Can using EA in Forex Trading Can be Profitable?

[rilo512]

Please guys let me know in the replies that should i use ea for trading or stick to manual trading?

 

[coachdray]

EA's can be very profitable, but also risky. I think it's important to use an EA as a tool to compliment your own trading strategy to minimize any potential risks.

 

[rilo512]

EA's can be very profitable, but also risky. I think it's important to use an EA as a tool to compliment your own trading strategy to minimize any potential risks.

Yeah thanks appreciated

 

[magiangelic]

EAs are profitable, there is quite a number of them out there which does give consistent profits

 

[Fin_Trader]

Please guys let me know in the replies that should i use ea for trading or stick to manual trading?

If your manual trading strategy gives positive and stable results, then there is no point in looking for someone else's robots. It is better to try to automate your strategy - this will be the best EA for you.

 

[Fxzombie]

If you can find a profitable EA, of course it is possible and possible to make money even while sleeping, traders just set up the EA via VPS and let it work 24 hours a day, but the hardest part is finding a profitable EA that performs well all the time.

 

[pippin]

Please guys let me know in the replies that should i use ea for trading or stick to manual trading?

The idea for your EA should come from manual trading, like after 3-4 months of trading you start to notice that you can automate analysis (some pattern recognition) or decisions and this is how you naturally come to the idea that you need the EA for that.

 

[Jonathan Lee]

It depends on your trading style and goals. EAs can automate trading and save time, but they can also be risky if not properly configured or tested. Manual trading allows more flexibility and control, but requires constant attention and expertise. If you have the time and skill, manual trading may be better, but EAs can work well for certain strategies.