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Manual trading
Jan 27, 2021 at 12:46
Member Since Jul 19, 2020
749 posts
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.
Member Since Jul 23, 2020
696 posts
Jan 28, 2021 at 11:23
(edited Jan 28, 2021 at 11:23)
Member Since Jul 23, 2020
696 posts
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.
Member Since Dec 01, 2020
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Sep 24, 2021 at 10:48
Member Since Jul 27, 2021
15 posts
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.
Use what you like, because there is no point in arguing which is better, like an automatic car transmission or a manual one.
Member Since Sep 15, 2021
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Member Since May 11, 2020
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Sep 27, 2021 at 20:25
Member Since May 11, 2020
20 posts
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.
Sep 28, 2021 at 11:05
Member Since Jul 27, 2021
15 posts
Yes, perhaps you are right and a lot of things that are related to the trading routine... let's say, it would be easier to automate these processes. I have been trying to automate my trading system and achieve a stable result for a long time. And sometimes I go back to manual trading to dive into the market, movement and move on.
Member Since Jul 20, 2020
385 posts
Sep 29, 2021 at 14:50
Member Since Jul 20, 2020
385 posts
Lionkingdom posted:
It is necessary to have experience in manual, this is a must. If you have at least 3-4 years of experience, it will be much easier for you to understand the work of robot system. Those who start right away buying a ea without any knowledge will surely lose.
I think so too. Its key for you to understand why a trade is been taken if you dont you will find it hard to succeed with a bot
Member Since Aug 05, 2021
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Member Since Mar 17, 2021
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Nov 04, 2021 at 18:12
Member Since Mar 17, 2021
494 posts
Lionkingdom posted:
Confidence also comes after you learn more about the market. Understanding the market will also affect how you use the EA.
The robot will only do what you program into it. That is, his work depends only on you. I have not yet met a EAs that would open trades using a random sequence.
Yes. Proper confidence in your trading can make you rich

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