What makes extra 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 that it is, indeed, a very hot topic. Firstly, let’s take a step back and analyze both methods from a top-down perspective.
So by definition, Manual or discretionary trading means to put , manage, and shut a trade with human intervention. Simply put, that means you’re sitting at your computer or on your mobile, opening and closing your trade by the click of a mouse. Everything from why, when, and the way much you trade is solely right down to your discretion. Now, it is also important to notice here that the principles you reside 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… back-tested strategies. That’s to say, you’re scanning and methodically executing your trades… just as you’ve tested in your back-testing. Else if you don’t well, then you don’t have a strategy.
Now, on the opposite hand, you have the automated trading. Now, you’ll also hear this mentioned as algo trading or trading… …with a robot. Now, in our world, this is often done commonly with Metatrader4 or Metatrader5, and it’s known or often mentioned as an Expert Advisor. So, an expert advisor is a program that allows you to execute your… …programming logic or your 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 other programming solving operations, especially by a computer. Think of this as, though, you’re telling the pc what you’d do manually, but in code. But there lied the additional challenge-coding. Now, you can outsource for programmers to write up the logic for you, but there are risks for that. 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’ll back test the logic to ascertain the performance, but what if you are looking for something to only flag signals that you simply then trade manually? How do you know if it’s doing what you think it should be, every single time when you have no back-tested data.
Now, on the other hand, you’ll set yourself the challenge by learning the way 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. 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 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. But I think it’s pretty accurate to say that the hardest challenge that many manual traders… find when starting off, is the psychology behind it all. 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 simple set of rules. Which ultimately, results in the destruction of the many trading accounts. Now, during this case, automation could also be the well-liked option.
Also consider this, trading manually are often time consuming. Not only in your back testing, but also in live trading and lots of traders once they begin their trading journey, still have day jobs. So are unable to spend countless hours at the screens, and remember learning to trade and trading does indeed, require… …screen time.
Golden Scalper EA – Safe Scalping EA
Scalper Strategy is that the most useful strategy oven the five hundred of the trader. Golden Scalper EA are often your primary choice if you would like to automate your scalping within the forex market. you’ll also check our other EA like Girrassol EA or carbonado EA.
You know scalping this something like quick trade the low time-frame . A trader usually takes a high risk and chose the foremost accurate position for scalping trading. Most of the time scalper use support and resistance indicator and few other related indicators. We are introducing a replacement EA which is made on the idea of the scalping trading.
The profitability of this EA is awesome. This EA analyzes the market and takes automatic trade. After a period of your time , you’ll certainly make profits. We are giving this EA for free of charge . If you wish you’ll download this EA and test to your demo account within the backtesting mode. We recommend using low spread broker once you are running any EA. icmarkets Broker may be a better option.
When you are using this EA within the real account. Please follow proper money management. we recommend starting with 0.01 lot size. But if you wish you get high profit with the high risk you’ll also increase your lot size. But don’t be greedy and don’t lose your emotional control once you are within the market. All the simplest for your trading journey.
You can download this EA from the download button below.
How to use:
Step 1: Register Zero Spread Broker
Step 2: Download the EA’s file
Step 3: Install the EA to your MT4 platform
Step 4: Run the EA to your demo account first
Step 5: After testing, if profits attend real account
Step 6: Make Profit
Recommended balance minimum $100
Initial Lot: $0.01
Time frame: 1 minute
Golden Scalper EA – Safe Scalping EAProduct on sale