Forex Robots Make More Money!? - Grand Forex Systems

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Forex Robots Make More Money!?

 



What makes more money manual trading or automated trading. Okay, so which method is more profitable, manual or automated trading? Now, look. This question comes up a lot, and I want to share my opinion on it, as I know it is indeed a scorching topic. Firstly, let's take a step back and analyze both methods from a top-down perspective. By definition, manual or discretionary trading means to place, manage, and close a trade with human intervention. But that means you're sitting at your computer or on your mobile, opening and closing your trade with the click of a mouse. Everything from why, when, and how much you trade is solely down to your discretion. It's also important to note here that the rules you live by as a manual trader should be mechanical. Now, that's not to confuse the definition, but what I mean by this is that you're, basing your trades on Backtested strategies. That's to say, and you're scanning and methodically executing your trades, just as you've tested in your backtesting Else.

If you don't well, you don't have a strategy now; on the other hand, and you have automated trading now. You may also hear this referred to as algotrading or trading with a robot now in our world. This is done commonly with Metatrader4 or Metatrader5, and it's known or often referred to as an Expert Advisor. So an expert advisor is a program that allows you to execute your programming logic or the training strategy that trades for you now.

What this means is that you're trading, with the help of a computer, which makes the decisions on your behalf, based on the programming logic, that you've programmed in now algorithm by definition, means a process or set of rules to be followed in calculation or another programming. Solving operations, especially by a computer, Think of this as though you're telling the computer what you would do manually, but in code.






But there lay the additional challenge-coding. Now you can outsource for programmers to write up the logic for you, but there are risks. How do you really know its accuracy? How do you know it's doing what you expect and that there aren't any bugs? I mean, you can backtest the logic to see the performance, but what, if you're, looking for something to just flag signals that you then trade manually? How do you know if it's doing what you think it should be every single time when you have no backtested data?


On the other hand, you can set yourself the challenge by learning how to program and write some code yourself, Although I can tell you that Is not a small feat by itself. Learning how to trade folks consistently profitable is like learning a degree in Programming. What you've learned manually to code is like learning two degrees, So it goes without saying that learning and then programming a strategy in the forex market. It is definitely a lot longer path if you're doing this with no prior knowledge, But the question you really want to know is which method is more profitable. Well, certainly, there are advantages and disadvantages to both methods. Still, I think it's pretty accurate to say that many manual traders find the hardest challenge when starting is the psychology behind it. You know it's the inability to keep rational and calm in losing periods, as well as the profitable periods. The traders are often unable to follow a simple set of rules.


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Which ultimately leads to the destruction of many trading accounts? In this case, automation may be the preferred option, But then again, think about this. If you are unable to follow your own rules using manual trading, will it be any different when trading with a robot? Are you going to start doubting the robot when it starts losing money? Are you going to tweak it because you go into drawdown Now? The other thing you need to think about is this: market conditions are constantly shifting. Change in world events is often unpredictable, And a robot isn't able to react as well as a human can. In these circumstances, Also consider this trading manually can be time-consuming. In your backtesting and live trading and many traders, when they start their trading journey, still have day jobs, so they are unable to spend countless hours at the screens and remember.





Learning to trade and trading does indeed require screen time. Look, the short answer: is this: there's no real difference to your bottom line with your trading automated or with your training manual, But it's more in how you execute your trading plan and the logic behind your trading plan. Think of this. If your trading plan or strategy is flawed in the first place, then it really doesn't matter if you're trading manually or with the use of a robot And if your training, logic, or strategy is based on martingale or a good system. Then again, when you trade, this manually or algorithmically, you're poised to blow up the trading account and purchase an expert advisor or robot. Well, I can talk about that until I'm blowing in the face on the topic, But in short, all I ask you to think about: is this? Why is the user selling their expert advisor for a few hundred dollars if it can supposedly make money from the market? Now, in this day and age, many retail traders, and I think it will continue going this way into the future.



For example, you might have an expert advisor who again is on metatrader4 scanning for a specific price action setup, Which then notifies you when one is found; you can then place and manage the trade manually from thereon. Now, plenty of traders use automation in this regard to be more efficient, And it also lowers the chances of missing trades, Which can be very detrimental considering. It may be that one trade that you miss that turned out to be the huge winner. Now, this is something that our team is working on constantly behind the scenes. Now, as traders, we're constantly researching the markets, looking for recurring inefficiencies at a price to exploit for our long term goals, It's what gives us an edge over the rest within the industry, and in doing so, we found ways to lower human error and improve ad trading efficiency. We do this by developing specific expert advisors that scan the markets.