Manual Trading vs Automatic Trading - Suggestions? | Forex Factory

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Manual Trading vs Automatic Trading - Suggestions?

  • #1
  • First Post: Dec 18, 2013 3:13pm Dec 18, 2013 3:13pm
Hi,
in this market so many player come for win but i think 90% lose the game.
i invite suggestions which is good for trading
Manual Trading
Automatic Trading (Robot)

past few days my friend try many types of strategy but always lose the game.
and other one start his journey with automatic trading and he always said this time i'll win but again lose the game because he did not got any good Robot.
I feel when ever Robot give him steady returns he want more earning thus fell.

i personally play both game Robot as well as Manual. Robot give me Steady Returns (20%) and in between my strategy enhance 10-20% profit.

Kindly suggest the good out of both Trading Pattern.

Thanks.
(sorry for grammar mistakes)
  • #2
  • Dec 19, 2013 4:41am Dec 19, 2013 4:41am
Manual trading, do the demo or move ahead to live account, pref nano. As for EA's, they rarely work in the long run..not worth it, just my two cents..
  • #3
  • Dec 19, 2013 5:52am Dec 19, 2013 5:52am
i would like to go for automated trading if i / someone can build a robot that analyze and use fibo tools, EW rules and SPR level..
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #4
  • Dec 19, 2013 9:25am Dec 19, 2013 9:25am
IMHO combination is the best.

For example, you can set certain targets where you would like to get an e-mail or sms so you would be less glued to the screen. EA-s can also enter trades but they rarely know when to exit.

olympus999
  • #5
  • Dec 19, 2013 10:25am Dec 19, 2013 10:25am
amol, it takes me 3 years to clearly realize that manual trading is one of the prerequsites to the success. i hope it won't take you that long.

you look at it in a few ways:

1. there are much more capable programmers than profitable traders in this world, why is that?

2. you have to firstly manually trade profitably before you consider automation ---- it doesn't sound logical, but ponder a minute, i hope you may find the underlying logic.

3. the ultimate status for a successful retail trader: he has to make key trading decisions (enter or exit), but he can automate the mechanic parts of trading procedure as much as possible. he can automate 99% of the process, but he can never fully automate everything. and what's more essential: you remove 99% automation from him, he'll still be profitable.

now imagine how you can arrive at that "status".
  • #6
  • Dec 19, 2013 10:26am Dec 19, 2013 10:26am
yeah, right, i'd like someone just automatically give me 10 million $. that kind of automation is far superior to yours, lol

don't escape from the reality that making money is taking pains.

Quoting ud1nh0
i would like to go for automated trading if i / someone can build a robot that analyze and use fibo tools, EW rules and SPR level..
  • #7
  • Dec 19, 2013 10:34am Dec 19, 2013 10:34am
Quoting charvo
yeah, right, i'd like someone just automatically give me 10 million $. that kind of automation is far superior to yours, lol don't escape from the reality that making money is taking pains. {quote}

buy at monthly support 3 tp 50 pips each pair MM 1 % per position ?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #8
  • Dec 19, 2013 10:51am Dec 19, 2013 10:51am
if so simple, why not hire someone to code it fully auto for you?

takes less than $50 (might be free on tech section, if you try).

Quoting ud1nh0
{quote} buy at monthly support 3 tp 50 pips each pair MM 1 % per position ?
  • #9
  • Dec 19, 2013 12:02pm Dec 19, 2013 12:02pm
Personally i tryed both type of trading.
Thanks to my IT backgrount i made several trading robots with indicators which i believed in and tryed to test
these robots on every possible combination with these indicators .. and the result from testing with tick by tick data
was not good. I believe that manual trading have the biggest edge in the market. I personally trade only manually.
My blog: forex-scalping.com | Exponencial money management is the key!
  • #10
  • Dec 21, 2013 3:34am Dec 21, 2013 3:34am
Did come across a few threads asking for someone to develop an EA on digital forum..and of course, quite a few responses popped up. But the question you need to ask is why, if these programmers can program such a great EA, they are staying off the Fx market..
Ding ding, there's no holy grail..
  • #11
  • Dec 22, 2013 6:20am Dec 22, 2013 6:20am
Quoting Forexnuts
Did come across a few threads asking for someone to develop an EA on digital forum..and of course, quite a few responses popped up. But the question you need to ask is why, if these programmers can program such a great EA, they are staying off the Fx market.. Ding ding, there's no holy grail..
Hi,
you said very right but i think the fault comes from users of EA
some of using EA on low Balance.
some of want max. profit so tune it on High Risk. (probably it happens because Forex market giving very high returns)

i think if user set EA parameter for medium and constant profit it will better option for trading.
  • #12
  • Dec 23, 2013 5:42am Dec 23, 2013 5:42am
Quoting Forexnuts
Did come across a few threads asking for someone to develop an EA on digital forum..and of course, quite a few responses popped up. But the question you need to ask is why, if these programmers can program such a great EA, they are staying off the Fx market.. Ding ding, there's no holy grail..
Agree with you. There is no holy grail. I always prefer manual trading. It will give you some knowledge and control over the trades
  • #13
  • Dec 24, 2013 12:14am Dec 24, 2013 12:14am
LOL I know..and FWIW, can never get tired of reading these "holy grail" threads..let's face it, when the markets are slow as they are now, during holiday season, we may as well binge on entertainment..
  • #14
  • Dec 24, 2013 12:17am Dec 24, 2013 12:17am
Quoting amol123
{quote} Hi, you said very right but i think the fault comes from users of EA some of using EA on low Balance. some of want max. profit so tune it on High Risk. (probably it happens because Forex market giving very high returns) i think if user set EA parameter for medium and constant profit it will better option for trading.
Yes, newbies tend to get greedy but that's what being a newbie is all about, but here's the nub, experienced traders have also used EAs, just to test the viability and of course, after a few months, they turned out to be a dud..
Not saying all the EAs out there will wipe out your account, but most will..and the ones that may work, do not work that effectively..
  • #15
  • Dec 24, 2013 7:10am Dec 24, 2013 7:10am
We are the holy grail so...manual is the way to go.
  • #16
  • Dec 24, 2013 11:48am Dec 24, 2013 11:48am
Do whatever is working. If it ain't broke, well you know..

No automated system can beat a trader with working knowledge of the market, how to exploit it, and an edge. I know traders who barely have losing months, and probably lose 10-20% while their winning months can bring 80% and even as high as 200%. Can you do it? Probably not anytime soon, but it is possible and it is discretionary trading meaning you cannot design an EA around it.

And don't shoot for such "unrealistic" returns because these people have studied markets and trading for years. If you are dedicated and motivated enough, and have enough time on your hands you might get there.
  • #17
  • Dec 25, 2013 12:16pm Dec 25, 2013 12:16pm
I traded for about 7 years, in the last few years I became a programmer also: java and c++ mainly.

Here is what I found so far:
A fully automated "EA" is not going to work over the medium - long run.
Actually to make a fully autonomous profitable automated software (notice that I used "automated software" instead of "EA") you need to know solid math and programming. Statistics, physics is a must.

But even then, you can't be sure that you will be able to make something self-adaptable. If I remember right, even one of the most prestigious systematic math driven hedge fund was feeding their automated systems with some sort of discretionary info. The human brain is just too good at connecting different dots that a machine can't.
Personally I use my discretionary input as a catalyst for the regime switching model. I can "feel" much faster when the market behaviour
probably will change than my algos will do. (this is just me!).

If you have any questions, feel free to ask
  • #18
  • Dec 25, 2013 11:15pm Dec 25, 2013 11:15pm
Hi, Thanks for Sharing your Views.
  • #19
  • Dec 26, 2013 3:36pm Dec 26, 2013 3:36pm
I think it comes down to your personality/background, if your a programmer then the move to automated trading might be alittle easier than someone with no programming experience, but both can be profitable if done correctly
  • #20
  • Jan 9, 2014 1:25am Jan 9, 2014 1:25am
Exactly, if you're a programmer you should be able to tweak the automated system easily - however, for lay traders, depending on a third party code to deliver great results each time is unrealistic..
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