Summary of Reddit Comments on "Expert Advisor MTS XAUUSD"

Expert Advisor (EA) MTS XAUUSD

• EA is an automation tool for trading and can be profitable depending on the strategy behind it.
  • "Expert advisors are just automation. If the strategy behind is good, then of course they'll work."
• Realistic expectations are crucial as high profits may come with significant drawdowns.
  • "The most important thing is just to have realistic expectations."
• Developing your own EA is recommended over buying one, with a suggestion to use MQL5 with no coding experience.
  • "Build your own bot. MQL5 has a wizard where you don't need any coding experience."
• Gold EAs are not recommended, as they are often marketed to newbies and may not be effective.
  • "Gold EAs never work and are always marketed at newbies who know nothing about the market."

Colonel Nell's Statements

• Colonel Nell is considered a serious and credible individual by some users.
  • "Karl Nell is THE real thing and a very heavy hitter."
• Views on Colonel Nell's credibility vary, with some skepticism about his authority and evidence.
  • "He's an important guy for sure, but you make it sound like he's one of a very small group."
• Colonel Nell's statements are seen as lacking solid evidence by some users.
  • "Still ZERO solid evidences to any of their claims."
• Colonel Nell's openness and approach to disclosure are appreciated by some users.
  • "There is a presentable, 'sellable' face for human disclosure."
• Some users express discomfort with the lack of concrete proof in Colonel Nell's statements.
  • "On the one hand Nellsaid confidently 'no doubt'. On the other, the evidence he offers up is a flimsy appeal to authority."

General Comments on Expert Advisors and Trading Strategies

• Expert advisors can be profitable if used correctly, but many in the market are considered scams.
  • "90% of the once out there are scam but yes there is 10% that actually work."
• Building your own expert advisor is recommended for better control and effectiveness in trading.
  • "Yes they do even tho 90% of the once out there are scam but yes there is 10% that actually work."
• Seeking advice and resources for forex trading is suggested for better understanding and success.
  • "If you need any help with Forex Trading, Visit fuelforex.com and send me a message on telegram."

Please share any further information or resources for a more comprehensive summary.