What do you think when trading using robots?
- Thread starter SweetPrincess
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Sure. Automating a strategy is a serious step to eliminating a lot of human errors from your trades' execution. If there is a way to automate at least some parts of your trading system, it should be done.
Oh I see.. As for me, I do not use robots. I still preferred on using my own decision and trading style because when you use your own method or plan in trading, you will learn all by yourself on how to trade effectively. Also, I think of the money that I am going to risk in the business.
For me, only manual trading is real! Frankly, I am not interested on automatic trading! Yes, I need to make dealing with my emotions and greed while I do manual trading. But I am quite happy on my manual trading process, since I am improving gradually! By the way, I know robot trading is also profitable!
Yes, me too. I am currently satisfied with my manual trading and I do not have plans to trade using robots 🙂
I also don't believe of robots. In fact, if some one was able to create a robot that works, he won't be selling it all over the internet for a few hundred dollars, he will use it to make him profits by trading. So what I think is, robots are scams.
If I do use a robot, its purpose is to trigger alerts, calculate lot size, trail a stop-loss, etc., but rarely to automate trade entries/exits.
Depends on what you mean. I have EAs that help manage trailing stops on existing trades. EAs that will help alert me to something happening on a certain chart. EAs that make it easier for me to execute a position to set the correct lot size and stop loss.
What I do not have is a full blown "robot" the way I think you're talking that actually executes trades. I've yet to see one of those actually work no matter what nonsense claims the FAPTurbo morons keep making.
Of course what do I know ... I've only been making my living trading for two short years so I could be wrong. Who knows. Make your own decision. But I'd sure test any "robot" on the live market on a demo account before I ever put any actual money into one on a live account.
Obviously, manual trading is my 1st choice! I see, automatic trading like using others signal or EA trading is too much risky! Besides, Forex market movements depend on so many parameters, so I don’t believe to work with a fixed trading system! I do my trading based on live technical and fundamental statement of market.
To be honest, I am not sure about the usefulness of the trading robots and EA’s! Because, I have seen, almost all of pro traders are doing here manual trading! In addition, my trading strength is my news trading knowledge! So, no way with trading robot or EA!
EAs can be a good option however they are usually designed to follow the technical analysis which means that they also require monitoring during the high volatile markets. So those who wishes to go fully automated should read the EA manual before implementing it to live accounts.
Yes, EA can be a good option; but not for the general traders! Only EA developer can use the trading EA properly.
I think it's not the best idea and I have seen at least one local crypto exchange which failed totally and it was based on that completely and fully. So you really need to be sure to gain something out of it. Better not to invest here anything without possiblity of manual intrudence.
new digital
Master Trader
Robots are essential for trading successfully. 99 % of traders fail , they fail due to the human mind . It is not able to handle a activity like trading , most stooges do it , but they never do it successfully.
Psychology :Traders brains are wired to lose in trading.
https://www.earnforex.com/forum/thr...rs-brains-are-wired-to-lose-in-trading.35842/
Traders make psychological errors and never achieve the system results.
traders's mistakes
https://www.earnforex.com/forum/threads/traderss-mistakes.34543/
in all honesty i have never seen stunning results from pure EA trading. but i would be curious to see sufficient results as i am interested however i do hear many say that EAs are not likely to be long term able to produce consistent results unless you code it yourself- where does one learn to do that? i would not know where to start.
Zack, good question. Still, I think that it is not an issue to learn how to code one EA. Even if you have this skill, you would still need to have good and profitable trading strategy in order to code it to your EA. If you have such strategy, then you would probably not care about coding it
Learning is an always good choice but depending on others & following others trading strategy or system is a bad option!
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