Manual or EA? I have done well with EA but most are scared, why?

I was wondering why people don't use an EA to trade, instead of doing the trades manually.

Is anyone here using an EA to carry out their trades?

If so, do you use your own EA?

I am new to trading, understand EA but never got any real exposure, can you elaborate with results, if you don't mind.
 

serk1 posted:
I was wondering why people don't use an EA to trade, instead of doing the trades manually.

Is anyone here using an EA to carry out their trades?

If so, do you use your own EA?

I would say people are lazy.
Lazy people just buy some EA created by someone else without understanding how it works.
As result they lose money twice
- when they pay for EA
- when they got loses on their account

That's why I never sell EAs. I do mirror trades from my account to theirs and get paid only where there is profit

I prefer manual trading. It’s fun.

EA is good for those who cannot control their emotion.

I guess there is nothing better than manual trading, mainly because such types of trading activity can possibly bring you much more experience and skills rather than auto-trading. Of course, we shouldn't underestimate the work of EAs and it's quite spread across all the market, nevertheless if you haven't got enough experience, you would better stay off the idea of using EAs mainly because the main task for you is to learn how to trade professionally an earn money. The process of searching for EAs is quite long and you will just waste of your time I guess, nevertheless if you want, then you can try.

I can use both manual and ea tradiing. everything depends my time. If I had a lot of free time I prefer manual trading. If I am going sleep or go out then I can use ea.

I am a manual trader. I have often thought about going down the EA route but haven't as yet.

Morning, could you take look at the company I work for? We have events on Monday and Thursday and would like to invite you to one.

It's better to do both IMO.... I run an EA which is predominantly for scalping... But if I see an opportunity, I use a separate manual account for throwing down swing trades.

I think both are good. EA can trade more hours but manual trading gives your quality trades. Whichever works for you, then do that.

I like manual trading. I don't like to use EA to trade. It's like I am trusting someone else strategy without knowing anything about it. I don't know based on which strategy is made.

UweMoench posted:
I like manual trading. I don't like to use EA to trade. It's like I am trusting someone else strategy without knowing anything about it. I don't know based on which strategy is made.

Of course, you will like manual trading because that's what you know. What if you are the one who made the EA out of the strategy that you're using to trade manually? Would you feel the same way? It's obviously useless to use an EA or a strategy without having any confidence on it.

Since I'm still a beginner with only six months of live trading experience, I prefer a trading manual to learn more about forex markets to develop new skills and strategies.

I took a mentorship session and it really helped me improve my patience and being able to accurately predicted the rise and fall. I actually have a one hour video I can send maybe it will help.

I currently work on manual trading, I think it's good practice to have understanding of how to trade in order to use an EA. I am starting to work on EA's but it takes time to do the back testing to get the settings right to make any good money. I feel more in control when I trade manually so I think it is how I will trade going forward. Not against having an EA working in the background making a little more money though.

Both are good if you know what are you doing.

There's no difference really. Not all strategy can be converted to a trading bot anyway so you can only trade manually. If some or all of the parts of the trading system can be converted to an automated process, then of course, it's way better because it will lessen the stress and effort on your end. I don't see the point of choosing one over the other.

People who strictly choose manual trading only thinks that they have the control but unfortunately, there's too much uncertain parts with the financial markets. If some things will help you control some parts of the trading process, that will always be the best path.

croisssan posted:
I am an advocate of manual trading. I have nothing against robots, but I trust manual trading more.

I also think that manual trading will be the best option for a trader.