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Manual Trading and Automated which One Do You Think Is More Profitable?

Chikot
Jun 13 2011 at 22:00
2299 posts
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.


Gary Sharp myfxpt com
myfxpt
Aug 07 2011 at 05:23
345 posts
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!

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