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Expert Advisor...good for beginners?
Tham gia từ Feb 12, 2016
507bài viết
Dec 13, 2017 at 14:48
Tham gia từ Feb 12, 2016
507bài viết
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 :)
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 :)
Tham gia từ Nov 22, 2017
23bài viết
Jan 31, 2018 at 07:43
Tham gia từ Nov 22, 2017
23bài viết
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?
Tham gia từ Mar 02, 2013
229bài viết
Feb 01, 2018 at 10:51
(đã sửa Feb 01, 2018 at 10:52)
Tham gia từ Mar 02, 2013
229bài viết
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...
Stop
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.
Stop
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.
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...
Stop
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.
Stop
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
Tham gia từ Feb 20, 2018
13bài viết
Feb 20, 2018 at 11:55
Tham gia từ Feb 20, 2018
13bài viết
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
Tham gia từ Aug 09, 2017
598bài viết
Mar 11, 2018 at 06:58
Tham gia từ Aug 09, 2017
598bài viết
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.
Tham gia từ Dec 11, 2015
1462bài viết
Mar 11, 2018 at 15:48
Tham gia từ Dec 11, 2015
1462bài viết
In my opinion one should first learn at least the foundations of technical and fundamental analysis before they begin using an EA.
Tham gia từ Feb 26, 2018
13bài viết
Mar 12, 2018 at 11:58
Tham gia từ Feb 26, 2018
13bài viết
That is true. Before use EA better to learn a bit first
Tham gia từ Feb 12, 2016
394bài viết
Mar 15, 2018 at 16:01
Tham gia từ Feb 12, 2016
394bài viết
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
Tham gia từ Dec 11, 2015
1462bài viết
Mar 15, 2018 at 16:05
Tham gia từ Dec 11, 2015
1462bài viết
I used EAs as a newbie, and I think they were more a hindrance than a help because I understood them so little at the time. But that's just my subjective and individual experience.
Tham gia từ Jul 19, 2020
283bài viết
Sep 22, 2020 at 19:01
Tham gia từ Jul 19, 2020
283bài viết
Every beginner should start their trading career with a demo account. Because without learning, it is quite tough to survive in this risky market.
Tham gia từ Feb 07, 2020
40bài viết
Sep 23, 2020 at 08:30
Tham gia từ Feb 07, 2020
40bài viết
If you are a newbie to the forex market and want to use an EA, you can surely go for it. There is no harm in using EA as a newbie just make sure that the EA you are using must be compatible with your trading strategy. So, I would like to suggest you to test the EA first on the demo account if it shows success continue it with the live account.

forex_trader_1786937
Tham gia từ Aug 23, 2020
107bài viết
Sep 23, 2020 at 15:21
Tham gia từ Aug 23, 2020
107bài viết
I totally believe in manual trading, this is how I maximize profits and not Expert Advisory.
Tham gia từ Jul 20, 2020
172bài viết
Sep 24, 2020 at 18:58
Tham gia từ Jul 20, 2020
172bài viết
If you are new in this market you have to be careful when you are going to choose a broker for you. There are so many fake brokers. So research the market properly and select the best broker for you to trade and make money from this market consistently.

forex_trader_1786937
Tham gia từ Aug 23, 2020
107bài viết
Sep 25, 2020 at 04:59
Tham gia từ Aug 23, 2020
107bài viết
EbonyJones posted:
If you are new in this market you have to be careful when you are going to choose a broker for you. There are so many fake brokers. So research the market properly and select the best broker for you to trade and make money from this market consistently.
I think he is asking about EA. I can never trade with EA as it can never beat my manual trading.
Tham gia từ Jul 20, 2020
286bài viết
Nov 03, 2020 at 01:46
Tham gia từ Jul 20, 2020
286bài viết
If you are a beginner trader, you should gain experience from EA. It takes patience and practice to get an idea of market momentum. A lot of research and information should be collected.
Tham gia từ Nov 03, 2020
72bài viết
Nov 03, 2020 at 06:42
Tham gia từ Nov 03, 2020
72bài viết
It might be not a wise idea to start off with EAs as you will have little to no understanding on how those work. It is better to start off on manual trading and make your way to understanding the forex trading.
Tham gia từ Nov 07, 2020
19bài viết
Nov 30, 2020 at 07:29
Tham gia từ Nov 07, 2020
19bài viết
I don’t think beginners should use EAs because you might not be able to sense the situation.
Tham gia từ Aug 17, 2020
121bài viết
Nov 30, 2020 at 09:21
Tham gia từ Aug 17, 2020
121bài viết
I don't think beginners should be using EA's either. If you don't have enough experience, you have to trust the EA blindly, which is like trusting a complete stranger with your money. You need to be patient and only start trading - whether automated or manual - once you know how to build and test a strategy.

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