Hi fellow traders,
i have been trading forex for more than 7 years professionally. When i started i was convinced that no EA can be better than my own intuition. But over the years i learned that most of mistakes i made (you know the feeling when you trade succesfuly for months and then you make some stupid mistake because of undiscipline or greed and it all goes to HELL) originated in myself. I was to much emotionally envolved. It's not a problem when trading for a few hundred $, but when you are trading to pay your bills every month (with account budget over 10k) it's a totally different story. So i realized that it is better to automate your strategy and take out the element of discipline and greed (most destructive elements in trading) with customized EA.
What do you think? Is it better to trade manually or is it better to have your strategy automated?
i have been trading forex for more than 7 years professionally. When i started i was convinced that no EA can be better than my own intuition. But over the years i learned that most of mistakes i made (you know the feeling when you trade succesfuly for months and then you make some stupid mistake because of undiscipline or greed and it all goes to HELL) originated in myself. I was to much emotionally envolved. It's not a problem when trading for a few hundred $, but when you are trading to pay your bills every month (with account budget over 10k) it's a totally different story. So i realized that it is better to automate your strategy and take out the element of discipline and greed (most destructive elements in trading) with customized EA.
What do you think? Is it better to trade manually or is it better to have your strategy automated?