Is there any EA that actually works?

<p id="isPasted">Do you really believe that there EXISTS a system which can make you money day in and day out without a SWEAT! Then you must be too willing to make a fool of yourself. If ever there was a system like this would the so called CREATOR be willing to share it with you for say $100 or even $1000. Get REAL! Will Mark Zuckerberg ever tell you how he did it and you you can do it too.</p><p>If you really wanna make some serious money in FOREX the first thing you must LEARN is to get REAL. Stop believing in all these so called Holy Grail Systems. If ever there were a system like this would there have even been a financial crisis. NOPE! . Learn to understand the fundamentals of Forex. Learn how it all works. Can you be an expert driver without ever learning it. Can there be a Scientist who has never studied his subject thoroughly. NEVER EVER! So how can you trade forex with such systems if you don't understand the basic fundamentals.</p><p>My advise…STAY AWAY from such systems. Learn it like you learned your language. STEP by STEP. With practice and self confidence you can master it. Do you really think all bankers are geniuses</p>

<p id="isPasted">Yes, Expert Advisors (EAs) can be profitable, but their effectiveness depends heavily on various factors, and there is no single "holy grail" EA that guarantees success indefinitely. Profitability requires a combination of a robust strategy, proper risk management, and ongoing human oversight.&nbsp;</p><p><strong>Key Considerations for a Working EA</strong></p><ul><li>Strategy and Programming: The EA's underlying strategy needs to be sound and well-coded. A strategy that works well in a trending market might fail in a ranging one, and vice versa. Hybrid EAs that combine multiple strategies (e.g., trend-following and scalping) can be more adaptable.</li><li>Adaptability and Monitoring: Markets are dynamic and constantly changing, so an EA will need occasional adjustments or updates to remain effective over the long term. It is not a "set and forget" tool; continuous monitoring and manual intervention when market conditions shift are crucial.</li><li>Risk Management: Successful EAs incorporate strong risk management principles, such as proper position sizing and stop-losses, to prevent significant losses. Be very wary of EAs that use risky strategies like the Martingale system (increasing lot sizes after losses), as these can quickly blow an account.</li><li>Testing: Rigorous backtesting on high-quality historical data is essential, but it is not enough. Forward testing on a demo account (and then a small live account) is necessary to see how the EA performs under real market conditions, including slippage and spread variations.</li><li>Broker and Platform: The broker's execution speed, spreads, and overall reliability play a significant role in an EA's performance. Using a Virtual Private Server (VPS) is recommended to ensure the EA runs 24/7 without connectivity issues or latency problems.</li><li>Realistic Expectations: An EA is a tool to implement a strategy without emotion, not a guaranteed path to quick riches. Consistently profitable EAs may generate modest but steady returns (e.g., a few percent per month) rather than the unrealistic high returns often promised by scam products. </li></ul>