If there is one thing that created a huge stir in the forex community, it'd definitely have to be Forex Expert Advisors. You may be wondering if there are any forex traders who are rich trading Forex Expert Advisors. My answer to that's "if they're, they're DEFINITELY in the minority.".
I know Forex Expert Advisors sound like an excellent idea. Let's think about this logically. What's their main purpose? Basically, they're these trading robots which trade the market for you without any kind of human intervention. Does this sound crazy to anyone else? Letting a machine trade your hard earned money for you on autopilot ?? You may think that I'm exaggerating a bit.
don't you think if becoming rich, letting your forex expert adviser trade for you was that simple, there would be more people having success. After all, nobody would want to do the heavy lifting for themselves.
don't get me wrong. I'm as pumped up about technology as the next guy. Let's be a little realistic about it.
Another huge hiccup about EAs is the fact that you've to trust your broker. I don't know about you. I've a very hard time trusting my broker when I'm the one pushing "buy". "sell". With an EA, you've to trust your broker to accurately open and close trades off of a trading robot that you've no control over. That's a HUGE leap of faith.