MDunleavy

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2013~Apr~28

http://www.scribd.com/doc/137470390/Manual-Forex-Trading-vs-Automated-Forex-Trading-%E2%80%93-What-is-Better
https://docs.google.com/file/d/0BxxKzvQ2GlM8NDF0MGNIZDJyUUk/edit?usp=sharing
http://img213.imageshack.us/img213/2120/2013apr26.pdf



Manual Forex Trading vs. Automated Forex Trading – What is Better? Forex robots have, and have always had, both fervent supporters and opponents. People, who argue againstusing Forex robots, bring forward the following argument: only a human being can make the right decisionbasing on his accumulated experience and acquired knowledge. At the same time, supporters of manual tradingclaim that you should have a clear trading plan, a clear market entry strategy, stop-loss and take-profitplacement rules and a market exit strategy. In my opinion, these two statements contradict each other. If a trader should be guided by his intuition and emotions at making decisions, he doesn’t need any rules. On theother hand, if a trader follows strict rules and can formalize his strategy, I think it would be a reasonable decision to automate this strategy. I’m familiar with many supporters of manual trading, who use scripts andexpert advisors, simplifying their task. I.e., generally speaking , they’re midway to complete automation – a Forex robot...

Expert Advisor  MT Indicator  Forex  Software  MQL4 Coding

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