- 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 can be backtested on historical data to see how they would have performed in past market conditions.
- Emotional stability: EAs remove the emotional aspect of trading, which can lead to more consistent and profitable trades.
- Speed: EAs can execute trades much faster than a human trader, which can be especially important in the fast-paced world of forex trading.