What is best way to trade forex , manual or using Automation lets discuss this kindly as mql5 community

New comment
 

What is best way to trade forex , manual or using Automation lets discuss this kindly as mql5 community

 
Faith Wairimu Kariuki:

What is best way to trade forex , manual or using Automation lets discuss this kindly as mql5 community

Honestly, both methods have their place. If you have time and discipline, manual trading gives you a better feel for the market. If you want consistency and fewer emotions, automation helps you stick to the rules. Most serious traders end up using a mix of both — manual analysis with some automated tools to support the process.
 
Arturas Jablonskas #:
Honestly, both methods have their place. If you have time and discipline, manual trading gives you a better feel for the market. If you want consistency and fewer emotions, automation helps you stick to the rules. Most serious traders end up using a mix of both — manual analysis with some automated tools to support the process.

I think that everyone, including me, starts out as a manual trader─except for programmers that come over to trading from other industries, perhaps. I actually started out on stocks/equities several decades ago and automated trading platforms were, and are, extremely rare in stock/equity trading (in the U.S.) Anyway, it's helpful to start out manually in order to get a sense of which tools tend to work before learning code.

By way of a lengthy (and messy) process of elimination, I've evolved into an algorithmic MFT futures and FX swing trader. I found that the problem with trading global futures and FX manually is that beneficial price moves therein tend to be scattered across multiple international trading sessions. A person could literally lose their mind while trying to manually monitor a global market 24 hours per day and 5 days per week. Simply put, a bot doesn't possess the demands nor the subconscious variables of myself, the human.

 
Faith Wairimu Kariuki:

What is best way to trade forex , manual or using Automation lets discuss this kindly as mql5 community

both have some great opurtunities, I think there is no "best" as long you make consistent profit and that could be on both.
 
Faith Wairimu Kariuki:
What is best way to trade forex , manual or using Automation lets discuss this kindly as mql5 community
The best way to trade forex as an MQL5 community member is to adopt a hybrid approach that combines the emotional discipline of automation with the contextual judgment of manual oversight. While manual trading allows for nuanced interpretation of fundamental shifts and market sentiment, automation through Expert Advisors (EAs) ensures 24/7 market monitoring, precise execution of complex strategies, and the removal of psychological biases like fear and greed. By utilizing a semi-automated system—where an EA manages repetitive tasks like risk calculation and entry filtering while the trader remains the ultimate decision-maker during high-impact news events—you can achieve a balance of technical consistency and human adaptability that is essential for long-term profitability
 
Faith Wairimu Kariuki:

What is best way to trade forex , manual or using Automation lets discuss this kindly as mql5 community

I think that trading manually gives more emotions than with EAs, there are people that like the feeling of taking trades.

In the long term, I have seen that most traders gravitate into aumatic systems.

 
Faith Wairimu Kariuki:

What is best way to trade forex , manual or using Automation lets discuss this kindly as mql5 community

Use automated system. More reliable, much faster 
 
Osmar Sandoval Espinosa #:
[T[here are people that like the feeling of taking trades.

That's a good reason for me not trade manually. I like to leave the thrill of the Blackjack table at the table, and the thrill of the horse track at the track.

For me, trading done right is work... and mildly boring.

 
Ryan L Johnson #:

That's a good reason for me not trade manually. I like to leave the thrill of the Blackjack table at the table, and the thrill of the horse track at the track.

For me, trading done right is work... and mildly boring.

I understand...

That's also a part of why I stopped trading manually...

New comment