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Robotic Trading VS Manual Trading
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CarlosMZ

Member Since Apr 07, 2015  36 posts Carlos (CarlosMZ) Nov 11 2016 at 08:51
GFernandez78 posted:
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


hahah, well, it depends how often! lol

CarlosMZ

Member Since Apr 07, 2015  36 posts Carlos (CarlosMZ) Nov 11 2016 at 08:51
fabritzio posted:
georgepalaganas posted:
What's the ideal trading system, 100% Robotic or Manual?


I think that depends on the strategy.Both have pro and cons.neutral


the pros and cons were presented very good in this discussion.

VickyJones

Member Since Mar 31, 2015  45 posts VickyJones Nov 15 2016 at 16:03
I suppose robotic trading requires strong programming skills and could be suitable only for some traders.

janettte

Member Since Dec 17, 2015  30 posts janettte Nov 21 2016 at 15:59
VickyJones posted:
I suppose robotic trading requires strong programming skills and could be suitable only for some traders.


I don't know much about programming EAs and prefer manual trading as it keeps me in control.

BluePanther

Member Since Jan 25, 2010  768 posts Matt (BluePanther) Nov 21 2016 at 19:06 (edited Nov 21 2016 at 19:14 )
georgepalaganas posted:
What's the ideal trading system, 100% Robotic or Manual?


100% automatic for me. I try and fail when it comes to manual trading. Robots have consistency - either consistently winning or consistently losing, but more consistency than me! tongue

Manual trading gets me stressed. I hate making the decisions. I need to spend my time enjoying the money, rather than watching the markets and managing positions.

The question is: can you achieve consistent returns manually? A robot can. Robots beat humans in speed and accuracy.

Attachments:

What separates those who go under and those who rise above adversity is the strength of their will and their hunger for power. - 50 Cent
FxMasterGuru

Member Since May 04, 2012  1565 posts FxMasterGuru (FxMasterGuru) Nov 22 2016 at 07:23
@BluePanther

I agree with you about robots beating humans in consistency and making unemotional decisions. There is nothing better than beating the markets while sleeping... lol

You are showing a nice gain for one day on the enclosed screenshot, but would you mind pasting the link of the real account you referred to as 'I need to spend my time enjoying the money, rather than watching the markets and managing positions.'...?

You know, the one from which you regularly withdraw the money to enjoy.

It would be great to see the consistent profits and those nice chunks of regular withdrawals.

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
mitchel14

Member Since Jun 03, 2014  58 posts mitchel14 Nov 22 2016 at 07:31
I think both can be profitable.
Require effort, dedication, strategy.

FxMasterGuru

Member Since May 04, 2012  1565 posts FxMasterGuru (FxMasterGuru) Nov 22 2016 at 09:32
If you had your nerves made of titanium enforced steel... Yes, manual trading could be better than EAs as the subconscious might 'notice' some subtle signs of impending changes which a 'robot' cannot sense. Of course, after spending the mandatory 10,000 hours screen time to 'teach' the subconscious... (Malcolm Gladwell's bestseller: ''The Outliers'')

But the real question is: Who has those titanium nerves when 4-5 digit profits and losses are flickering on the screen...?

(Hint: It is not the same with demo, cent accounts and not even with 2-3 digits flickerings on a real account... If you ever get there you shall know and remember...)

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

Member Since Jan 25, 2010  768 posts Matt (BluePanther) Nov 22 2016 at 09:41 (edited Nov 22 2016 at 09:49 )
FxMasterGuru posted:
@BluePanther

I agree with you about robots beating humans in consistency and making unemotional decisions. There is nothing better than beating the markets while sleeping... lol

You are showing a nice gain for one day on the enclosed screenshot, but would you mind pasting the link of the real account you referred to as 'I need to spend my time enjoying the money, rather than watching the markets and managing positions.'...?

You know, the one from which you regularly withdraw the money to enjoy.

It would be great to see the consistent profits and those nice chunks of regular withdrawals.


Let's be honest: that's my ULTIMATE GOAL. I have not achieved this goal ...yet. Therefore it would be pointless sharing my personal account right now.

However, I can share an account which is not mine to prove my point. This is not my account, ergo I do not have full disclosure privileges.

It is not a question of 'if' a holy grail can be created, it is only a question of 'when'. In a similar concept of the 'hundredth-monkey effect', there exists a 'hundredth-EA effect'. Financial freedom has been achieved. Find a successful person and do what they do.

In time I can vouch for that. Of course, feel free to believe what you want.

'Where there's a will, there's a way.'
Attachments:
account.xls

What separates those who go under and those who rise above adversity is the strength of their will and their hunger for power. - 50 Cent
holdend

Member Since Mar 14, 2016  41 posts Duncan (holdend) Nov 22 2016 at 11:18
@BluePanther You mentioned that you hate making decisions but I would add that creating the EA with all its settings is critical decision making process. In fact, it could be even more stressful to always monitor it and adjust it to match the ever changing market conditions. So I would not say that robotic trading will relieve you from the stress but it is true that it reduces the time spent in front of charts. I think also that there is no EA that can be profitable in long term without any single update.
There were opinions about hybrid systems that seem logic to me smiley

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