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l think auto trading is different than PAMM or COPY TRADE system which instaforex is offering.with these systems you will attach your account to another trader and you account will copy his trades without your intervention.and you will pay commission if he will profit.so instaforex will be middleman here.but auto-trading is using EA for trading .it means trading with robots.
Dear Seniors
Please suggest a suitable Auto trade for me as i am fresh in forex trading and don't mush about trading softwares.
i believe in automated trading system but does not like to trade personally. forex market is continuously changeable. so we need to keep eagle eye on the market situation. other to do automated trading require more equity which i do not have now.
expert advisor or robots are meant to be use by professinals only, so if you're still very newbies, it's very recommended if you start the manual way first. understand the basics and try to develop your own simple strategies. after you manage it then you can think about using expert advisor.Quote:
Originally Posted by srasool
in my view auto trading is not good.
we can not learn nothing in auto trading. in auto trading there is no manual trading technic EA and robot trade based only their trading concepts.
may be we got loss when news is too strong and we have less margin.
yes i do, provided you know how the market moves in different situation and you are able to tweak the robot or EA to suit it. Its another advantage is the total elimination of emotions in trading because the robot trades as per the set of rules provided with it
I think auto trader is a robot that can represent us in taking a position on the open market when we can not do it alone. Thus it is actually very helpful, but for me the best system for trading is a manual system is the best of the best
Yes auto trade is a kind of short form for automatic trading. It means that we would relax and a trading software would take all the trading decisions for us. This is not too good since it does not allow us to learn.Quote:
Originally Posted by mhchomsi
I prefer trading manually, because it involves common sense and instincts of man. all it is clear that the market is driven by humans not machines so the market pattern is the pattern of human desire. for that auto trading is never used by big succes tradersQuote:
Originally Posted by adil.iub
Auto Trade in my opinion is a positive thing, if done by a trader who has matured in the understanding of Forex Trading. Before he runs a program of Auto Trade, he should have considered the conditions or requirements that are different from Auto Trade conditions he has. Money management, especially in terms of durability of capital, and the decision of when to exit. And all that he put on the setting of Auto Trade will he run.