Manual trading

Jan 27, 2021 at 12:46
1,156 Views
19 Replies
Member Since Jul 19, 2020   751 posts
Jan 27, 2021 at 12:46
It is better to trade manually. Yes you could use EA for execution trade for any specific price. I mean for pending order. But fully automated is not a good idea. Fear of losing opportunity is one of the destructive fears in trading. It also similar to fear of losing money. Even it's more severe. It's Not a good idea to force yourself in order to make more money.
Member Since Jul 23, 2020   759 posts
Jan 28, 2021 at 11:23 (edited Jan 28, 2021 at 11:23)
forextrader777 posted:
The main thing that a human forex trader has which an automated trader doesn't is a brain. Where an automated trader can only execute decisions based on the scenarios that are programmed into it, a human can understand everything that is going on and process it together.
So, I too believe that manual trading is a better option.
EA trading is also good for trading without emotion. If you can make an EA with profitable trading strategy, it will be easy to trade.
Member Since Dec 01, 2020   20 posts
Feb 04, 2021 at 07:57
Yes, I agree. I am also a fan of manual trading more than automated trading.
Member Since Dec 16, 2020   5 posts
Mar 04, 2021 at 12:20
I think both manual and automated trading are great. There is less chance of encountering your emotions with automated trading but manual allows a person to trade with complete control.
Member Since Jul 23, 2020   869 posts
Mar 05, 2021 at 03:34
I also prefer manual trading. Traders can develop through learning and practice.
Member Since Apr 01, 2020   231 posts
Mar 25, 2021 at 01:47
Manual trading is best because we can control our trade and manually trade Forex.
Member Since Oct 16, 2020   137 posts
Mar 25, 2021 at 10:53
Manual trading is way better. You can not always rely on an EA to produce profits for you.
Member Since Nov 03, 2020   65 posts
Apr 06, 2021 at 09:11
Manual trading has advantages in soybeans because you can easily react to market volatility.
Member Since Jul 27, 2021   20 posts
Sep 24, 2021 at 10:48
This is an eternal argument and it will go on forever. For the reason that there is always a trader who will manually trade better than the best advisor. The human brain is the best tool.
Use what you like, because there is no point in arguing which is better, like an automatic car transmission or a manual one.
Member Since Sep 15, 2021   9 posts
Sep 24, 2021 at 11:24
Do what you prefer. I prefer automated because I can back test a new strategy in minutes but if you prefer manual then go for it. Just accept that it may take longer to test new strategy
Member Since Jul 19, 2020   788 posts
Sep 24, 2021 at 16:53
I also don't understand why manual trading is the best. Why wouldn't it be better to trade differently, I need money-making it can come anyway.
Member Since May 11, 2020   21 posts
Sep 27, 2021 at 20:25
This matter is quite subjective. I personally think that it is better to automate trading as mch as it is possible. I feel that the computers are much better in making decisions because they are unbised and precise along with the fact that they are faster. However, it is really hard to create such a system which will be absolutely independable from a human being. THere are lots of trading bots which are available nowadays, but they are effective only in certain situations, like some of the robots are good when the trends are strong and absolutely useless and harmful during flat market and vica versa. So, a human should still controll these robots in order to make their trading results better.
Member Since Jul 27, 2021   20 posts
Sep 28, 2021 at 11:05
Yes, perhaps you are right and a lot of things that are related to the trading routine... let's say, it would be easier to automate these processes. I have been trying to automate my trading system and achieve a stable result for a long time. And sometimes I go back to manual trading to dive into the market, movement and move on.
Member Since Jul 20, 2020   399 posts
Sep 29, 2021 at 14:50
Lionkingdom posted:
It is necessary to have experience in manual, this is a must. If you have at least 3-4 years of experience, it will be much easier for you to understand the work of robot system. Those who start right away buying a ea without any knowledge will surely lose.

I think so too. Its key for you to understand why a trade is been taken if you dont you will find it hard to succeed with a bot
Member Since Feb 08, 2019   213 posts
Sep 29, 2021 at 19:33
Manual first is a must. then maybe use an EA later to replicate your manual trades
Member Since Jun 16, 2020   57 posts
Sep 30, 2021 at 09:11
I feel traders should put great emphasis on learning more about manual trading rather than relying on automated trading. Manual trading teaches you how to read market movements and patterns, and strategize accordingly.
Member Since Mar 28, 2021   617 posts
Oct 03, 2021 at 08:16
Not just basics knowledge, we need deep understanding of the market. For that we need to develop knowledge and skills.
Member Since Aug 05, 2021   401 posts
Oct 04, 2021 at 00:24
I’ve always been too skeptical to use any EAs. I’m sure there are good ones out there, but I have too much anxiety to just walk away and trust it.
Member Since Apr 09, 2019   538 posts
Oct 05, 2021 at 14:11
I've used EAs and personally it pushed me to learn forex better so I could more effectively trade manually. I much prefer the latter now.
If you can't spot the liquidity then you are the liquidity.
Member Since Mar 17, 2021   536 posts
Nov 04, 2021 at 18:12
Lionkingdom posted:
Confidence also comes after you learn more about the market. Understanding the market will also affect how you use the EA.
The robot will only do what you program into it. That is, his work depends only on you. I have not yet met a EAs that would open trades using a random sequence.
Yes. Proper confidence in your trading can make you rich
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