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.
How about getting some of those free or cheap EAs and improve on them and come up with an even better end product
the only way to make consistent profit is %100 automatic trading.
as soon as you make your trading strategy automated as soon as you become a sucessful trader.
if you dont trust my word go and see this BBC documentary.
either way, the more you discuss this topic, the less you are inclined to get off your ass and do some actual trading! :D Both modes have their good and bad points. The "point" (punn intended) hehe... is that if all you can do is discuss this topic over and over, then, you are not cut out for any mode or flavour of trading.
And old tools are ok (imo) if they are old, and availiable, there's approximate 50/50 shot that it might still work in similar market conditions. Just because a strategy failed last month, does not mean it will not work next month. But the fact that you can still get that old ea or old indicator is a good chance that it can be used with relative success again (imo). Otherwise that old thing would have been lost in the www, and forgotten about on that old apple based imac decades ago :).
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.
Yes, I think so too.
because trend market is very dynamic, but I like manual trading