Could we trust the EAs available out there?

Question

Charles · Accepted Answer

Expert Advisors are legitimate. Although it may seem like a good option, they are just computer programs that use forex trading signals. It is important to realize that the market is not always the same, but robots do not automatically adapt to the changing world, which implies that news and economies are the main determinants of instrument prices. Because robots cannot completely replace humans, they are only profitable if you have extensive expertise in using them. You can therefore use them to set your targets according to your strategy, but you cannot entirely rely on them.

Ross · Answer

There are profitable robots, but you will never have access to them. The products sold on the market don't work and won't work.Would you like access to a profitable robot? There are two ways.If you choose this path, you should be aware of one daunting fact - most people who take it have never created a really profitable robot. You will be rich for life if you follow this path and make it work. However, you may never even reach the peak in your lifetime. Second, invest in a fund managed by experienced traders. Most people are unaware of the existence of these money-making robots, which will never be sold to the public. Anything you see on the commercial market is rubbish that will only lose you money. A robot or strategy that really works will not be sold to you. You will be asked to pay an initial fee (usually known as an Assets Under Management Fee) and additionally a percentage of the profits made. You still don't know what the robot is, and it can cost millions of dollars.

Joel · Answer

Expert Advisors (EAs) are automated trading systems that can be used on platforms such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5). They are designed to follow a set of rules or criteria for entering and exiting trades and can be used to trade a variety of financial instruments, including forex, stocks, and futures.While EAs can be a useful tool for traders, it is important to be cautious when using them. There are many EAs available on the market, and the quality and effectiveness of these EAs can vary significantly. Some EAs may not perform as advertised and could potentially cause losses for the trader.It is important for traders to thoroughly research and test any EA before using it for real money trading. This can involve backtesting the EA on historical data to see how it would have performed in the past, and/or using a demo account to see how the EA performs in real-time market conditions.Traders should also be aware that EAs do not eliminate the risks of trading, and it is important to understand the risks and limitations of using EAs. They should not rely solely on EAs and should always use risk management strategies to protect their capital.

Could we trust the EAs available out there?

6 Answer

6 Answer

Could we trust the EAs available out there?

6 Answer

6 Answer

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