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No, I have never traded with EA but I know about EA. This is an automatic trading instrument. Without any knowledge using any EA, you can make a profit, but you will never be able to learn about this business if you become dependent on a robot or ea. So I always try to avoid this system than I try hard to learn well about this trade.
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Forex robots really function, but as Arief said prosperously, management of our money will be key because if we have an account that cannot be easily defeated by the market,
maybe we only use 0.5% of our capital, it will be easy trading with robots and with good money management definitely using robots will be better than all ... But I think besides money management I think we also need to choose the robot that is most suitable for us like having the same logic and trading strategies for robots or ea that we might want to use ...
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Robots do not function for all trading times, under certain conditions the robot can work. But robots cannot provide big profits, if the robot supports each trade then uses this robot, all traders can make big profits from all trades, but the fact is traders must be talented to benefit from trading, traders must use forex knowledge to trade well .
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there is no way robots can do better than trading manuals in this business, it is always safe to trade the manual market, even though it requires us to take the time to learn and understand how trade should be done when using manual trading but the fact is that it gives more profit than robots and indeed in some cases we want to get faster and not wait for it, sometimes we are willing to take greater risks, memnag in this case can have a greater advantage, but sometimes also get a big loss. comparison with the balance of risk benefits.
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RObots are free of emotions, but they cannot think that they only act on the direction given by humans. They cannot pursue their work without instruction because the market changes its movements suddenly. and it does have advantages and disadvantages when using other tools related to Forex trading. Robots are not sleeping but humans sleep eating and other activities. very respect for humans and robots. Human emotions usually make the wrong decision, when the direction is against it.
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I was instructed to use a robot because when you use it you will trade for you as you wish without emotion without fear, all will depend on the plan and this is good for you to relax and If you want to make forex trading as your career, then it is better to avoid auto trading at an early stage. The use of EA will never allow you to understand trading techniques. Because we get experience, the transition to automatic trading can be done. It's better to learn programming so you can automate your strategy without relying on others.
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when we trade with a live account then this will make our financial risk that we have to be more vigilant in trading and my own feelings because I can't trade with automatic trading so I don't use it. I only use manual trading, I understand performance well and I do not recommend and do not choose to trade robots because robots are not safe and not trusted and we must avoid trading robots because they are unreliable and my advice is to trade with manual trading simply because the manual is best trade and almost 95% trade manually.
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The real beauty of Forex trading is that we have to trade for ourselves by looking at market conditions and studying different analyzes / data by experts. Robots are flawed because they don't have eyes and income to listen and see events around the world and they only understand charts and curves. So the real strength and strength of forex lies in manual trading and not EA or robot trading.
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sir I believe in some EAs I mean EA is useful for our trade and we can get money or profits using EA but this is very risky too and I think you should try trading a demo account first. and I have used many robots but most of them are not profitable. A robot (MDP) gave me 150 $ in a day but then when I invested more in it, it proved my decision wrong and I had to incur a loss of 450 dollars more. I would never advise anyone to use robots because they are worthless and just a waste of time.
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RObots are free of emotions, but they cannot think that they only act on the direction given by humans. They cannot pursue their work without instruction because the market changes its movements suddenly. and it does have advantages and disadvantages when using other tools related to Forex trading. Robots are not sleeping but humans sleep eating and other activities. very respect for humans and robots. Human emotions usually make the wrong decision, when the direction is against it.