I have been trading forex for about 4 month, and I am using manual system i.e. the system generate signals for me, and I do the analysis and place the trade. Although it has made me 30% profit up to date, I still think that manual system is time consuming. And I thinking to switch to automated system, my opinion is manaul is always better than auto, but it would be appreaciated if any of you can give me some valuable insight on this.
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Automated System or Manual System?
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Re: Automated System or Manual System?
yes you right, manual trading is best for all,
when robot(automated) is the best, that is the time of falling of forex market, (think) when someone create holly grail robot that always profit with no loss and all trader use that robot, who loss then?
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Re: Automated System or Manual System?
I only do automated trading..........
There will never be a holy grail.............automated trading is a skill that is learnt and it is every bit as involved as manual trading, even more so. I spend more time in front of my computer than any manual trader.
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Re: Automated System or Manual System?
In the log run I doubt that an E.A> can work. It is just make able to adjust when the changes. I have tried several E.A.'s, some even worked for a time. When the win/loss ratio change I suspended use.
The market can only go up. down or sideways. How many indicators do you need to see what is happening? Only a few or none. probably the best systems use no indicators and are manual. See Joe Ross.
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Re: Automated System or Manual System?
Well I gave EA a fair shot again, and I didn't like it, now manual only
Barbara
(problem with EA is that when all looks good, and in the beginning always does, you can help your self but to raise your risk, and then the moment you raised it is the moment that all will come tumbling down for you... its natural low of EA in my experience )
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Re: Automated System or Manual System?
I have found to manually trade the basket of EA's the best strategy so far....the whole idea is you can't be successful if you are expecting some magic EA to make millions for you. You either trade manually or through an EA...you'll still need to thoroughly monitor it.
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