EA or Manual?
As traders we all have choices as to the way we want to trade. We can use Expert Advisors and we can trade manually etc. What do you prefer and why? Do you combine both automated trading and manual trading? Where have you seen most success?
I think if we can combine automated trading with manual trading it is better. The reason is more our trade management will be automated more it will be out of emotion. Emotion is a big issue in manual trading.
Anyways I like to use commercial EAs and invest in commercial EAs . To me if anyone have good automated software it is better to rely on it.
Originally posted by AutomatedTrader007I think if we can combine automated trading with manual trading it is better. The reason is more our trade management will be automated more it will be out of emotion. Emotion is a big issue in manual trading.
Anyways I like to use commercial EAs and invest in commercial EAs . To me if anyone have good automated software it is better to rely on it.
You should do manuall trading only if you can stick to your strategy no matter what because as you said emotion may force you to wrong decisions. However a good EA is always a good EA to use and as long you are profitable i dont see any reason to not use it.
In my view manual trading is easily the best way because we can make it very big if we can build up any decent plan, but it is next to impossible if we use EA, as that will keep us to just one way traffic which I believe is never really right way to go especially if we have skills. I do feel there are certain EA setup which are pretty cool yet manual is easily the better one. I only prefer manual especially with OctaFX broker that I am working with, as they have just 0.2 pips spread for all major pairs while they also have incredible cTrader platform which is highly upgraded version and makes trading so much easier for me to eventually make my life pretty easy!
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Stick to your rules
I like both but I like to rely on myself (manual trading). As to automated trading so yes, it is good when I do not have time to sit near PC whole the day.
Both methods are good. And automated robot does not have any emotions.