I’m confused why everyone here is so anti-automated trading and pro-manual trading.
I personally think that automated trading is an awesome way to trade. It’s obviously hard sifting through all the false hope and bullsh%# hype, however surely it’s easier to follow a discretionary system rather than learning the craft yourself?
MT4 allows so many possibilities to follow other traders using a trade copier or automating your own strategy so you don’t need to sit in front of the screen for hours.
I understand the need to learn the basics, however the leap from being an average hobby trader to a professional that relies on trading as a source of income is HUGE in my experience. Hour for hour I think that it’s better to invest time into developing an automated system or researching the market for a reputable vendor.
I’m keen to hear others thoughts on this topic. Have other successful manual traders tried unsuccessfully to automate their strategy? Do you use a semi-automated system?
The only time people talk about EA’s or automated trading they are selling something. Why not have a forum area that is Vendor friendly? Then at least we could discuss it openly and if people post marketing content they can be moved to this thread?
I think it’s a shame there is so little here on automated trading when I personally believe it’s the best way to make money in this game.
Yea guys will always be selling an EA and usually vanish after making their sale. Later on the EA fails and we end up with a group of angry guys who hate EA’s. However the main problem is that many of these never work at all. After all if I have a goldmine, why would I sell it?? doesn’t make any sense at all.
Most of the EA are scam and you are bound to loose money thats the reason why many people hate EA.But certainly there are few good EA in the market which are indeed very helpful.
Ea are great . The idea of the computer making you money - but the only one that work cost million and so they should . Any thing you can buy for $30 is a waste or money . If it was so good why would you sell it . You will sell it to a bank or huge money farm investment fund for millions .
Most ppl out there are just trying to rip other off
I agree, if you have a solid system you’d be crazy to sell it for a few dollars.
What about manual signal providers? You pay a monthly fee for access to the signal, so they have motivation to continue to trade profitably so they can retain their customers.