbuilt strategy without needing your time and efforts

 

[Pannik]

2 cents from me.... Good to know those....

 

[boypasmo]

It is very difficult to search EA for small balance. If anyone knows, please share.

All EA's except the "Grid Type" will do fine on accounts with small balance. As low as 20usd.


Scalping EA's is the best for small balances.
Just change the Lotsize to 0.01 and don't forget to open a few pairs initially. 2-3 charts will do. Maxtrade =1

 

[plrf]

hank you so much for sharing this EA as I was looking for it for months.

 

[Dantes]

There are very few worthy advisors

 

[Dantes]

So many advisers tried, no good

 

[Leekaybuoy]

thank you for sharing... hope i cound get the set file

 

[carlos dario]

For humans is impossible to make some many trades and still think clearly , I think today an EA is a must

 

[Adefu Boniface]

An automated trading system is software programmed to generate profitable trading signal for the investor. There is no denial of the fact that it has helped many experienced as well as amateur investors to make big money in the forex market. But like any other technology these trading robots has their own pros and cons. Let’s have a look on them.

Pros of using an automated trading program for forex trading!

Ø The first and the foremost benefits of using such automated trading systems is that it has eliminated the compulsion of getting trading expertise. Even if you are a newbie who have just begun to explore the forex market, you can make profitable investments based on the signals generated by such automated systems.

Ø Now you can take your own time for understanding the forex market. There is no need to learn about everything before starting the trading sessions with real money. You can start slow, take help from automated trading systems for suggestions and recommendations, do your own research and analysis side by side and thus set a strong foot as you get a grip over the market.

Ø Automated forex systems update their data base regularly. Thus you will not only get the latest update about the market but also come to know latest market trends way ahead of others who are not getting such help of a robot.

Ø Need of constant monitoring the market is also eliminated as the automated system will make all the predictions for you.

Cons of an automated trading program for forex trading!

Ø The first and foremost disadvantage of using automated robot is that all the judgment is based on factual data and room for human judgment and analysis is very less. This feature has its own share of risk as it may ignore market sentiments.

Ø You will never know that particular system is right for you just by looking at it. you will have to test and retest the system n number of times before you know the efficiency, authenticity and feasibility of the system.

Ø It may be the system which you were waiting for to kick start your forex trading carrier but you will have to take out some time in understanding and exploring it so that you use it efficiently with minimum loop holes and maximum benefits in long run.

thanks for sharing your opinions. it was helpful

 

[thechamp]

does profitable ea exists? sometime i wonder after looking & trying so many EA's

 

[Pepper]

I think if anyone finds something that works, they keep it to themselves

 

[daveand]

Thanks for sharing your opinion about automated trading software. Why don't you try professional forex signal provider,
you can check my website. We provide Forex signal with 75% success rate.
http://www.elitesignal.com/

'Why don't you try professional forex signal provider'? Because no such thing really exists. All of them are scam. Without exception!

 

[daveand]

does profitable ea exists? sometime i wonder after looking & trying so many EA's

No. Unfortunately not. Because the market is so dynamic and the EA's static!

 

[daveand]

I think if anyone finds something that works, they keep it to themselves

I wonder why the programmers who create such an advanced indicators and EA's, choose to sell the indicator and not use them in automated way and get rich ;-)

 

[daveand]

Tres bon post, j'ai aimé le sens de l'analyse !

I think you should only post messages in English in this forum.

 

[Multidia]

Couldn't agree more.. EA is designed to help us trade with a "system". By far I haven't found the best system for EA to generate consistent profit. Every system has their own advantage & disadvantage, whether it's a martingale EA, Grid EA, or Scalper EA.

 

[CJ1973]

Pro trader do manual trading
Stupid trader use EA for trading, .. why stupid? because risking Thousand $ floating and big DD for profit couple $

And I'm stupid trader ...

one thing for sure ... EA need big equity to run when wrong direction, small equity won't survive.