EAs do not work for me! Its much better to do manual trades.

EA can feel the market in real time better than anyone while reading customized Indicator.
Also no one can predict gaps neither EA can do.

Oh, this f...ng gaps always works against of me! 😈

CrazyTrader posted:
EA can feel the market in real time better than anyone while reading customized Indicator.
Also no one can predict gaps neither EA can do.

It's not a feeling, it's calculating of datas))) But I'm agree with you)

GBLab posted:

expert2trade posted:

Manual trading for me is a mix of scalping and swing trading. Difficult to get a EA designed on such a mix😄

Most EAs follow strategies that work only under specific conditions. I have yet to see a scalping EA that actually works profits!

Maybe for longer term, swing trading EAs can work.....but again, difficult to predict!

I do not offer you to find the EA, I'm only trying to explain that if you really have THE SYSTEM, any advanced coder can program it.

What this entire topic is for? To discuss EAs advantages or disadvantages versus manual trading. My vote is for EAs, and these are the reasons:

1) Any manual trading system that adhere to strict rules can be developed into the EA.
2) EA trades emotionless, free of human errors.
3) EA trades 24/5.

However, somebody may find a pleasure in manual trade, trading not for a profit, but mostly for adrenaline.

Exactly

GBLab posted:

expert2trade posted:

Manual trading for me is a mix of scalping and swing trading. Difficult to get a EA designed on such a mix😄

Most EAs follow strategies that work only under specific conditions. I have yet to see a scalping EA that actually works profits!

Maybe for longer term, swing trading EAs can work.....but again, difficult to predict!

I do not offer you to find the EA, I'm only trying to explain that if you really have THE SYSTEM, any advanced coder can program it.

What this entire topic is for? To discuss EAs advantages or disadvantages versus manual trading. My vote is for EAs, and these are the reasons:

1) Any manual trading system that adhere to strict rules can be developed into the EA.
2) EA trades emotionless, free of human errors.
3) EA trades 24/5.

However, somebody may find a pleasure in manual trade, trading not for a profit, but mostly for adrenaline.

I want to say that I traded for profit but I'm not using EAs for trading. Everyone chooses his own trading style. My one was manual trading.
And you can lose funds using EA like you can lose funds with manual trading. So the difference is 'who is trading: you or your PC'. But I think if I have to lose my funds I'll better lose it by myself

But then there are the new systemic trading systems that require a computer, no human could trade some of those systems.

If Vontogr and CrazyTrader will forgive me for repeating myself, however for the new traders I will, we made a robot back in 2008 that took over 3,000 trades, over a span of 15 months, with “no” losses except one for 8 cents. No human can do that.

How are you going to retire if you don't trust robots? What happens when the human traders get old and senile?

Anyone wanting to check out a new type of trading system, can download any of our trading systems and use them on a demo account for as long as you like. Try before you buy policy. Good systems mostly do that, so you can shorten the search by looking at how long you have to evaluate the system.

Now my systems are for the home investor, someone retired or trying to. They don't make enough annual interest to sparkle in the young traders eyes. One makes from 9 to 15% a year and the other from 12 to 24% but the rules are the same for trader type systems. If the designers believe in their system, they won't mind you trying it. So, try it for 3 months or until you are convinced of the soundness of the system, then go live. Nothing to lose. I don't think you are going to get a live trader to offer that, but I could be wrong.

Bob

expert2trade posted:

GBLab posted:

expert2trade posted:

Yes I tried that, but I'm scared of spikes and Federal announcements! 😀 They keep going back and forth and render the EAs useless 😁

You can suffer from spikes trading manually exactly the same as using EAs. As for Fed announcements, you can apply news filter based on FFCal and the EA will just not trade before important news releases.

The question is if your manual trading is really the SYSTEM, i.e. does it adhere to certain rules which are always the same, or it is based on intuition. I can assure you that any manual trading system can be programmed. Intuitional trading can be successful for some time, but one day it will bring you a loss, unless you are a kind of financial genius.

Manual trading for me is a mix of scalping and swing trading. Difficult to get a EA designed on such a mix😄

Most EAs follow strategies that work only under specific conditions. I have yet to see a scalping EA that actually works profits!

Maybe for longer term, swing trading EAs can work.....but again, difficult to predict!

If you trade manually you should have a system.
If you have a system then EA can trade the system faster and precisely than you.
If you do not have a system than you don't trade but gamble.

togr posted:

expert2trade posted:

GBLab posted:

expert2trade posted:

Yes I tried that, but I'm scared of spikes and Federal announcements! 😀 They keep going back and forth and render the EAs useless 😁

You can suffer from spikes trading manually exactly the same as using EAs. As for Fed announcements, you can apply news filter based on FFCal and the EA will just not trade before important news releases.

The question is if your manual trading is really the SYSTEM, i.e. does it adhere to certain rules which are always the same, or it is based on intuition. I can assure you that any manual trading system can be programmed. Intuitional trading can be successful for some time, but one day it will bring you a loss, unless you are a kind of financial genius.

Manual trading for me is a mix of scalping and swing trading. Difficult to get a EA designed on such a mix😄

Most EAs follow strategies that work only under specific conditions. I have yet to see a scalping EA that actually works profits!

Maybe for longer term, swing trading EAs can work.....but again, difficult to predict!

If you trade manually you should have a system.
If you have a system then EA can trade the system faster and precisely than you.
If you do not have a system than you don't trade but gamble.

If you have a system but you cannot create EAs then you have to trade manually)))

aslan9 posted:

togr posted:

expert2trade posted:

GBLab posted:

expert2trade posted:

Yes I tried that, but I'm scared of spikes and Federal announcements! 😀 They keep going back and forth and render the EAs useless 😁

You can suffer from spikes trading manually exactly the same as using EAs. As for Fed announcements, you can apply news filter based on FFCal and the EA will just not trade before important news releases.

The question is if your manual trading is really the SYSTEM, i.e. does it adhere to certain rules which are always the same, or it is based on intuition. I can assure you that any manual trading system can be programmed. Intuitional trading can be successful for some time, but one day it will bring you a loss, unless you are a kind of financial genius.

Manual trading for me is a mix of scalping and swing trading. Difficult to get a EA designed on such a mix😄

Most EAs follow strategies that work only under specific conditions. I have yet to see a scalping EA that actually works profits!

Maybe for longer term, swing trading EAs can work.....but again, difficult to predict!

If you trade manually you should have a system.
If you have a system then EA can trade the system faster and precisely than you.
If you do not have a system than you don't trade but gamble.

If you have a system but you cannot create EAs then you have to trade manually)))

If you cannot create EA then you ask someone who can:)

togr posted:

aslan9 posted:

togr posted:

expert2trade posted:

GBLab posted:

expert2trade posted:

Yes I tried that, but I'm scared of spikes and Federal announcements! 😀 They keep going back and forth and render the EAs useless 😁

You can suffer from spikes trading manually exactly the same as using EAs. As for Fed announcements, you can apply news filter based on FFCal and the EA will just not trade before important news releases.

The question is if your manual trading is really the SYSTEM, i.e. does it adhere to certain rules which are always the same, or it is based on intuition. I can assure you that any manual trading system can be programmed. Intuitional trading can be successful for some time, but one day it will bring you a loss, unless you are a kind of financial genius.

Manual trading for me is a mix of scalping and swing trading. Difficult to get a EA designed on such a mix😄

Most EAs follow strategies that work only under specific conditions. I have yet to see a scalping EA that actually works profits!

Maybe for longer term, swing trading EAs can work.....but again, difficult to predict!

If you trade manually you should have a system.
If you have a system then EA can trade the system faster and precisely than you.
If you do not have a system than you don't trade but gamble.

If you have a system but you cannot create EAs then you have to trade manually)))

If you cannot create EA then you ask someone who can:)

Start creating your system manually and then try semi-automatic, get away of the EA´s full autom... i ´have not seen in my experience a EA fully succesfull in the long term...

“If you cannot create EA then you ask someone who can:) “

If only it were that easy. I got to see that situation from both sides. It can be very difficult to get the programmer to understand what you want the system to do and most people are extremely poor at articulating just what their brains are thinking. So it can take several tries to get it right but who pays for those extra man hours?

My friend wrote programs for the government on the state level and I was doing some new type of optimized investing, we teamed up and almost ruined our friendship. We found out first hand how difficult communications can be between two people trying to make EAs.

My advice is to either buy one already made and working or learn to program, that is what I did, it wasn't all that difficult but it is time consuming. If you are into research and learning new ways to do things, learn to program, if you just want to make some money, do yourself a favor and buy a program already doing what you want it to do.

Manual trading like manual labor is a time consuming and labor intensive way to do something that a machine could do better. Manual anything cost you your freedom and time, you may not see the cost that you pay but its there. It seems to me the price of an EA or learning to program one would be a lot less than the price paid for manual (Fill in the blank). Automation is freedom in a box.

Bob

ForexAssistant posted:
“If you cannot create EA then you ask someone who can:) “

If only it were that easy. I got to see that situation from both sides. It can be very difficult to get the programmer to understand what you want the system to do and most people are extremely poor at articulating just what their brains are thinking. So it can take several tries to get it right but who pays for those extra man hours?

My friend wrote programs for the government on the state level and I was doing some new type of optimized investing, we teamed up and almost ruined our friendship. We found out first hand how difficult communications can be between two people trying to make EAs.

My advice is to either buy one already made and working or learn to program, that is what I did, it wasn't all that difficult but it is time consuming. If you are into research and learning new ways to do things, learn to program, if you just want to make some money, do yourself a favor and buy a program already doing what you want it to do.

Manual trading like manual labor is a time consuming and labor intensive way to do something that a machine could do better. Manual anything cost you your freedom and time, you may not see the cost that you pay but its there. It seems to me the price of an EA or learning to program one would be a lot less than the price paid for manual (Fill in the blank). Automation is freedom in a box.

Bob

You can always draw a diagram when to enter the trade and when to exit it.
Good programmer can help you to specify what you need

Anyway, do what you want but be efficiant before all :

I think If you want to trade manually - do it. If you can create EA that will follow your trading system - create it and go to sleep - let EA trade. You just have to do not forget about SL levels.

I have yet to see an EA work under all conditions :-)

If I have to keep monitoring the EA at all times during sudden events, its a lot easier to do that with manual trades.

Most of the EAs work during certain phases, yes it automates but it causes losses too! 😄

ForexAssistant posted:
“If you cannot create EA then you ask someone who can:) “

If only it were that easy. I got to see that situation from both sides. It can be very difficult to get the programmer to understand what you want the system to do and most people are extremely poor at articulating just what their brains are thinking. So it can take several tries to get it right but who pays for those extra man hours?

My friend wrote programs for the government on the state level and I was doing some new type of optimized investing, we teamed up and almost ruined our friendship. We found out first hand how difficult communications can be between two people trying to make EAs.

My advice is to either buy one already made and working or learn to program, that is what I did, it wasn't all that difficult but it is time consuming. If you are into research and learning new ways to do things, learn to program, if you just want to make some money, do yourself a favor and buy a program already doing what you want it to do.

Manual trading like manual labor is a time consuming and labor intensive way to do something that a machine could do better. Manual anything cost you your freedom and time, you may not see the cost that you pay but its there. It seems to me the price of an EA or learning to program one would be a lot less than the price paid for manual (Fill in the blank). Automation is freedom in a box.

Bob

Bob, I agree on your comments if you see Forex as a way to make some extra money, but if you see Forex as a way of living and with the goal of creating wealth in the long term , then i think Forex has to be seen as a full time job

Furax posted:
Anyway, do what you want but be efficiant before all :

yes be efficient
thus do not waste your time with 90% backtesting:)

expert2trade posted:
I have yet to see an EA work under all conditions :-)

If I have to keep monitoring the EA at all times during sudden events, its a lot easier to do that with manual trades.

Most of the EAs work during certain phases, yes it automates but it causes losses too! 😄

On contrary have you seen a human working under all conditions?

Furax posted:
Anyway, do what you want but be efficiant before all :

Nice Results Furax, however i would love to see this backtesting become a reality on a real account! 😉

backtest is the most rubbish stuff on Forex.... even with 99% so 90% is just Lol.