It is better to trade manually. Yes you could use EA for execution trade for any specific price. I mean for pending order. But fully automated is not a good idea. Fear of losing opportunity is one of the destructive fears in trading. It also similar to fear of losing money. Even it's more severe. It's Not a good idea to force yourself in order to make more money.
The main thing that a human forex trader has which an automated trader doesn't is a brain. Where an automated trader can only execute decisions based on the scenarios that are programmed into it, a human can understand everything that is going on and process it together. So, I too believe that manual trading is a better option.
forextrader777 posted: The main thing that a human forex trader has which an automated trader doesn't is a brain. Where an automated trader can only execute decisions based on the scenarios that are programmed into it, a human can understand everything that is going on and process it together. So, I too believe that manual trading is a better option.
EA trading is also good for trading without emotion. If you can make an EA with profitable trading strategy, it will be easy to trade.
Market doesn't behave same way all the time. It reacts in a different way in different time. For a changing market like this you can't use the same strategy. You have to change the strategy according to the changing market situation.
This is an eternal argument and it will go on forever. For the reason that there is always a trader who will manually trade better than the best advisor. The human brain is the best tool. Use what you like, because there is no point in arguing which is better, like an automatic car transmission or a manual one.
This matter is quite subjective. I personally think that it is better to automate trading as mch as it is possible. I feel that the computers are much better in making decisions because they are unbised and precise along with the fact that they are faster. However, it is really hard to create such a system which will be absolutely independable from a human being. THere are lots of trading bots which are available nowadays, but they are effective only in certain situations, like some of the robots are good when the trends are strong and absolutely useless and harmful during flat market and vica versa. So, a human should still controll these robots in order to make their trading results better.
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