Manual Trading and Automated which One Do You Think Is More Profitable?
Member Since Jan 14, 2010
2299 posts
May 06, 2011 at 00:16
There is no Jesse Livermore among black boxes.
May 07, 2011 at 10:10
Mix...definately mix..
I used both to make my monthly target, however i do feel that manual trading is more profitable. However, the automated trades are also helping to pull in some consistent small profits and trading volume..
Anyway, most automated trading are based on manual trading concept and theory too, we can use both, the p/l matter most, it doesnt reallly important whether it's manual or auto right ?
Let's use both, we get both advantage from the both world.
cheers
I used both to make my monthly target, however i do feel that manual trading is more profitable. However, the automated trades are also helping to pull in some consistent small profits and trading volume..
Anyway, most automated trading are based on manual trading concept and theory too, we can use both, the p/l matter most, it doesnt reallly important whether it's manual or auto right ?
Let's use both, we get both advantage from the both world.
cheers
T1FX, Making Money Is Automatic
May 09, 2011 at 15:50
Mixed also for me.
Manual trading with the EA's ability to track support levels and exit quickly when support levels are broken, all leads to good consistent profits.
The bot can help you on statistical analisys and improve your trading, but each situation should be evaluated by humans and, if possible, always keeping on mind the fundamentals.
Indeed, a lot of EA (honest) developers wrote on their webpage:
'expert advisor will help you to make quick and accurate decisions by analyzing market data'
or
'help you to increase the opportunities to make higher profit in trading...'
In any case I believe that every bot should be supervised. I never leave a bot alone on an account with an equity above $1k.
Anything can happen... Even connection may drop.
Manual trading with the EA's ability to track support levels and exit quickly when support levels are broken, all leads to good consistent profits.
The bot can help you on statistical analisys and improve your trading, but each situation should be evaluated by humans and, if possible, always keeping on mind the fundamentals.
Indeed, a lot of EA (honest) developers wrote on their webpage:
'expert advisor will help you to make quick and accurate decisions by analyzing market data'
or
'help you to increase the opportunities to make higher profit in trading...'
In any case I believe that every bot should be supervised. I never leave a bot alone on an account with an equity above $1k.
Anything can happen... Even connection may drop.
"Without discipline, there’s no life at all."
Member Since Dec 10, 2009
25 posts
forex_trader_17162
Member Since Aug 23, 2010
34 posts
May 12, 2011 at 16:24
Manual trade always make money for me...why should i try automated...
forex_trader_17162
Member Since Aug 23, 2010
34 posts
May 12, 2011 at 16:32
Manual trade always make money for me, why should i try automated ???
Member Since May 14, 2011
10 posts
May 15, 2011 at 22:50
Manual is best
Jun 13, 2011 at 18:16
Whichever way that you think would work best for you. Some prefer to have it fully automated so that they can focus on other more important matters of their life, some like it as a semi-automated strategy just to check and see how it performs from time to time and some just prefer the good old manual way to get things done.
http://www.freeforexrebates .info
Member Since Jan 14, 2010
2299 posts
Jun 13, 2011 at 22:00
(edited Jun 13, 2011 at 22:01)
LOL, it is funny. what's more important than to earn for a good living to support ones family and provide good lifestyle?
I think spending few hours a day making money from tradig manually worth it.
I think spending few hours a day making money from tradig manually worth it.
forex_trader_43716
Member Since Aug 06, 2011
345 posts
Aug 07, 2011 at 05:23
Although I have no problem with aircraft fitted with autopilot, I do like to know there is a human pilot upfront 'just in case' autopilot should fail.
I have experienced far greater success with manual trading, but I do use an EA I wrote to provide money management functions. I enter the market manually with my EA calculating stop-loss at 2% of account funds, number of lots I can trade whilst remaining within 2% of stop-loss if triggered, and the entry stop-loss placement. Once the trade is underway, my EA calculates and places trailing stops until triggered. Once my trailing stop reaches breakeven the trade becomes risk free, and from this point forward it begins to lock-in accrued profits.
Manual trading works. Automated trading will, eventually, blow your account!
I have experienced far greater success with manual trading, but I do use an EA I wrote to provide money management functions. I enter the market manually with my EA calculating stop-loss at 2% of account funds, number of lots I can trade whilst remaining within 2% of stop-loss if triggered, and the entry stop-loss placement. Once the trade is underway, my EA calculates and places trailing stops until triggered. Once my trailing stop reaches breakeven the trade becomes risk free, and from this point forward it begins to lock-in accrued profits.
Manual trading works. Automated trading will, eventually, blow your account!
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