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Robotic Trading VS Manual Trading
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mt3mt

Member Since Jun 30, 2015  1 posts mt3mt Jun 30 2015 at 06:46
Automation is useful for:
* eliminating tedious and mundane tasks
* minimizing human errors

GFernandez78

Member Since Oct 08, 2015  35 posts Gabriel (GFernandez78) Aug 15 2016 at 10:00
For every trader it is a different scenario. Depending on your free time and many other factors, you should choose what suits you the best. You can even use a hybrid trading, which means Manual trading with the help of different tools to easy your trading.

Trading is like football - if you don't practice you can't win the game!
TiffanyK

Member Since Feb 12, 2016  306 posts Tiffany (TiffanyK) Aug 21 2016 at 06:22
If you develop your trading strategy well and test is manually, the best way will be to create your own robotic system which opens, executes and closes the orders. We all know that the EA will have an accurate time and will place the orders faster than manually.

100% robotic system will work well if tested manually before trading with live account. However there can’t be an ideal trading system because sometimes you will need to use functions like TP, SL , partial close, modifying orders, etc… which you have to set manually

Accept the loss as experience
mlawson71

Member Since Dec 11, 2015  1324 posts mlawson71 Aug 21 2016 at 09:32
mt3mt posted:
Automation is useful for:
* eliminating tedious and mundane tasks
* minimizing human errors


It might eliminate human error, but it also ignores human psychology in trading. One can't ever leave a robot unattended.

BaldoN

Member Since Feb 12, 2016  429 posts Baldo (BaldoN) Oct 03 2016 at 11:52
Have you thought of a hybrid system. Using an automated system to make a small consistent profit. Most of the automated systems require big balances. In another account you can manually trade if you know how to but never combine both in the same account. Another thing you can do is use Money management Experts for setting the TPs SLs Trailing Stops and Breakeven points automatically while you trade manually. This approach is great for scalping. Just my 2 cents.

Edward16

Member Since Oct 07, 2016  10 posts Edward16 Oct 24 2016 at 09:14
It depends upon the trading style and strategy.
There are four types of automated trading: EA’s strategy, social trading, robotic management, Algo trading.

For a newbie trader it is better to opt for automated trading because it helps to reduce trading stress and save your time. However, experienced traders can also go for manual trading as they have a lot of knowledge about market conditions and how it works.

I would prefer to do auto trading as trading as a full time job is not my cup of tea and that is why auto trading works best for me.

togr

Member Since Feb 22, 2011  3398 posts vontogr (togr) Oct 24 2016 at 10:21
TiffanyK posted:
If you develop your trading strategy well and test is manually, the best way will be to create your own robotic system which opens, executes and closes the orders. We all know that the EA will have an accurate time and will place the orders faster than manually.

100% robotic system will work well if tested manually before trading with live account. However there can’t be an ideal trading system because sometimes you will need to use functions like TP, SL , partial close, modifying orders, etc… which you have to set manually


Exactly.

If you trade you should have a trading plan.
Such trading plan can be easily programmed as EA.
EA will execute it precisely, without emotions, 24/5, etc...
And it can be backtested .

You cant do so with manual trading.

I like what I trade, I trade what I like
DIKIHENDARYANTO

Member Since Sep 15, 2014  255 posts Doe Chun FX (DIKIHENDARYANTO) Oct 25 2016 at 07:11
Long live EA !

TRADING MERUGI....DUKUN BERAKSI
olivia_jones

Member Since Sep 15, 2016  20 posts olivia_jones Oct 26 2016 at 07:16
I believe Traders should not stick solely to robotic or manual trading and can chose hybrid platforms as well. You can use EA’s and modern technology to enhance your profits in Forex trading but if the situation demands for thinking and emotions, ,manual trading can be fruitful.

GFernandez78

Member Since Oct 08, 2015  35 posts Gabriel (GFernandez78) Oct 27 2016 at 06:17
Edward16 posted:
It depends upon the trading style and strategy.
There are four types of automated trading: EA’s strategy, social trading, robotic management, Algo trading.

For a newbie trader it is better to opt for automated trading because it helps to reduce trading stress and save your time. However, experienced traders can also go for manual trading as they have a lot of knowledge about market conditions and how it works.

I would prefer to do auto trading as trading as a full time job is not my cup of tea and that is why auto trading works best for me.


By social trading you mean copy trading, right? I agree with your point.

Trading is like football - if you don't practice you can't win the game!
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