Manual VS Automatic trading

Sep 30, 2022 at 11:43
821 Views
11 Replies
Member Since Sep 13, 2022   7 posts
Sep 30, 2022 at 11:43
Hi there,

I have been trading manually for 4/5 years and I started trading robots 2 years ago. In manual I have been profitable for 2 years but I still often go through a few moments of intense stress.

I like manual trading a lot but I ask myself the following question: how can I continue to stay motivated by manual trading when automatic trading works better and better?

There are times my motivation takes a hit and I wonder if it's worth continuing to trade manually since the robots work quite well.

Thank you in advance for your feedback.
Member Since Aug 20, 2022   2 posts
Oct 01, 2022 at 06:41
Do you prefer automatic over manual?
Member Since Sep 13, 2022   7 posts
Oct 01, 2022 at 07:39
I prefer manual but sometimes, when I see what I can win with my trading bots, I'm asking myself if it's worth continuing to have some stress moments occasionally :-)
Member Since Apr 09, 2019   538 posts
Oct 03, 2022 at 09:38
Tried both and prefer manual trading myself as I feel I have more control than by using bots.
If you can't spot the liquidity then you are the liquidity.
Member Since Mar 31, 2021   229 posts
Oct 12, 2022 at 11:12
I prefer to combine these two methods. Then it works more efficient. But even if now you prefer trading with a robot, keep an eye out anyway. Different things happen.
Think thrice before opening an order
Member Since Aug 05, 2021   401 posts
Dec 09, 2022 at 18:12
I can see the dilemma there and it's good that you've had positive results with automatic trading, but I've always preferred manual.
Member Since Mar 31, 2021   229 posts
Dec 13, 2022 at 16:58
HeavLeighGill26 posted:
I can see the dilemma there and it's good that you've had positive results with automatic trading, but I've always preferred manual.

Why do not you want to try trading with EA? What is your fear?
Think thrice before opening an order
Member Since May 13, 2022   22 posts
Dec 14, 2022 at 09:24
I can totally understand! But I won’t really recommend buying readymade EAs in any case. You can actually automate your trading without any changes in your strategy. Like what I do is download some ready to use scripts that work well with my trading strategies onto fxview mt4 platform, this allows me to get the benefits of automated trading without deviating from my original strategy. That’s a good solution if you ask me.
Member Since Dec 01, 2022   15 posts
Dec 16, 2022 at 14:10
Manual trading in my opinion is best for me. Robots are cool but its feels better and builds more confidence when its done by self.
Five Hundred A Day, Will Take The Pain Away,
Member Since Mar 17, 2022   47 posts
Dec 22, 2022 at 05:56
In my own experience manual trading is best. And when the trader learns coding to develop their own bot, its even better!
Member Since Nov 29, 2022   40 posts
Jan 02, 2023 at 09:28
Both manual and automated trading have their own advantages and disadvantages. Manual trading allows a trader to have more control and flexibility over their trades, as they can make decisions based on their own analysis and judgement. However, it also requires more time and effort to execute trades and can be emotionally challenging. Automated trading, on the other hand, allows a trader to set up rules and parameters for trade execution, which can be helpful for those who don't have the time or inclination to constantly monitor the market.
forex_trader_3222414
Member Since Mar 20, 2023   1 posts
Mar 23, 2023 at 15:50
Make your own trading bot
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.