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Robotic Trading VS Manual Trading

togr (togr)
Feb 08 2017 at 17:13
4862 posts
FxMasterGuru posted:
togr posted:
theHand posted:
This question is so stupid. I have 20 robots on 20 accounts handling 1 000 000 value changes a day per account. And you think manual trading is still relevant ?



@theHand
While I support robotic trading I dont support such bold statements like yours without any proof.
Home / theHand's page
Systems
This user doesn't share any systems currently.


@togr

We all know what the response will be: 'I don't have to prove anything to anybody.'

But actually - according to the 'unwritten rules' of MyFxBook - EVERY STATEMENT SHOULD BE PROVABLE, otherwise it is an empty phrase.

@theHand

@FxMasterGuru
@theHand
well we will see what would be the response
I just wander why there (MFB) are guys without single profitable account. It left feeling like these guys are living with their parents or something just pushing their ego with bold statements.
Even the @CrazyTrader who wiped every single account be it real or demo in his portfolio was brave enough to publish it.
I have like 40 accounts in my profile so when I write something everyone can see I am serious.

edward
benchmarkpro
Feb 09 2017 at 03:26
58 posts
i have been knowing of thehand for several years now and i do believe that he most likely does have forty metatrader systems running on some kind of vps somewhere...

but can you imagine trying to plug 40 mt4 platforms into myfxbook?

please.

that would be a nightmare.

i really hope that he finds his dream system... and he really is a pretty nice guy, but he is(like me) bitten by this 4x gamblers flu and cant shake it...

and even worse is that in real life he is a diver, and we all know what that means.... (he has air bubbles stuck in his head)

poor man.

while i, on the other hand, am very normal, and have never done any diving at all...

and i seem to be living this delusion that i am working towards cornering the market...

right at this very moment, i will tell you the best trades on the table, and you may look at them if you like...

long eurjpy (i am not playing this one) and the gbpcad short(image included)

and for the record, i could not do what it is that i do... without automation... it would be pretty much impossible to make the massive calculations that my code makes, and my little computer does it all in a nanoflop..

thank you.




togr (togr)
Feb 09 2017 at 07:20
4862 posts
benchmarkpro posted:
i have been knowing of thehand for several years now and i do believe that he most likely does have forty metatrader systems running on some kind of vps somewhere...

but can you imagine trying to plug 40 mt4 platforms into myfxbook?

please.

that would be a nightmare.

i really hope that he finds his dream system... and he really is a pretty nice guy, but he is(like me) bitten by this 4x gamblers flu and cant shake it...

and even worse is that in real life he is a diver, and we all know what that means.... (he has air bubbles stuck in his head)

poor man.

while i, on the other hand, am very normal, and have never done any diving at all...

and i seem to be living this delusion that i am working towards cornering the market...

right at this very moment, i will tell you the best trades on the table, and you may look at them if you like...

long eurjpy (i am not playing this one) and the gbpcad short(image included)

thank you.





@benchmarkpro
but can you imagine trying to plug 40 mt4 platforms into myfxbook?

please.

Just check my profile. I have this number of system connected to MFB. Why should it be nightmare?

lennin
Feb 09 2017 at 08:02
2 posts
georgepalaganas posted:
What's the ideal trading system, 100% Robotic or Manual?

If it depends on the strategy, many traders prove to be the best in both strategies. Manual or robotic also has its benefits and not benefits.

hjacob
Feb 09 2017 at 12:32
30 posts
darrengreg posted:
hjacob posted:
Both styles of trading have their own relevance. It depends upon the individual interests. Automated trading is nowadays getting popular as it curbs the concept of emotions while trading. In auto trade, robots or algos keep on performing trades automatically as per the instructions embedded in their system. This overcomes the drawback of human tendency to get tired and indulgence of emotions while trading. The loophole of automatic trading is it does not react to the major unexpected news events. It’s coding needs to be change in order to take benefit from it. However, for faster executions and less stress people do opt for automatic trading these days.



I totally agree with you. Both manual and robotic trading has its own pros and cons. Hybrid trading platform is generally more beneficial. We can use robots to help us earn more profits but sometimes when situation demands human intelligence, manual trading is a good option.


Great! Hybrid trading platforms is a good option. It is a way to experience both the robotic and manual trading. However, a person must also have due knowledge of the fundamentals then only he can react when the situation demands.

togr (togr)
Feb 09 2017 at 12:51
4862 posts
hjacob posted:
darrengreg posted:
hjacob posted:
Both styles of trading have their own relevance. It depends upon the individual interests. Automated trading is nowadays getting popular as it curbs the concept of emotions while trading. In auto trade, robots or algos keep on performing trades automatically as per the instructions embedded in their system. This overcomes the drawback of human tendency to get tired and indulgence of emotions while trading. The loophole of automatic trading is it does not react to the major unexpected news events. It’s coding needs to be change in order to take benefit from it. However, for faster executions and less stress people do opt for automatic trading these days.



I totally agree with you. Both manual and robotic trading has its own pros and cons. Hybrid trading platform is generally more beneficial. We can use robots to help us earn more profits but sometimes when situation demands human intelligence, manual trading is a good option.


Great! Hybrid trading platforms is a good option. It is a way to experience both the robotic and manual trading. However, a person must also have due knowledge of the fundamentals then only he can react when the situation demands.


Trading platform is interface allowing you to trade, like mt4
That how you trade is trading plan, not platform
Trading plan could be executed manually or automatically.
Automated trading is superior to manual
as it is precise, faster and can run 24/7. Manual traders on contrary are slow, emotional, sick, tired, greedy...

VickyJones
Feb 09 2017 at 14:38
45 posts
@togr Let me ask you a question - who creates these algos? Isn't it the same person who is also exposed to the sick, tired, greedy, emotional and slow aspects of trading? If as you say someone has a trading plan, it can be executed by sticking to it both manually or automatically. EAs are for convenience I believe. But I would like to see the reactions of the people who realise that their robots are not working well, maybe becase of a human mistake. Then you can see the same emotions 😄 EAs cannot be superior to human trading as their are built by humans as a simple tool. EAs is like the autopilot but you still need to take control when landing or departing 😄
From the comments I read so far, maybe a hybrid system would make much sense for people who are good at coding the EAs. The extremes are also valuable but only for the people who know what they are doing. If your robots are successful so far, this means you take good care of them and know what you are doing. Good luck!

togr (togr)
Feb 09 2017 at 14:40
4862 posts
VickyJones posted:
@togr Let me ask you a question - who creates these algos? Isn't it the same person who is also exposed to the sick, tired, greedy, emotional and slow aspects of trading? If as you say someone has a trading plan, it can be executed by sticking to it both manually or automatically. EAs are for convenience I believe. But I would like to see the reactions of the people who realise that their robots are not working well, maybe becase of a human mistake. Then you can see the same emotions 😄 EAs cannot be superior to human trading as their are built by humans as a simple tool. EAs is like the autopilot but you still need to take control when landing or departing 😄
From the comments I read so far, maybe a hybrid system would make much sense for people who are good at coding the EAs. The extremes are also valuable but only for the people who know what they are doing. If your robots are successful so far, this means you take good care of them and know what you are doing. Good luck!

@VickyJones
to your surprise algo could be created by another program
it is not necessarily created by human

hjacob
Feb 12 2017 at 07:21
30 posts
VickyJones posted:
@togr Let me ask you a question - who creates these algos? Isn't it the same person who is also exposed to the sick, tired, greedy, emotional and slow aspects of trading? If as you say someone has a trading plan, it can be executed by sticking to it both manually or automatically. EAs are for convenience I believe. But I would like to see the reactions of the people who realise that their robots are not working well, maybe becase of a human mistake. Then you can see the same emotions 😄 EAs cannot be superior to human trading as their are built by humans as a simple tool. EAs is like the autopilot but you still need to take control when landing or departing 😄
From the comments I read so far, maybe a hybrid system would make much sense for people who are good at coding the EAs. The extremes are also valuable but only for the people who know what they are doing. If your robots are successful so far, this means you take good care of them and know what you are doing. Good luck!


Exactly, this is what I meant to say that these EA’s or algos are also built by humans so there can be chances of mistake. As automated trading also includes human interference at first step in making algos.
If there is any other way of creating algos, please do share on this thread.

staylor
May 09 2017 at 11:26
9 posts
Automatic trading has recently become quite popular due to very pros attached to it: trading through automated signals can be accurate, perfect and error free. It covers the inability of the trader to trade in discipline and continuously follow the trading plan. Robots ensured that the trades are taken as per the set plan. Robots also don’t get tired unlike human traders, so with these robots you can perform trades 24 hrs a day. Though, experts always prefer to opt for hybrid platforms and don’t go solely for either manual or auto-trade.

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