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Manual trading or EA??
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Biedrs kopš Jul 08, 2012 1 ieraksti
Jeremy Hunter (tradingmarket)
Jul 08 2012 at 20:26
I vote for an EA! It won't take your time and you'll make money. Manual trading is very hard because you can face all sort of psychological problems. People are emotional but trading should be emotionless. It takes time to learn to trade that way and benefit won't be much bigger than using an EA.
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Biedrs kopš Nov 23, 2011 10 ieraksti
amag80
Jul 08 2012 at 23:56
Anyone interested in purchausing a trending and scalping robot for $120.00 or nearest offer. Trade a total of 6 pairs with minimum drawdown.
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Biedrs kopš Jul 03, 2012 186 ieraksti
TheLastBear
Jul 09 2012 at 10:35
tradingmarket posted: I vote for an EA! It won't take your time and you'll make money. Manual trading is very hard because you can face all sort of psychological problems. People are emotional but trading should be emotionless. It takes time to learn to trade that way and benefit won't be much bigger than using an EA. I agree with your statement about trading and that it should be emotionless. I have to disagree with the other part of your response that the benefit will not be much greater learning how to trade and using an EA. In the end, all that matters is that you are satisfied with your results. Pax puts the X in Forex. |
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Biedrs kopš May 21, 2012 33 ieraksti
dlathrop
Jul 09 2012 at 13:47
tradingmarket posted: I vote for an EA! It won't take your time and you'll make money. Manual trading is very hard because you can face all sort of psychological problems. People are emotional but trading should be emotionless. It takes time to learn to trade that way and benefit won't be much bigger than using an EA. Show me an EA that has good intuition and can predict changes in sentiment derived from changes in bond yields, CDS spreads, and political statements. There are risk-lovers and there are risk-haters, but the best traders will take the risk as long as they get paid for it. |
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Biedrs kopš May 21, 2012 33 ieraksti
dlathrop
Jul 09 2012 at 13:49
Granted, EA's have their place and can be profitable. Don't misunderstand me, I'm not knocking them. I'm just saying EAs have inherent limitations and that manual trading has a greater potential for profits (and also losses).
There are risk-lovers and there are risk-haters, but the best traders will take the risk as long as they get paid for it. |
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Biedrs kopš Jul 03, 2012 186 ieraksti
TheLastBear
Jul 10 2012 at 09:58
I agree that manual trading has greater potential both way and in the end each trader decides what they are willing to accept. Personally I only engage into manual trading.
Pax puts the X in Forex. |
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Biedrs kopš May 10, 2012 71 ieraksti
LK Wong (lkwong)
Jul 10 2012 at 11:23
dlathrop posted: Show me an EA that has good intuition and can predict changes in sentiment derived from changes in bond yields, CDS spreads, and political statements. Show me a money manager that can do that .... :0) But with that being said, I also only trade manually, but my system doesn't try to predict the market. We just follow it. -LK The YELLOW line should always be above the RED line. It means you've cut your losses, and let your winners run. |
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Biedrs kopš May 21, 2012 33 ieraksti
dlathrop
Jul 10 2012 at 16:36
lkwong posted: dlathrop posted: Show me an EA that has good intuition and can predict changes in sentiment derived from changes in bond yields, CDS spreads, and political statements. Show me a money manager that can do that .... :0) But with that being said, I also only trade manually, but my system doesn't try to predict the market. We just follow it. -LK Any normal trader can do that... Whether their predictions are correct more often than not is a separate issue. The point is that EAs can't make trades based on changes in market psychology - humans can. There are risk-lovers and there are risk-haters, but the best traders will take the risk as long as they get paid for it. |
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Biedrs kopš Jan 14, 2010 555 ieraksti
James_Bond
Jul 11 2012 at 09:56
(labots Jul 11 2012 at 09:56 )
A non discretionary trading system with explicit entry and exit rules would be best traded automatically as that would provide trading results exactly according to the trading system whereas manual trading can affect it (time on screen limit, human errors, emotional factor).
However, if the trading system is discretionary, or if it is adapted to the market mode (which is again decided by the trader), then obviously it would be best to trade it manually. In any case, there is no 'better' way to trade as each trader has its own trading system and performance. I would even suggest having both type of trading systems for the sake of diversification, in case on fails, the other one will help to recoup losses and readjust the failing system. |
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Biedrs kopš Apr 16, 2012 23 ieraksti
Benjamin Nathan (BenNathan)
Jul 11 2012 at 11:28
I think manual is better having done both - with manual, if you can shut off the emotion, you can discern the market in ways an EA cant therefore not taking unsuitable trades just because they are part of a strategy regardless of the trend as EAs do.
LOW RISK + HIGH PROBABILITY = REWARD |
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