On my opinion, “Automated Trading Systems” does not
pay attention to the Ratios. However, by automating your system there are zero
chances of falling in love for a deal, which is good since no one is looking
for love here! In the other hand, very few traders can actually automate
something different. The problem is that we all go through out the same tools
available in the market, which now you can easily find abandoned systems that
became cheap available in the market. Do you really think that a profitable EA
would be cheap to get? Or imagine free?
With that said, I believe that manually with a
serious trading system and discipline, that you can actually have more chances
to succeed. Well, at least you have the chances of NOT trading where the
majority is. which I like! Tks a lot.
On my opinion,
- Automate Trading System don't have emotions it working follow rules,condition that programmer develop it so it always follow the plan.
- Manual Trade : have emotions and feeling so easier to be an error.
* But it very hard to find automate trading system that really works.
I saw the links. All good threads. But what about the problem i brought up that we all go through out the same tools, which as i said, it looks like abandoned stuff from those who kept as a treasure, and now that they realized that it does work then we have the access of those tools? I don't see anybody talking about it in any other thread.
Again, I believe in Manual trading, but respect all kinds of systems. I have friends making money out of "Martigale", but when they tell me that they are buying or selling EURUSD for example, I keep thinking why? Sometimes the price is consolidated, and they are adding orders "for tomorrow". I think its a hard work, for quite a big risk! Thought.
No one knows for sure which direction the market is going in nor when. And this is why you want to look around for some of the so call junk EAs to try your luck eh :)
Is it necessary to know where the market is going, in order to make a profit ?
For newcomer or unprofitable traders, you just find any profitabe EA with nice backtest or copy a profitable signal.
For me, I am trading by manual and by EA which I created.