I find it very funny, how people discuss here.
As said before, trading is gambling, there is no way to anticipate the market's future movements.
If anybody likes, I can share the scientific works about it.
So knowing that, risk management is all that counts. And hence your personal risk bearing ability.
That's why I am using this EA, because it doesn't even pretend it could outguess the market.
It just trades based on a strict and simple rule and as long as the market doesn't move continuously in one direction it will win, if not, it will blow up your account (when set to 100% risk).
So if you invest some money and after e. g. doubling it taking the original invest out, you might be fine.
I would not cry to 10 fold my account like this one, but I would have taken some money out already ;-)
But people are greedy and are assuming themselves rich counting on compound interest, and hence will loose it all.
Call it a miracle EA somebody wants to sell based on artificial intelligence or a trading guru, who is offering trading courses to make you rich...
... this is all bullshit, but people want to believe.
Bitcoin bubble, same thing.