In my trading experience, I saw that most of the EAs don’t work properly after a certain period of time. So, I hardly believe in EA trading even though FXOpulence allows EA trading and they use advanced technology.
Automated trading (EA trading) offers efficiency and removes emotional bias, executing trades based on predefined algorithms. However, it requires robust strategy development, constant monitoring, and adaptation to market conditions. Success depends on thorough testing and understanding of the EA's limitations and risks involved in automated trading.
My view on EA trading in Forex is that it can be a valuable tool when used appropriately. EAs automate trading based on predefined algorithms, offering efficiency and eliminating emotional bias. However, their effectiveness hinges on robust strategy development, continuous monitoring, and adaptation to market conditions. Human oversight remains crucial to ensure EAs operate within desired parameters and to intervene when necessary. I can successfully run EAs on the platform of LQDFX broker without facing any restrictions.
