Man vs Robot Forex Trader

Man vs Robot Forex Trader
List of Pros and Cons
Forex traders have always debated the trading method which is better: whether financial market trading manually or better using trading robots?
Many people may be very stubborn about this regardless on which side they choose, so before I give you the pros and cons of human traders and trading robots let me give you a few words as the big picture of the robot.
Trading robot I see not only the people that you may know, the people who provide benefits silly, and the people that you and I would call it a scam as soon as we saw the website. Yes, robots they exist and they seem to be popular, but this is because many people are looking for a shortcut to riches. So long as there is demand for these products will always be someone who tries to sell them.
But what I would describe as a perfect trading robot is one that you create yourself. You might be a programmer who menghabiskanberjam-hours, weeks and months to create a robot that works for you, or you can be a manual trader who has his own trading strategy that is programmed into the robot from a skilled professional programmer.
So in other words I see a trading robot as a computer software designed specifically for the requirements and follow your trading rules. So as another version of you, it's just automatic and all it does is analyze and trade in the financial markets 24 hours a day. You can also spend 24 hours a day, but obviously this will not last long.
And also have in mind that trading robots can be fully automatic or semi-automatic can. Robots can also be fully automated, but you can turn on and off whenever you feel the need to do so. It's like having an employee who never sleeps and never get emotionally and just do what you tell him to do.
Some might call trading robots as automated trading systems, some may call them expert advisors (term MT4), others just call them robots Forex-no matter what name you use to describe computer software that can be semi-automatic or fully automatic, they can be programmed to make your life easier.
Advantages of Automated Trading System (Robot)
Let's start with the advantages of using automated trading systems. Remember that each trader is different and what works well for other people you know in the business, now may work well for you. We all have to figure out their own ways of trading.
1 Operates on a set of rules without greed, fear, ego or prejudice.
Unlike humans, robot trading will never be misled by emotion, and is not affected by the psychology of traders. Transactions executed automatically after trading rules are met. It follows all the rules of your trading no matter the market conditions. It will not cause panic in the trading loss or revenge after a big loss. It's not going to jump back in the market after a big win to make more money. It plays your rules without blurring the trading process with emotion. Let's face it, as humans we are essentially emotional beings and it is not uncommon to get emotional as when we suddenly lost trading and this can affect our performance when we put the next trading, but with robot you can be sure that all the rules followed regardless of any previous transactions.
Automated trading is the best way to build trust on the market to prevent emotional and psychological problems of influence trading decisions.
2. Monitor the markets 24 hours a day.
Let's be honest here also because some people just do not have time to trade because of their busy schedules. Some of those same people look to robots for their trading because of the huge losses they face today.
You do not have to worry anymore if you have missed some trading opportunities for forex robot will do the monitoring for you. Automated trading system can take the trading day and night, and do not miss trading opportunities. He monitors the market for you every second without any intervention. You do not need to be glued to your screen and analyze appropriate chart close enough to the manufacture of a potential trade. Your EA gives you the power to monitor dozens of forex pairs at once with the ability to identify and react to trading opportunities. It can open and close of trading according to your trading strategy when you are involved in some other human activities. This is a great way for you to save time and perform business or other activities more profitable. Simply put, you do not need to be a slave trading metaphorically in order to gain some advantage.
3 Identify and react to opportunities faster.
Into or out of trading a few seconds earlier can make a huge difference in the outcome of the trade. A Forex robot trading in a split second to execute and profit from sudden market movements. He uses a computer to monitor the speed of the market and identify trading opportunities based on the rules of the code, and execute based on the rules in a split second. Once a position is entered, all other orders are automatically generated, including stop loss and profit target. You will see that you will never run out of trading opportunities.
4. Consistently doing trading plan.
It is true that the ability to stick to the plan make the difference between a profitable trader and the trader is not profitable. With automated trading, you are convinced that a robot really disciplined to stick to the plan no matter what the market conditions. Robot is designed to stick to the plan without exception. If you think you can not stick to the plan at any time, if you are using a robot, you do not have to worry any more about this because the robot expert with it.But this is also a big loss when very sharp market movements or trading style which does not correspond to current market conditions. We will discuss this more later, but make sure not to rely on the 'discipline robot' is too much.
5. Implement error free trade.
Even more remarkable when you use a robot is a robot will not only remain in a trading plan, but will always be trading right. Robots will not sell order when should buy order, the robot will not enter the lot is wrong and will not take into account any parameter stop loss and take profit. If you own trading there are times when you will make a wrong execution, but with robot you can avoid this.
Note: Sometimes the robot can be in an error.
6. Trading diverse.
If you are looking for ways and means in which you can maximize your trading potential in such a way so that you can trade more in a moment, then forex robots are the answer. Robot monitors dozens of currency pairs at a time and do it more efficient and convenient than manual trading. Robot has the ability to scan a wide range of trading opportunities in the market, generating orders and monitor trading. It also gives you the power to trade in multiple accounts or multiple strategies at a time. This may sound incredible to you, but for this robot could really be done.Advantages Compared Trading Automated Trading ManualAlthough automated trading has all these advantages, I can still say that we can not underestimate the advantages of manual trading because it is based on the innate human sense that robots do not have it. Here are some of the best points that you can consider as well.
1. Menantangan discipline and your psychology.
Like what I have pointed out earlier, automated trading programs offer several advantages over the human mind, especially in the field of trading psychology and emotional trading. However, the only major thing that belongs to human beings is to have a human trader pick the brains and robots. Basically means you can use your brain to learn trading all existing knowledge and using this knowledge. And, the robot is basically an idea that comes from the human mind.
2. Perform a perfect decision or near-perfect.
You should know that although the robots can perform tasks that are incredible, man can even do more than what the robot did. Where trading robot can only execute trades based on pre-defined conditions, people can take into account everything that happened, including the fundamentals that may occur suddenly, and process them all simultaneously. Robot trading is not read and interpret the news and this is an inconvenience because the news is part of a very important and plays a very important role in forex trading. Thus, you can actually use what you see on the news to your advantage because your brain is more flexible and can adapt to sudden changes like a robot programmed from scratch.
3 Some rules must be broken
Robots work by following the rules and systems and they also have the mindset if we can call it that, unlike the human brain could read a sign in more depth. This is the reason why humans can see if the market moves awkward, slow or too erratic and open trading. Most robots are mathematically based and works well in trending markets. Most vulnerable and being screwed themselves when the market becomes unstable or move sideways. So the robot has an inability to adapt well to the market.
4. The robot always lose "sixth sense"
Lastly, as a robot that does not have emotions, they do not have "intuition" as held by each trader because it includes important in the trade. Most of the Forex trading success is the element-feel, and it's really something that you need to develop.
Those that have this capability will not rely on the performance of the robot in trading. They are skilled traders who are accustomed to manually make a profit in the market. Some are using trading robots can get good profit if they traded with sound risk management and 'lucky' with their robot.
Trading Robot vs Manual Trading
I believe that forex traders have one thing in common and that is, finding the best way to maximize their profits. As a forex trader for many years, I have to try and see what works best for me through a series of trials and testing. Actually, no method is right or wrong of trade because it depends on each individual. Some traders say that trading robot has served them well, while others still prefer to trade manually because it is the most profitable for them. If you think deeper, traders have their own reasons why they use a particular method. After weighing the pros and cons, I finally found what I as the most profitable merchants and the creator of the software. To help you make the right decision and gives you a good idea about how to choose a trading method that works for you, here are some points that you can learn:
If you have never used a robot to trade, have you ever wondered why some traders use them? There is something really interesting about the use of robots. Basically, the convenience of using robots is what sets it apart from the trade manually. Many perceived difference between using a robot to open / close trading orders, and become an active human trader.Using robots to automate the trading process so much so that there's a particular platform allows traders to view other users' strategies. This is technically considered by some traders trading robots. User input is not required unless the user chooses to add to their portfolio strategy and then activate it. The software will then oversee the incoming signal from the strategy. When a person is detected through signals, trading opened on the account that match the signal account. Statistics for each of the strategies available for research purposes and the recent performance history is easily accessible. With this feature, you just need to decide what strategy to use and let the robot (or traffickers on the other side) to do its job.
That's what I did on Vavatrade. I sell trading signals generated my trading robot automatically.
Note: The great danger with this strategy is that, past performance does not guarantee future profits. Even if the signal providers or the robot has done well in the past, it does not guarantee profit in the future.
Trading robot can take into account the data of the technical indicators such as the stochastic oscillator types, the Moving Average Convergence / Divergence (MACD) histogram indicator, a key Fibonacci retracement level, support and resistance levels and pivot points. Seems to be no limit to how complex trading robot can succeed at the hands of a skilled programmer. In this way, forex trading robot is very flexible and can generate huge profits with minimal involvement from the merchants. If you want to trade but do not have enough time to do it yourself, it will be a lot (during the robot favorable course) will help you.
Although trading robot can be beneficial in some aspects, you must remember that the "coin has two sides" and this also applies in trading using the robot. Robots do not take into account the movement of funds in the account.Of Robots can be programmed to analyze price movements, but they were never going to do it in a way as can be done by humans. There is no trading robot that can see a graph like humans.
ConclusionHow much time can you Commit to trading? How much effort are you willing to put in? How much time you can afford to spend on trade? Many traders enjoy watching the charts, indicators of learning techniques and patiently wait for events big news or press releases. Using robot actually remove these factors for traders and therefore may not be suitable for everyone's preferences. If a trader looking to make money with no involvement, trading robot may be the right choice. However, if traders enjoy the process of searching for the trading and make a judgment call based on the information they see in the graph, the robot may seem boring to them.
It seems pretty clear that if you are the type of trader who does not mind spending a little time or even more and enjoy the process of analyzing the indicators and graphs, then the robot forex robot will not be any use to you. However, if you do not want to delve deeper into the trading process and would rather spend more time watching your favorite sports on TV while receiving a couple of wins and losses trading, forex robot may be that you just need after all this.