All right, let's learn one by one:
1. Trading manually
This Model is a general trading and long used by the trader. Where the individual trader concerned trading in human. She herself that is open, close, or monitor.
Of each model is certainly has its advantages and drawbacks of each.
Advantages of trading manual:
- Flexibility in changing the rhythm of the trading, because after all the human brain thinking way/more responsive than the robot.
- In terms of cost is certainly more expensive, because it does not need to use the facility/provider to another.
- Faster to effect a system of trading.
Manual trading losses:
- Will be more time consuming, because inevitably you must monitor the price movement (continued) and the status of your open transactions.
- You must continue to develop the knowledge and skills of your trading, especially in the analysis in order to become a professional trader .
- The weakness of the human, where sometimes the trading system that has been planned since the dynamics of the rule infringed and the emotions that are affected by the trader psychology news stories and situations.
Model trading is more rare. Called robots, because this model can operate like a Robot. By using a Robot Trading software/applications can open himself, close-ups of itself, give the alert to us (email, voice, etc.). As of now it is popular in this model is the Metatrader trading platform where a trading robot is often called Expert Advisor (EA). Metatrader is the Basic applications provided by the forex broker for we can do forex trading. Well, if You want to bother more, you are given the facility (programming language) where you can create/add Robots that You've created according to the logical/trading system.
There are important things here you have to understand and do not get overturned. That Robot trading is based on a system of trading. If the trading system basis debatable is stable, tested, and profitable, then make a Robot Trading is something that is useless.
So if today you already have a system that is tested, to be the one if you think to make it into a robot (EA), obviously with the aim to make your free time more and more and not at all times kept in front of the monitor.
The requirement to make a Robot Trading:
- Must already have a trading system tested, stable, and profitable.
- To start to learn a programming language of the application robot that we use. As an example if you are using metatrader, then to be learned is the MQL (Meta Query Langguage) which is the language coding Metatrader.
- For those of you who have basic knowledge and experience as a programmer application computer, it will be easier in the analytical study. Because this also uses the structure of MQL programming language such as in General.
- It is possible for those of you who find the Metatrader trading in addition to the application, they will have different Robot-making system.
The process of making this robot can be so complex and long. Because later this Robot is expected to able to apply what's been your trading system (analysis, the decision, the analysis, logical) into the application automatically. Plus, you have to really understand the programming in order to get a robot that the more perfect.
That may be of interest now is, there's EA/Robot trading is already so. And these dollars. You could try googling and looking for ' robots ' or ' metatrader EA '. You will find a lot there. There is a cost to millions and even free (e.g. in a forex forum).
3. Automated Trading with Auto Pilot/Peer 2 Peer
Model trading is based on its function can be inserted into the type of automatic trading. If using EA/robot then scripting more dominant factor.
In the model of Auto Pilot/Peer 2 Peer is all so much easier, because the signal/trading systems already exist and we live determine just where we want to apply or follow. Some brokers who provide this facility are:
-Alpari: in Alpari we can follow the trading of professional traders (PAMM), or from the collection system of trading (Systematic), or integration into the trading signal provider (ZuluTrade).
-Trading system Collection | FX trading: (Ava Auto Trader), or integration into the trading signal provider (ZuluTrade).
-Zulutrade: Zulutrade as a signal provider is working with several trading brokers where the system was later connected to form a automated trading system.
So in the automated trading this model usually there are three main factors:
1. Brokerage
2. Trader (You)
3. Signal Provider (another Trader, systems, etc)
Automated Trading has several advantages:
1. Not too time-consuming. You simply spend a little time e.g. weekly to search and analyze a trading system, trader which good according to professional and that you apply in Your automated trading.
2. Does not require knowledge of forex analysis (technical & fundamental), as you analyze the performance of the system is/trader/individual. However the General knowledge about forex and analysis remains important. Should you still steeped in knowledge of this in your spare time.
While the lack of trading models are:
1. Less supple, we cannot decide when we will open transactions. So stay abreast. However there are several such systems in zulutrade
2. Cost per trading more expensive, due to the existence of the Commission/the part that we have to pay the signal providers/systems.
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