Disliked{quote} So you are telling me that an EA will allow you to take trades and not have to look at them while they are still open? You won't ever feel the urge to see what's going on, what's happening that is out of your control? I don't see how an EA can help you if you are not confident in what the indie is currently telling you (entry / exit), but more importantly, what your naked eye tells you. The ONLY benefit I see from using an EA, for myself, is to give me more sleep (maybe); period. I think seeing it as a way to improve your psyche is an extra...Ignored
You are assuming that I perceive an EA as a holy grail. That's just not true. There can be no holy grail. I understand that. The only holy grail is the one that is between our two ears. We make the decisions and have to live with them.
I trust what the Indicator is telling me. I have no reason not to believe it at this point. (And I admit I have only been using this for two weeks right now. I have only ever traded this indicator because it makes sense to me. I have only traded for the last two weeks. So my opinion might be skewed or irrelevant here.) What I can say is that, FOR ME, setting my trades and letting a Trade manager (and yes I used EA in my first post, and I understand there is a difference here. This is where I used the wrong term) run my trades from there, does in fact make me feel better. Yes I wonder what is going on in my trades while they are running, but I don't look. I let the trade run and when the indicator send me a notification that my trade has closed, I go and look. Yes it might be a crutch to use a trade manager, but it is a crutch that I am willing to use at this point. I am still new to all this and still trying to learn everything. So by using a trade manager, it gives me a comfort feeling that I wont go in and adjust the S/L or set a trailing stop, or move my T/P, or whatever else I might do. The trade manager allows me to trade my plan and stick with it regardless of what the market is doing. If the trade closes in a loss, so be it. If it closes in a win, great. But I have traded my plan. Which is set my trade, place a 30 pip S/L and a 30 pip T/P target and forget it from there.
Going back and looking at the way the trade transpired is where I start second guessing my next trade. Wondering if I could put a Trailing stop on there, or move my T/P higher, or...... the list goes on. So far for the last two weeks I have not touched my settings. I plan on using these same setting for the next 5 1/2 months to prove out my settings. To prove that I can trade this way, that it is profitable.
Hope this helps to clear things up a little. I will let it go from here. We can move this to a PM if we want to discuss further as I think this might be getting off topic a little....
