DislikedI don't understand why so many FX Factory people believe in EAs when eventually they all blow up. Been trading for a long time and realize that
eventually they all blow up your account. If you know one that works over time please recommend it to us.Ignored
How you trade with an EA is up to you. For example, Pbh on the TMS EA thread seems to be a very good trader and does his fundamental analysis before turning on the EA on particular pairs with trading set only for a particular direction. He seems to be doing well from it.
I agree with you that it is unlikely that any EA can be left on its own 100% of the time. However, there is a lot to be said for this "semi-automatic" approach.
(Plus, Steve is a prolific coder and loves to code systems that have a proven track record like this one. Actually, I surprised he has not coded this already with his Obsessive-Compulsive Coding disorder.)