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
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