Robotic Trading VS Manual Trading

What's the ideal trading system, 100% Robotic or Manual?

Depends on your strategy... Does it worth to code it?
I like EA to open trades... because nothing can be more accurate & patient

To add what @CrazyTrader is saying, an EA never sleeps and does all your trading while you carry on doing your thing - I would never have the time to trade manually - many are against EAs. It is always martingale or non-martingale, fundamental or technical, EA or manual. I would say to each his own - whatever works best for you. My experiences are not necessarily right, and neither is someone else's. I for one, and plenty others prefer robotic.

The two methods aren't necessarily mutually exclusive.

No reason why you can't automate tasks on manual trades. Adding stops, Tp'ing, partial TP'ing adding TP's to manualy opened trades, modifying stops, adding BE stops etc...

Trade sizes is a prime example. I got so tired of working it out I wrote code to do my trades, so all I'd do is put down a 1 unit trade to indicate where I wanted to trade then the code would come get the level, work out what I needed and do a properly sized trade for me at that level with the best spread it could find. No fat finger mistakes for moa and keeps the costs down.

The list is endless, those tasks are tedious so why not automate them, especially if you need to wait for something to move before you can modify open trades.

Or have drag and drop EA's when you want to perform manual functions, but would rather have the benefit if the computers speed and accuracy. Or the market is to fast to keep up or you want to try get a better spread etc. A good examle of that would be a partial TP, where my account is doing well, but I'm using to much margin so I want to drop say 30% of the account as a partial TP. I have an EA for that, just drag it on, wait till it's done and I only had to do one action. Takes 30 seconds instead of 5 minutes to do manually.

I think very few systems are fully auto. Decisions to switch them on or off are taken all the time.

So as things become a pain for you start defining them and then coding them and before you know it you have a semi auto method. Take it from there.

automated testing works best if you have a plan, and can convert your strategy into program!. It taskes out emotional stress.

testing: trading

Robot or semi manual.

georgepalaganas posted:
What's the ideal trading system, 100% Robotic or Manual?

i m currently developing an EA & testing it on demo account i will let you know if it is profitable in long term you can see my portfolio good luck 😎

CrazyTrader posted:
Depends on your strategy... Does it worth to code it?
I like EA to open trades... because nothing can be more accurate & patient

I agree with CrazyTrader and I'm also a proponent of automatic trading.

You can backtest all you want, if you're not a super disciplined person, you'll make rash decisions in the heat of the moment that may not entirely conform to your trading plan. A robot doesn't do that. It operates under strict rules and if your rules are profitable, your EA should be profitable as well. The tricky part is to convert your rules to actual code.
The drawback of automatic trading is that in some situations it's quite clear that your entry rules would lead to a losing trade when looking at the chart, but since they are hardcoded, your EA will enter anyway.
But in the end, I think you'll capture a lot more good entries that would've been missed when trading manually than entering bad positions that would've been ignored when trading manually.. But obviously this all depends on your strategy and your ability to convert it into an EA.

Most trading activity are from automated trading systems. It is just a matter of time before everyone has their strategy coded from their manual trading experience. If you haven't begun coding you may already be a dinosaur.

Automation is useful for:
* eliminating tedious and mundane tasks
* minimizing human errors

For every trader it is a different scenario. Depending on your free time and many other factors, you should choose what suits you the best. You can even use a hybrid trading, which means Manual trading with the help of different tools to easy your trading.

If you develop your trading strategy well and test is manually, the best way will be to create your own robotic system which opens, executes and closes the orders. We all know that the EA will have an accurate time and will place the orders faster than manually.

100% robotic system will work well if tested manually before trading with live account. However there can’t be an ideal trading system because sometimes you will need to use functions like TP, SL , partial close, modifying orders, etc… which you have to set manually

mt3mt posted:
Automation is useful for:
* eliminating tedious and mundane tasks
* minimizing human errors

It might eliminate human error, but it also ignores human psychology in trading. One can't ever leave a robot unattended.

Have you thought of a hybrid system. Using an automated system to make a small consistent profit. Most of the automated systems require big balances. In another account you can manually trade if you know how to but never combine both in the same account. Another thing you can do is use Money management Experts for setting the TPs SLs Trailing Stops and Breakeven points automatically while you trade manually. This approach is great for scalping. Just my 2 cents.

It depends upon the trading style and strategy.
There are four types of automated trading: EA’s strategy, social trading, robotic management, Algo trading.

For a newbie trader it is better to opt for automated trading because it helps to reduce trading stress and save your time. However, experienced traders can also go for manual trading as they have a lot of knowledge about market conditions and how it works.

I would prefer to do auto trading as trading as a full time job is not my cup of tea and that is why auto trading works best for me.

TiffanyK posted:
If you develop your trading strategy well and test is manually, the best way will be to create your own robotic system which opens, executes and closes the orders. We all know that the EA will have an accurate time and will place the orders faster than manually.

100% robotic system will work well if tested manually before trading with live account. However there can’t be an ideal trading system because sometimes you will need to use functions like TP, SL , partial close, modifying orders, etc… which you have to set manually

Exactly.

If you trade you should have a trading plan.
Such trading plan can be easily programmed as EA.
EA will execute it precisely, without emotions, 24/5, etc...
And it can be backtested .

You cant do so with manual trading.

Long live EA !

I believe Traders should not stick solely to robotic or manual trading and can chose hybrid platforms as well. You can use EA’s and modern technology to enhance your profits in Forex trading but if the situation demands for thinking and emotions, ,manual trading can be fruitful.