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Are you an expert when you win, a beginner if you lose?
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JamDay

Member Since Jun 19, 2019  7 posts JamDay Jun 20 at 05:58
MbFriday posted:
Trading by using traditional trading systems based on rules or technical indicators and implemented, as single decision trees are increasingly ineffective. If investment is a process, then automation is the logical conclusion.
I build Algorithms that are Not base on traditional technical analysis, interpretation or prediction elements or based on signals relying on historical data.


And do your algos work? I see your account has only been running a few months and has had a drawdown of 50% . That is rather risky don't you think?

Adribaasmet

Member Since Aug 27, 2017  739 posts Adribaasmet Jun 29 at 05:54
JamDay posted:
MbFriday posted:
Trading by using traditional trading systems based on rules or technical indicators and implemented, as single decision trees are increasingly ineffective. If investment is a process, then automation is the logical conclusion.
I build Algorithms that are Not base on traditional technical analysis, interpretation or prediction elements or based on signals relying on historical data.


And do your algos work? I see your account has only been running a few months and has had a drawdown of 50% . That is rather risky don't you think?


No doubt it’s risky and as I see; he’s not interested to reply! Since, it’s a long time but no response!

Aaronpp

Member Since Aug 05, 2019  7 posts Aaronpp Aug 06 at 17:06
Bueno, es interesante la forma en que lo dices y sin embargo existen muchos principiantes que al invertir tienen suerte y consiguen ganancias pero al hablar de la percepción, si nos sentimos de esa forma los más expertos porque al tener una pérdida y sobre todo de gran proporción nos vemos a nosotros mismo como unos principiantes y no entendemos por qué con todos los conocimientos que poseemos tengamos alguna pérdida.

steve_25

Member Since Aug 03, 2019  22 posts steve_25 Aug 13 at 06:44
According to me making profit is not the only criteria to call one an expert . To be actually honest , i don’t think there is anything like an expert in forex trading due to the highly volatile nature and uncertainty of the forex markets. However , one can always try his best to reduce the chances of mistakes he commits while trading. For me missing out an opportunity of making larger profits is equivalent to a loss , even though i made some profit. So , it depends on trader to trader , his ability to take advantage of a situation and close good deals.

Q_FxTrader

Member Since Oct 08, 2018  142 posts Q_FxTrader Aug 13 at 06:53 (edited Aug 13 at 07:00 )
Whether it is forex or any other business, success or money or profits only matters now a days. Irrespective of how much experience you have and how much knowledge you have in forex or any other business if you are not successful and if you don't make consistent profit, then it doesn't matter much.

Now a days in the era of computers and technologies, 100% automated algos will automatically take over all such knowledge and years of experience in a matter of days and forex trading field will be the first area to dominate.

So only if you are successful and make consistent profit in forex whether it automated or manual or semi-automated and that's all what matter.

togr

Member Since Feb 22, 2011  4518 posts vontogr (togr) Aug 13 at 11:10
Q_FxTrader posted:
Whether it is forex or any other business, success or money or profits only matters now a days. Irrespective of how much experience you have and how much knowledge you have in forex or any other business if you are not successful and if you don't make consistent profit, then it doesn't matter much.

Now a days in the era of computers and technologies, 100% automated algos will automatically take over all such knowledge and years of experience in a matter of days and forex trading field will be the first area to dominate.

So only if you are successful and make consistent profit in forex whether it automated or manual or semi-automated and that's all what matter.


Well with wel defined trading plan, trades can be executed better by EA and human.
Without well defined trading plan you should not trade at all ;)

I like what I trade, I trade what I like
togr

Member Since Feb 22, 2011  4518 posts vontogr (togr) Aug 13 at 11:10
by EA than human.

I like what I trade, I trade what I like
Q_FxTrader

Member Since Oct 08, 2018  142 posts Q_FxTrader Aug 13 at 12:17
togr posted:
Q_FxTrader posted:
Whether it is forex or any other business, success or money or profits only matters now a days. Irrespective of how much experience you have and how much knowledge you have in forex or any other business if you are not successful and if you don't make consistent profit, then it doesn't matter much.

Now a days in the era of computers and technologies, 100% automated algos will automatically take over all such knowledge and years of experience in a matter of days and forex trading field will be the first area to dominate.

So only if you are successful and make consistent profit in forex whether it automated or manual or semi-automated and that's all what matter.


Well with wel defined trading plan, trades can be executed better by EA and human.
Without well defined trading plan you should not trade at all ;)

In fact, that is correct. Automated EAs and other platform based auto algos will lead the forex market faster than expected.

I hardly doubt even any manual traders will even exist in the forex market at all after few years.

AmDiab

Member Since Apr 18, 2017  590 posts AmDiab Aug 29 at 16:16
Hello Q; you are wrong; I am sure number of good traders are doing manual trading; since it’s a decentralized market!

Baazex

Member Since Oct 24, 2019  45 posts Baazex Nov 24 at 13:18
Successful number of trades does matter and indicate how much you have learned and experienced already in the forex trading field continious successful trading attempts or constant loosing money both matters and indicates how pro you are and of course successful trades means you are earning and constant loosing simply leads to money loss only .

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