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I think sometimes that those that have made Millions
.... because of Newbie Manual Traders ......... in the Market ......... like to keep new Traders 100% confused. As it is MUCH better to trade with a proven EA in all Market conditions ..... than it is for these New Traders that haven't had the time to polish their skills ..... go and try to trade manually .... And another thing don't tell me EA's never work .... as I know better through my own experience. IMO
Also those of you that have made Millions with EA's ...... how about some proof that u never traded an EA ..... until or unless you fully understand every symbol & letter of that code......... ......LOL
16. Praying to God isn't going to influence your trades one way or another. God isn't listening and God doesn't care. Neither does the market.
wrong ,
praying to God makes you mentally prepared for anything, this you willfind out 'maybe not before your account expires " but surely before you yourself expire.
YUP!! What I can say is just "I AGREE with you", teldon!
Although the worst case we're broke we can still say "I thank God" for giving us strength to face the worst case itself, while hope and spirit will be given automatically
'Manual' trading should use set of rule for entry and exiting trade isn't it?
compile the rule with EA, back-tested it, you will see the performance of the rule in the past.
Mechanical trading provide human-error-less, religiously follow the rule, if the trade fail, curse the one who create the rule, not the EA nor mechanical trading system.
I agree with sjerar:
good EA beats the best manual trader (using the same strategy)
I think to have faith in your self, learn to know your actual skills and limits, to accept that you have much to learn and go ahead for learning are a good combination to success...
The one from the book or the one played by Mike Myers?
Anyway, #20, is that REALLY true?? In that case maybe you should have a demo account and run your trades manually. Hey, you might even learn something
This is what I do these days. I don't trust any EA to put trades on my live account so I run my EAs on a demo account on another machine and I have written a script to monitor the MT4 log files to send me an e-mail/SMS when an action takes place (open, close, modify) which then prompts me to look at the appropriate charts and make a decision on whether or not to enter the trade on my live account using a combination of chart analysis, fundamentals/news, and intuition/gut feeling. The human brain is one big parallel and serial processor in one and that will beat any machine if used properly.
5. 99% of all EA's are destined to fail. Some sooner, some later.
9. You're worst enemy in trading is your broker.
12. Any EA's freely available publicly will lose your trading account.
13. 95% of "traders" on public forums are as uneducated as you are about trading. Be wary of free advice.
I have more if you'd like to hear them.
Nice thread thx.
For 99% of EA that will fail someday:
is it really true?? I don't know about that. maybe yes may be not..
You're worst enemy in trading is your broker.
Thats why they doesnot provide a profitable system (may be they happy when trader lost their money
Any EA's freely available publicly will lose your trading account.
High Risk High Return
95% of "traders" on public forums are as uneducated as you are about trading. Be wary of free advice.
.. I agree with this one
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Looking For Holy Grail Forex System ? May Be there is no Holy Grail.
Well, this is my first post on this forum, but this thread is fundamental to what I hope to achieve from trading and there has been some very good and some very naive comments. The first thing I will say is I am new to forex, but certainly not new to gambling. That most people fail at making money is usually due to greed and get rich quick mentality. I wouldn't ever trade the forex until I understand what it involves. However, that one has to have a university degree in programing to profit from automated trading is totally wrong. What you need to have is a very good understanding of what you wish to achieve, and then you can find out how to achieve that goal. It's like driving a car, I'm a professional at that, and understand the basics of an engine, but I don't understand how every bit of a modern vehicle works, nor do I need to in order to achieve my goal. I'll give another example, I bet on horses and yes I'm quite good at it, but do I bet manually these days? No way! I had a bot created and it bets for me profitably. So, lately I have been getting used to the forex on a demo account and am trying to develop my manual trading skills, but in the long run, it will be an EA that does my trading for me. If that is an off the shelf one or a custom job, I don't care, it just has to do what I want it to do. If an EA can't make it in the forex, then I won't be trading it either manually. After only a short time studying this market, it is obvious to me that consistent profits can be made as long as some very tight rules are followed that include much historical, demo and finally live testing. If after all the study and testing nothing does work, there will always be the 2:15 nag at Folkstone to have a go on, lol. All the best, happy trading.
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