A question on EA
Originally posted by illiterateNormally EAs say that they are for trading some specific pairs only. Do EAs only trade specific pairs? Or some EAs can work for all pairs too?
every ea is programmed with a strategy rules and those rules or strategy is not good for every pair conditions so this is possiblity to get losses if you try an strategy on diffrent pair or TF. like this ea is it in back.
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The main purpose why a trader should use EA is to make and gain profit in Forex trading. But I do not think it is recommended to new traders right away.
Originally posted by sadscorpion
Originally posted by illiterate
Normally EAs say that they are for trading some specific pairs only. Do EAs only trade specific pairs? Or some EAs can work for all pairs too?
every ea is programmed with a strategy rules and those rules or strategy is not good for every pair conditions so this is possiblity to get losses if you try an strategy on diffrent pair or TF. like this ea is it in back.
yes and to work with the analytics and the evaluation with the EA to shows the work with the distinct periode of sessions to further define the best with the decision to use with the real trading.
Isnt it best not to rely on EAs too much because the market conditions constantly change?
I heard it was best to rely on manual trading as opposed to EAs which can incur heavy losses.