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Robotic Trading VS Manual Trading
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topcrossfx

Member Since Feb 16, 2016  2 posts topcrossfx Oct 28 2016 at 08:38
As of now, I do all my trades manually but good EA accompanied with good understanding of the market can be profitable too smiley

Janeo

Member Since Sep 14, 2016  18 posts Janeo Oct 28 2016 at 16:54
Robotic and manual trading both has their own significance. Robotic trading is always disciplined and without any emotions. A robot is never tired and he can look into bunch of currencies at single point of time but where a robot lacks is he can't react based on change in fundamentals unexpectedly. Moreover a robot doesn't have brain. Input provided by you would be the only way of its functioning. So put your brain to form a robot, to get benefit of speedy execution.


FxMasterGuru

Member Since May 04, 2012  1565 posts FxMasterGuru (FxMasterGuru) Oct 29 2016 at 00:57 (edited Oct 29 2016 at 00:59 )
Janeo posted:
Robotic and manual trading both has their own significance. Robotic trading is always disciplined and without any emotions. A robot is never tired and he can look into bunch of currencies at single point of time but where a robot lacks is he can't react based on change in fundamentals unexpectedly. Moreover a robot doesn't have brain. Input provided by you would be the only way of its functioning. So put your brain to form a robot, to get benefit of speedy execution.



Fully agree with the above. Toxic emotions (greed and fear) and lack of discipline usually destroy even the best manual traders. So the 'only' problem with robots is not being able to react to unexpected change in fundamentals.

Hmmm... In this case how about letting the robot trade only the most quiet 3 hours: the pre-Tokyo hours, when the statistical chance of unexpected changes in fundamentals is close to zero...? Curious? Then check out the results of 3 live accounts in my profile...

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
CarlosMZ

Member Since Apr 07, 2015  36 posts Carlos (CarlosMZ) Nov 01 2016 at 07:32
Janeo posted:
Robotic and manual trading both has their own significance. Robotic trading is always disciplined and without any emotions. A robot is never tired and he can look into bunch of currencies at single point of time but where a robot lacks is he can't react based on change in fundamentals unexpectedly. Moreover a robot doesn't have brain. Input provided by you would be the only way of its functioning. So put your brain to form a robot, to get benefit of speedy execution.



Also agree! Both are important and I personally like to get my hands dirty and repair my car when something breaks. Same with the trading - there are moment when you need to step in and do the thing. Also the monitoring and diagnostics are important human capabilities. smiley

FxMasterGuru

Member Since May 04, 2012  1565 posts FxMasterGuru (FxMasterGuru) Nov 02 2016 at 02:52 (edited Nov 02 2016 at 02:56 )
You are right Carlos, if one has the ability to remain cool in the decisive moments and make the right choices:

1. Hold...?
2. Liquidate...?
3. Add...?
4. And when to do that...?

Even after reading numerous trading psychology books, I had to come to the conclusion that when I see 3-digit profits and losses vibrating on my platform, I just cannot make the right deicision. (Although I am OK handling two-digit vibrations on the P&L, but I would not make a living from such conservative trades.)

So I have become a 'Robo Trader' as reflected by my Avatar picture on the left. Since then trading has become much less stressful and I sleep better.

Also, it is a great feeling making profits while sleeping... smiley

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
GFernandez78

Member Since Oct 08, 2015  35 posts Gabriel (GFernandez78) Nov 02 2016 at 07:38
CarlosMZ posted:
Janeo posted:
Robotic and manual trading both has their own significance. Robotic trading is always disciplined and without any emotions. A robot is never tired and he can look into bunch of currencies at single point of time but where a robot lacks is he can't react based on change in fundamentals unexpectedly. Moreover a robot doesn't have brain. Input provided by you would be the only way of its functioning. So put your brain to form a robot, to get benefit of speedy execution.



Also agree! Both are important and I personally like to get my hands dirty and repair my car when something breaks. Same with the trading - there are moment when you need to step in and do the thing. Also the monitoring and diagnostics are important human capabilities. smiley


I hope you don't get into the dirt quite often wink

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

Member Since Sep 21, 2015  32 posts garjus Nov 03 2016 at 06:25
georgepalaganas posted:
What's the ideal trading system, 100% Robotic or Manual?

A hybrid approach works well for me. I hedge correlated currency pairs so I let an EA do the number crunching and order management, whilst I focus on best correlated pairs to trade and enter this info manually.

ottoM
GFernandez78

Member Since Oct 08, 2015  35 posts Gabriel (GFernandez78) Nov 04 2016 at 09:04
garjus posted:
georgepalaganas posted:
What's the ideal trading system, 100% Robotic or Manual?

A hybrid approach works well for me. I hedge correlated currency pairs so I let an EA do the number crunching and order management, whilst I focus on best correlated pairs to trade and enter this info manually.


Do you use specific indicators for analysing the correlations between the markets? You do this fully manual or also program some rules in the EA?

Trading is like football - if you don't practice you can't win the game!
GFernandez78

Member Since Oct 08, 2015  35 posts Gabriel (GFernandez78) Nov 04 2016 at 09:04
topcrossfx posted:
As of now, I do all my trades manually but good EA accompanied with good understanding of the market can be profitable too smiley


Do you plan to program your own EA in the future to support your manual trading?

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

Member Since Sep 21, 2015  32 posts garjus Nov 04 2016 at 20:57
GFernandez78 posted:
garjus posted:
georgepalaganas posted:
What's the ideal trading system, 100% Robotic or Manual?

A hybrid approach works well for me. I hedge correlated currency pairs so I let an EA do the number crunching and order management, whilst I focus on best correlated pairs to trade and enter this info manually.


Do you use specific indicators for analysing the correlations between the markets? You do this fully manual or also program some rules in the EA?

I have an indicator that calculates correlation coefficients in real-time, with the results displayed on the chart. I prefer to select from the list and enter details to the EA manually, as this helps me screen-out duplicates, etc.
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ottoM
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