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Pros of Expert Advisors (EAs) in Forex Trading:

paulML

New Member
  1. Automation: EAs can automate the process of trading and make trades 24/7 without the need for manual intervention.
  2. Consistent trading: EAs can follow a set of predefined rules and execute trades based on them, which leads to more consistent trading compared to manual trading.
  3. Backtesting: EAs can be backtested on historical data to see how they would have performed in past market conditions.
  4. Emotional stability: EAs remove the emotional aspect of trading, which can lead to more consistent and profitable trades.
  5. Speed: EAs can execute trades much faster than a human trader, which can be especially important in the fast-paced world of forex trading.
 

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