It has taken a long time and a lot of money to realise that EA's are not consistently profitable in LIVE trading conditions
And manual trading is? 🙄
What's the difference between a human manually entering trades based on a good strategy and a piece of script entering trades based on a good strategy?
Sure, you can't just leave an EA to go off on it's merry way and sit back and watch the pips flood in, but most EA's just help traders stick to their own strategy.
You should always be watching an EA just like a manual trade, and intervening if necessary.
If the strategy behind the EA is sound, and it's coded well, and you understand where its weaknesses are (and how to identify and rectify them), then there is no reason whatsoever why EAs can't be profitable.
I would suspect you don't like EA's because you bought them, didn't bother to understand the underlying strategy or code, sat back and expected the money to just come rolling in and then were disappointed when it didn't all magically happen.
EA's aren't a total solution to making money in forex. They are just another tool at your disposal to HELP you identify and exectute profitable trades.
If the EA says 'buy here' for some reason and you're trading experience tells you that the EA in this instance is wrong, then you simply cancel the EA's trade and move on to the next trade.
I find EA's help me stick to my own rules and miss less oppotunities that my own strategy dictates I should take.