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Dec 10 2017 at 08:20
3 posts
I open this topic with the concern of whether it will be good or not to use Expert Advisor when you're starting in the world of trading like me. I'd like your sincere opinions.

Baldo (BaldoN)
Dec 13 2017 at 14:48
522 posts
I believe you will got many opinions for 'good' and similarly for 'bad'. All of them would be based on personal way of trading.
If you do not have experience, I believe would be better for you to use EA, but the difficult moment is how to find out profitable EA with positive mathematical expectation :)

Jimm (Jimmblack)
Jan 31 2018 at 07:43
23 posts
Honestly, I'm a newbie in trading as you are. I did not use EA though I want to try. But how to understand which EA is better and where it can be bought?

Feb 01 2018 at 10:51
238 posts
Ok here s my experience:

2009 I did my first trades in Marketiva (Broker), without learning and reading anything. I thought I am smart. After 2 weeks demo trading i put 1 k in a real account.
It survived a couple of days...

2012 my first EA, recommenmded by a friend, a free one. It made good steady profits during a couple of months (over 200%). Then suddenly margin call, account blown up. 3 k loss. This was my first experience with 'Martingale'.
My tip to all newbies: HANDS OFF Martingale EAs! Independly how good or safe they seem to be.

2014: after a fight in the office with my boss who made me realise that I am nothing more than a little payed slave without any honour or value in the system of modern exploitation (work as employee), I decided to try again with forex.
This time i decided to analyse every EA i wanted to buy, read all the informations, the reviews, do researches in Forexpeacearmy, forexfbi, here, and i bought mostly expensive commercial EAs with the best critics of users and review sites.
I tried more than 15 of them spend a lot of money tu purchase and test them on real accounts.
Result: over 10 k loss.
Stop all EAS.

2016: i decided the best thing in my life: Learn to trade!!
I am still not yet a good trader, but I am slowly recovering my losses.
Mostly with trade-copier services from good traders I found, but also a bit with own trading.
(by the way i also lost some money with trade-copiers of crappy traders!).
Last year was the first year i made profit with forex!
You can see the track records in my profile.

My conclusion:
Hands off EAs if you dont know how to trade.
There is no perfect EA and there is no EA making profit for long term. All EAs are good in some market conditions and bad in others.
Some are better for trendy markets, some are better for volatile markets, ... and so on.
There s no EA that can handle every situation.
If you use a EA you have to know it as if you had coded it yourself and be able to controle it at any time.

The differenece between who your are and who you would like to be be is what you do
Feb 20 2018 at 06:13
2 posts
hola¡ soy novata en esto del mercado forex. hice mi deposito de 100 dolares en la plataforma de iforex . y todos los tutoriales estan muy sencillos pero a la ora de operar no se como hacerlo. lalguien me puede asesorar¿

Feb 20 2018 at 11:55
10 posts
I have tried EAs and I have had a better outcome than ricki72 . Some are good some are bad but they are so easy to set up and use. I would just get a load of EA and run them on demo for a few months. You will soon find which ones work and which dont

Mar 11 2018 at 06:58
536 posts
From this market place so many traders fail despite of having powerful trading strategies, because they have no proper money managing plan. the success in Fx depend on money management , so we the traders who are particularly beginners have to emphasis on money managing plan besides acquiring good trading knowledge.

Mar 11 2018 at 15:48
1487 posts
In my opinion one should first learn at least the foundations of technical and fundamental analysis before they begin using an EA.

Mar 12 2018 at 11:58
13 posts
That is true. Before use EA better to learn a bit first

Tiffany (TiffanyK)
Mar 15 2018 at 16:01
427 posts
I agree with the others that EA is helpful as a start. Less manual work - more time for building your strategy.

Accept the loss as experience
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