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General Forex Discussion
Do forex EA robots ever work?
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[QUOTE="hustrewilliams, post: 199111, member: 68056"] Forex EA robots are helpful because unlike humans they can monitor hundreds of markets at a time. They are very quick to react when a trade signal is received whereas hesitancy of a trader to make fast decisions can cause him to miss out on a number of opportunities. The thing is, we can’t just sit back and watch the money rolling in while these automated softwares trade on our behalf. If it was possible then every trader would have been making money. Moreover many traders do believe that by using EAs they would be able to separate emotions from their trade but most of the EAs are not fully automated and require human intervention from time to time. Emotions naturally come to the picture when you have to decide whether you should intervene or not. I think EAs work well when you monitor it regularly and make necessary changes whenever needed and that too needs some programming skills and in-depth knowledge of trading strategies. [/QUOTE]
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