Originally Posted by fx_chick

I was implying that a robot can’t think. It follows set rules. I am also implying that if people think that trading is as easy as finding an EA that they can activate… walk away and consistently make money, then they are kidding themselves. If there are profitable EA’s that consistently make money, then why aren’t you trading them? Look, all I am saying is that there are many good trading systems out there, but you can’t trade them like a robot and take every signal, because in the end you’re taking 2 steps forward and 3 steps back. There are a lot of things to consider before putting on a trade, like is the market ranging rather then trending? Has the confirmation candle moved too far? Should I jump in at the close of the candle or wait for a little pullback? Some pairs move differently to others. You need to follow them and know which ones you should wait for a better fill because some pais 90% of the time will give you a 5 – 15 pip better fill depending on the particular timeframe you are trading, and other pairs don’t so you need to jump in well before the candle closes. The average trading range on a 4 hour GBPUSD candle is close to 100 pips whereas the Aussie is less then half that. Every pair is different. With some you would be better off taking the trade well before the candle confirms, but with others you’re better off waiting. How would a robot that can’t think be able to determine what to do? I trade chart patterns and candlestick patterns in conjunction with fib extention and retracement levels on different timeframes ranging from 15 minute charts to 4 hour charts and I would NEVER take a trade just because I got a signal if support or resistance levels are against me.

I’m not having a go at you, just stating what I believe. Trading isn’t easy. If it were as easy as a system with set rules and nothing else to think about then everyone would make money from trading by using an EA. And even if there is a profitable EA out there, what I am suggesting is that you can make MUCH MORE profit using the same trading system the EA uses but putting trades on yourself. And from my experience with EA’s and by what people have also been saying in not only this thread but the whole forum, they aren’t very reliable. They take trades when they shouldn’t and don’t take trades they should.