EA in Forex Trading: Not a “Holly Grail” but a Good Helper!

An Expert Adviser (EA) is widely believed as the “Holly Grail” on which traders pin their hopes that they can be rich overnight without any risks. Unfortunately, an EA is not a skeleton key under the context of an ever-changing market. It is nothing but a tool assisting investors to gain profits easier. As such, several advantages of EA are listed as follows:

• EA is in automatic operation, carrying out transactions on your behalf when you cannot execute trading operations.

• EA can implement trading tactics fully and flawlessly. Please use EA when you find it hard to strictly abide by trading tactics by yourself.

• As a system immune to emotions, EA will never suffer from self-deprecation even if it sees losses. It is EA that can do you a favor if you are bad at emotion management.

• Tracking a dozen of indicators is a hard case for traders but a piece of cake for EA.

• Making mistakes is common, which can be encountered even by well-experienced investors. However, computers are not human beings so EA equipped with correct systems will never blunder.

• The timing of response, analysis and decision-making is crucial for forex trading. EA can get all this done instantly, which is impossible to be realized by hand.

Nothing can be once and for all in forex trading. Instead of pursuing the imaginary “Holly Grail”, you are well recommended to study how to use tactics and EA!

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