Manual or EA? I have done well with EA but most are scared, why?
Miembro desde Feb 22, 2011
posts 4862
May 25, 2020 at 11:09
serk1 posted:
I was wondering why people don't use an EA to trade, instead of doing the trades manually.
Is anyone here using an EA to carry out their trades?
If so, do you use your own EA?
I would say people are lazy.
Lazy people just buy some EA created by someone else without understanding how it works.
As result they lose money twice
- when they pay for EA
- when they got loses on their account
That's why I never sell EAs. I do mirror trades from my account to theirs and get paid only where there is profit
Miembro desde Jul 23, 2020
posts 869
Oct 07, 2021 at 14:50
I prefer manual trading. It’s fun.
Miembro desde Jul 23, 2020
posts 759
Oct 07, 2021 at 20:58
EA is good for those who cannot control their emotion.
Miembro desde Dec 26, 2019
posts 21
Oct 15, 2021 at 19:16
I guess there is nothing better than manual trading, mainly because such types of trading activity can possibly bring you much more experience and skills rather than auto-trading. Of course, we shouldn't underestimate the work of EAs and it's quite spread across all the market, nevertheless if you haven't got enough experience, you would better stay off the idea of using EAs mainly because the main task for you is to learn how to trade professionally an earn money. The process of searching for EAs is quite long and you will just waste of your time I guess, nevertheless if you want, then you can try.
Centrillador
Miembro desde Mar 03, 2019
posts 57
Oct 21, 2021 at 11:57
I am a manual trader. I have often thought about going down the EA route but haven't as yet.
Miembro desde Oct 21, 2021
posts 3
Oct 22, 2021 at 04:40
Morning, could you take look at the company I work for? We have events on Monday and Thursday and would like to invite you to one.
Miembro desde Aug 27, 2017
posts 121
Oct 27, 2021 at 17:15
I think both are good. EA can trade more hours but manual trading gives your quality trades. Whichever works for you, then do that.
Trading is a marathon, not a sprint.
Miembro desde Aug 27, 2017
posts 121
Oct 28, 2021 at 10:20
UweMoench posted:Of course, you will like manual trading because that's what you know. What if you are the one who made the EA out of the strategy that you're using to trade manually? Would you feel the same way? It's obviously useless to use an EA or a strategy without having any confidence on it.
I like manual trading. I don't like to use EA to trade. It's like I am trusting someone else strategy without knowing anything about it. I don't know based on which strategy is made.
Trading is a marathon, not a sprint.
Miembro desde Oct 21, 2021
posts 3
Oct 28, 2021 at 12:36
I took a mentorship session and it really helped me improve my patience and being able to accurately predicted the rise and fall. I actually have a one hour video I can send maybe it will help.
Oct 30, 2021 at 17:07
I currently work on manual trading, I think it's good practice to have understanding of how to trade in order to use an EA. I am starting to work on EA's but it takes time to do the back testing to get the settings right to make any good money. I feel more in control when I trade manually so I think it is how I will trade going forward. Not against having an EA working in the background making a little more money though.
Miembro desde Aug 27, 2017
posts 121
Oct 31, 2021 at 18:59
There's no difference really. Not all strategy can be converted to a trading bot anyway so you can only trade manually. If some or all of the parts of the trading system can be converted to an automated process, then of course, it's way better because it will lessen the stress and effort on your end. I don't see the point of choosing one over the other.
People who strictly choose manual trading only thinks that they have the control but unfortunately, there's too much uncertain parts with the financial markets. If some things will help you control some parts of the trading process, that will always be the best path.
People who strictly choose manual trading only thinks that they have the control but unfortunately, there's too much uncertain parts with the financial markets. If some things will help you control some parts of the trading process, that will always be the best path.
Trading is a marathon, not a sprint.
Miembro desde Mar 17, 2021
posts 536
Dec 11, 2021 at 06:11
croisssan posted:I also think that manual trading will be the best option for a trader.
I am an advocate of manual trading. I have nothing against robots, but I trust manual trading more.
Miembro desde Oct 19, 2020
posts 8
Feb 03, 2022 at 14:58
Of course, I heard about algrotrading. Maybe someday I will try it too, but there’s one thing that is more important for me. It’s manual trading. I haven’t started trading on a real account yet, so I think that it’s too early for me to think about robots. I hope soon I will open a real account and get down to real trading. I think I have tried everything on a demo account and I feel a strong need to test myself on a real account.
I heard a lot about great difference between trading on a demo account and trading real money. Of course, I expect a huge stress. I don’t think that there’s something wrong with my nerves, but I do expect that it will not be very easy. So, manual trading on a real account is the thing I try to prepare myself for now.
I think I will try trading robots once I gain enough experience on a real account trading manually. I don’t want to try robots earlier.
I heard a lot about great difference between trading on a demo account and trading real money. Of course, I expect a huge stress. I don’t think that there’s something wrong with my nerves, but I do expect that it will not be very easy. So, manual trading on a real account is the thing I try to prepare myself for now.
I think I will try trading robots once I gain enough experience on a real account trading manually. I don’t want to try robots earlier.
