Is Manual Trading Better Than Automated Trading? - page 4
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:):) Come one - it can not be too big when it is manual
Oh, but it can be BIG
Big enough to kill my account
I prefer to automated trading over manual trading. Because I can't control my emotion in manual trading. So to me it is better to automate my trading strategy and keep updating with change of markets.
Of course a successful trader is far better than any Automated trading software. But the think most of us loss money in manual trading . I have heard from some traders , they started making profit when they started investing in different automated software leaving the manual trading.
Btw it can vary person to person. Of course if anything is not working for u , u have to find out what is the problem and where to make changes to turn a losing business to profitable.
I think that manual and automated trading are forever connected and both systems must always be aware of each other. IMO all automated systems once started as manual trading strategies. In terms of starting out in trading, the entry barriers of automated trading are much higher. Not all automated trading is equal. I guess for most people the most likely option to get into automated traded is through MetaTrader or NinjaTrader. MetaTrader being the favorite for most FX traders. I do not have any real statistics but I would guess that most volume from automated trading is done through customized FIX apis. The main advantages are speed of execution, control over execution venue and direct datacenter cross connect availability. And the main disadvantages are time, cost & complexity of implementation.
What is the volume traded with metatrader?
If we take into account that the volume traded with it is small compared to institutional volumes, the impact of metatrader trading is small too. And easy to control (in the last metatrader broker can turn the EA on and off whenever they want)
Manual trading has many advantages because EA doesn't know when there are big market news and to avoid the market but you do. I will give you an example how a manual trade was done in EURUSD before the FOMC statement last week so you will see exactly what I mean, https://www.ddmarkets.com/euro-dollar-and-the-fed-monetary-policy-meeting/
I prefer manual trading , Because we can control it well .In manual trading we can use different tools what we think are better . We can trade on news , technical analysis or on our own analysis. Manual trading makes us better day by day . Our skill improves as much we do practice on trading . We set or goals and try to get them with our personal efforts that are more safe than auto mated trading.
Nevertheless, I like manual trading more as I prefer to use my brain and the knowledge acquired. I love challenging myself and testing my discipline and psychology.
Welcome my son, welcome to the machine
Where have you been?
It's alright we know where you've been
You've been in the pipeline, filling in time
Provided with toys and 'scouting for boys'
You brought a guitar to punish your ma
And you didn't like school, and you
Know you're nobody's fool
So welcome to the machine
Welcome my son, welcome to the machine
What did you dream?
It's alright we told you what to dream.
You dreamed of a big star
He played a mean guitar
He always ate in the steak bar
He loved to drive in his jaguar
So welcome to the machine
I did not enter to the machine so far :) I do trade manually. Testing some robots and signals on Demo but not quite satisfied with the result. That’s why will stick to manual trading.
The both type of trading have pros and cons. It depending from the chosen model :)
Me personally - I am trading manually.