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Cons of Expert Advisors (EAs) in Forex Trading:

paulML

New Member
  1. Over-reliance: Some traders may become too reliant on EAs and forget to check their trades manually, which can lead to unexpected losses.
  2. Vulnerability to market conditions: EAs may not be able to adapt to sudden changes in the market, leading to losses.
  3. Limited understanding: Some traders may not fully understand how EAs work, which can lead to unexpected losses.
  4. Technical issues: EAs can sometimes experience technical issues that prevent them from executing trades correctly.
  5. Lack of creativity: EAs follow predefined rules and do not have the ability to adapt to new market conditions, which can limit their profitability compared to human traders who can use their judgement and experience.
 

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