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New Trader

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Feb 27, 2013 06:35 pm
#1

Antworten: 6
Member since: 27/02/2013

I am fresh trader, I often get the vibes that automated software are good money making machine. I came across http://www.forexbenz.com/ is it any good? Please advice.

Feb 28, 2013 07:00 am
Champ User

Antworten: 711
Member since: 17/05/2011

Forex EA selling websites r never legitimate. They claim it to be producing high returns and sell EA for very low price. Same is the case with forexbenz. It is offering EA for just $175. 

That is why EAs r rarely preferred over signal services, managed accounts and autotrading services. It is better to find a good and legitimate money manager than to search commercially available EA.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Mar 01, 2013 04:36 am
Sasha User

Antworten: 836
Member since: 16/05/2011

Originally posted by kevinbroad12

I am fresh trader, I often get the vibes that automated software are good money making machine. I came across http://www.forexbenz.com/ is it any good? Please advice.



You r advertising it. You have made similar posts on other forums. 

Mar 03, 2013 07:51 am

Antworten: 1
Member since: 03/03/2013

in my view manual trading is much batter then any EA in my experience every EA give's Loss or Hundge position nothing else so i don't belive on any EA .

Apr 24, 2013 06:41 pm
irfan User

Antworten: 43
Member since: 24/04/2013

That is why EAs r hardly ever recommended over indication solutions, handled records and autotrading solutions. It is better to look for a and genuine money administrator than to search from the commercial perspective available EA.

May 01, 2013 09:44 am
Sasha User

Antworten: 836
Member since: 16/05/2011

Originally posted by forexhunter

in my view manual trading is much batter then any EA in my experience every EA give's Loss or Hundge position nothing else so i don't belive on any EA .



If u r trying commercial EAs then yes u r right. But if u develop ur own manual strategy based on technical indicators then an EA, based on ur own strategy, will perform better than manual trading. Because it will be more accurate in calculations, entry and exit points.

Scam EAs have changed mindset of traders and now everyone thinks about EAs as a negative product. Otherwise EAs can really be very helpful.

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