Thread: Does Mechanical Trading Bring Peace of Mind?

I am a full time employee and it is impossible for me to stare at charts a few hours every day to enter or exit trades. Therefore I chose to approach trading.

At first it was really tough, but finally I was able to construct a system which works for me. I believe I'm relieved. I am not scared of dropping a few trades like I know my system wins and sometimes sometimes loses.

I installed my trading station on a Virtual Dedied Server (VDS or VPS) therefore I have no issue with internet connection. I check a couple times every day to the status of my trades. I chose to reduce this number to a few times per week. I have time to learn more about Forex and focus on understanding different techniques and systems and probably build a much better system in the future.

What about you personally. What do you consider Mechanical Trading?

Originally Posted by ;

Exactly, the rules are great, but not fixed, it the mathematical manner. There are plenty of times when you need to decide. Not you, your experience.

That is exactly my point also. You can't ensure that your subjective conclusions are correct if you aren't experienced. You don't have any way. That's why mechanical trading is a means for new traders. This will help them to remove their way of judgment. My purpose is that guide trading is very good for people only.

Originally Posted by ;

That is my point also. You can not ensure that your subjective decisions are right if you aren't experienced. You have no means. That's why trading is a method for new traders. This will assist them to eliminate their unexperienced method of judgment. My point is that guide trading is good for individuals that are experienced .

If you don't have sufficient experience you won't make money! A mechanical system isn't the difference. You have to make experience.

Originally Posted by ;

In case you don't have enough experience you won't earn money! A system is not the difference. You have to make experience.

A fully automated mechanical method is separate of your expertise. A successful system will make money regardless of you are experienced or not.

Originally Posted by ;

A totally automated mechanical system is independent of your experience. A successful system will make money no matter you are not or experienced.

I think that mechanical trading still needs experience to participate in Aparsai, the reason you are (and today me, thanks to you, haha) doing well along with your trading is because you used your experience in the markets to develop a system to look after trading to you.

Any mechanical system remains a system, and a system is devised by a person. It would reason that a individual with experience in trading should program a better system that is traded mechanically and thus, add to their portfolio of trading tools. I'd be willing to bet that you have at least 2 to three systems which you exchange, Aparsai?

I personally have two distinct mechanical systems set up and I trade a third by hand. The reason there are a lot of systems that are powerful is simple: the purpose of trading isn't proving you are wrong, but proving I am right, which shows up in our profit margins. And because there are many systems that work, why not try and make the most of them? After all, it requires more than just a hammer to build a house!

Originally Posted by ;

I believe that mechanical trading nevertheless requires experience to be involved. Aparsai, why you are (and me, thanks to you, haha) doing nicely with your mechanical trading is since you used your expertise in the markets to develop a method to look after trading for you personally.

Any mechanical system is still a method, and a system is designed by a person. It would reason that a individual with expertise in trading must program a system that is traded mechanically and consequently, add to their portfolio of trading appliions. I would be willing to wager that you have at least 2 to three systems that you exchange, Aparsai?

I personally have two different mechanical methods in place and that I still trade a third by hand. The reason there are a lot of powerful systems is simple: the purpose of trading isn't proving you are incorrect, but proving I am right, that shows up in our profit margins. And since there are why don't you try and make the most of them? After all, it requires more than only a hammer to construct a house!

I quite agree with you that a successful mechanical method is only produced by a knowledgeable individual. But if you are going to use it you do not need to be experienced, are you?

Originally Posted by ;

I really agree with you that a thriving mechanical system will be only produced by a knowledgeable person. If you are planning to use it you do not have to be experienced, are you?

The one problem with this thinking is that then you completely forego any accountable or critical thinking on your part concerning the system. I agree with the speakers bunch that inform everybody that in order to make a system function, you have to make it your own special blendsystems comprised. You have to take responsibility for whatever system you use. An EA does not preclude you. It is only doing exactly what you tell it to perform. It does nothing Should you tell it nothing.

Granted, things you could and/or do affect might be a little more restricted in extent with a mechanical system, however there are still plenty of things to be changed. Especially considering that systems that are mechanical by nature needs to consist of money management methods, which differ widely from person to person.

I am not trying to agitate you or flat out disagree with you, merely pointing out that the difference in opinions.

If you live in New Zealand, like me, then you have little choice but to automate your trading, unless staying up all night looking at charts then going to work the upcoming seems like a good moment. It is true that some things can't be egorized, that doesn't preclude from being great, the things which can be deducted.
Needing to work for a living (as a programmer), I'm pretty fried by the end of the day. Trading all night is significantly less than appealling at this point being tired is not a condition for making descions. I automated my trading, my computer put or doesn't revenge trade stupid trades after a bottle of wine. For me it is automation all the way, far less strain, much more $$$.
I was a shite hands on trader, I just couldn't get my feelings under control, half of the battle was recognizing this truth, everybody has to find thier own way.

Originally Posted by ;

The one problem with this thinking is that you then completely forego any responsible or critical thinking on your part regarding the system. I agree with the speakers bunch that inform everyone that in order to make a system function, you have to make it your own unique mix , mechanical systems comprised. You have to take responsibility for any system you're using. An EA does not preclude you. It is doing what you tell it to do. It does nothing, Should you tell it nothing.

Granted, things you could or do influence may be a bit more restricted in extent with a mechanical apparatus, however there are still lots of things to be altered. Especially considering that mechanical systems by character must include money management methods, which vary widely from person to person.

I am not attempting to agitate you or flat out disagree with you, just pointing out that the difference in opinions.

That is totaly fine with me. I printed these surveys to not convince others that I am correct but to learn from them and know their point of view. I love your feedback and DOF.

Originally Posted by ;

If you live in New Zealand, like me, you then have little choice except to automate your trading, then unless staying up all night taking a look at charts then heading to perform the upcoming sounds like a fantastic time. It's a fact that some things can't be coded, that does not preclude from being great, the things which can be deducted.
Having to work for a living (as a developer ), I am pretty fried by the end of the day. Trading all night is appealling being drained is not a fantastic condition for making descions. So I automated my trading, my computer does not revenge trade or place stupid trades . For me it's automation all the way, far less strain, far more $$.
I had been a shite hands on trader, I just could not get my feelings under control, half of the battle was recognizing this truth, everybody must find thier own manner.

I quite agree with you.