General A Forex trader must know the advantages and disadvantages of EAs

[myfxforum]

Forex EA Advantages:

EA detaches human emotions from trading

EA offers real-time and actionable inputs for quick decision making

EA does not undergo stress and anxiety; it can trade 24x7 on behalf of a trader

EA enhances the accuracy of backtesting

A trader need not to worry about a lack of trading skill sets when an EA is in place.

Forex EA Disadvantages:

EA work based on mathematical and statistical models. They don’t consider fundamentals and macroeconomic events that could influence the trading conditions

EAs are prone to technical problems. Technical problems like internet failure, hardware failure, or a power failure might impact the ability of EAs

 

[Klaus.K]

From my experience with EA, I can say that they provide better profits for beginners, which is a benefit. The disadvantage of using an EA is that it is more expensive.

 

[mana2011]

EA work based on mathematical and statistical models. They don’t consider fundamentals and macroeconomic events that could influence the trading conditions

EAs are prone to technical problems. Technical problems like internet failure, hardware failure, or a power failure might impact the ability of EAs

 

[abulahmed65]

Forex EA Advantages:

EA detaches human emotions from trading

EA offers real-time and actionable inputs for quick decision making

EA does not undergo stress and anxiety; it can trade 24x7 on behalf of a trader

EA enhances the accuracy of backtesting

A trader need not to worry about a lack of trading skill sets when an EA is in place.

Forex EA Disadvantages:

EA work based on mathematical and statistical models. They don’t consider fundamentals and macroeconomic events that could influence the trading conditions

EAs are prone to technical problems. Technical problems like internet failure, hardware failure, or a power failure might impact the ability of EAs

likes those terms. but who gonna share a real profitable robot