With algorithmic robot trading there is no concern of trading psychology... Also, less stress, more sleep and even more free time.
Added bonus: Making profits during the Asian session while you are sleeping. 😄
I guess this is the case when there is no flash crash of the markets during that session. Maybe you sleep better in general but isn't it a stress with the need to update the robots settings regularly, and when they go wrong? I'm not expert on auto trading so I was just wondering about these aspects as well.
Correct. During the early Asian session hours a flash crash is unlikely, nevertheless, it can happen to any trader using higher than 1:5 leverage and everybody should be prepared (mentally and financially) to wake up for an empty account.
Furthermore brokers can disappear with ALL segregated client funds, as it happened to me when CTM's owner (Reza F**ing Mokhtarian) has stolen $500,000+ clients funds spending it on his mansion and luxury cars...
Getting back to automated trading: The optimal EA is ''robust'', i.e. it can work well during favorable market conditions and survive less favorable market conditions with modest losses. Such EAs don't need updates. Losses are part of the game - as business expenses - the same way as Casinos profit only from the ''0'' or ''00'' on the roulette, meaning that these two numbers are their ''edges''. Even if players win big on roulette occasionally, statistically it is ALWAYS the Casino who wins. In summary: a good EA should function as a roulette table for a Casino.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)