So much discussion about automation on the forum

A place to discuss anything.
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xtrader16
Posts: 411
Joined: Sun Feb 26, 2017 1:00 pm

Kai wrote:
Thu Sep 03, 2020 2:36 pm
xtrader16 wrote:
Thu Sep 03, 2020 2:00 pm
https://www.youtube.com/watch?v=m15tW09BBXo

This is Manual Traders v Automation waiting for the +05:00 countdown stops around +02:00.
Seriously, why not focus on what manual does best and not what it can't do, which is maybe directly compete with automation? Why not just look for the positives and opportunities instead of dwelling on the negatives? :) I don't get it.

You just end up as your own worst enemy if you personalize every trade.
Who 'personalises every trade' it baffels me where people get these bold statements from. We live in a world were people think something, say it out loud then belive it to be true no matter what because they said it out loud. How did Society get to this point?

My point is Automation controls the order flow. Nothing more.
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Derek27
Posts: 23676
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

xtrader16 wrote:
Thu Sep 03, 2020 2:00 pm
https://www.youtube.com/watch?v=m15tW09BBXo

This is Manual Traders v Automation waiting for the +05:00 countdown stops around +02:00.
You're living in a world as fanciful as the clip you've just posted.

I've heard a so-called 'pro' trader say you can make a lot of money trading tennis but horse racing is impossible. Some people are under the delusion that if they can't do something nobody can!

A good manual trader can make a fortune whereas a bad botter would lose a fortune, and vice versa - we all have our strengths and weaknesses. The main advantage of automation is that it can run 24/7 on several markets simaltainously, thereby increasing the volume of trades. I would guess botters have a smaller profit margin than manual traders and are relying on bulk.
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Derek27
Posts: 23676
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

xtrader16 wrote:
Thu Sep 03, 2020 2:47 pm
Kai wrote:
Thu Sep 03, 2020 2:36 pm
xtrader16 wrote:
Thu Sep 03, 2020 2:00 pm
https://www.youtube.com/watch?v=m15tW09BBXo

This is Manual Traders v Automation waiting for the +05:00 countdown stops around +02:00.
Seriously, why not focus on what manual does best and not what it can't do, which is maybe directly compete with automation? Why not just look for the positives and opportunities instead of dwelling on the negatives? :) I don't get it.

You just end up as your own worst enemy if you personalize every trade.
Who 'personalises every trade' it baffels me where people get these bold statements from. We live in a world were people think something, say it out loud then belive it to be true no matter what because they said it out loud. How did Society get to this point?

My point is Automation controls the order flow. Nothing more.
You're baffled?? :lol: I was baffled as to what a sci-fi clip has to do with trading. :lol:

So, if a manual trader chucks £10K into the market it has no effect on order flow, but if a bot places exactly the same money in the same place that does? :?
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Derek27
Posts: 23676
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

xtrader16 wrote:
Thu Sep 03, 2020 2:47 pm
My point is Automation controls the order flow. Nothing more.
So you no longer feel manual traders don't have a chance or are at a huge disadvantage?
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Kai
Posts: 6228
Joined: Tue Jan 20, 2015 12:21 pm

xtrader16 wrote:
Thu Sep 03, 2020 2:47 pm
Kai wrote:
Thu Sep 03, 2020 2:36 pm
xtrader16 wrote:
Thu Sep 03, 2020 2:00 pm
https://www.youtube.com/watch?v=m15tW09BBXo

This is Manual Traders v Automation waiting for the +05:00 countdown stops around +02:00.
Seriously, why not focus on what manual does best and not what it can't do, which is maybe directly compete with automation? Why not just look for the positives and opportunities instead of dwelling on the negatives? :) I don't get it.

You just end up as your own worst enemy if you personalize every trade.
Who 'personalises every trade' it baffels me where people get these bold statements from. We live in a world were people think something, say it out loud then belive it to be true no matter what because they said it out loud. How did Society get to this point?
Surely you're talking about your own bold statements with that? Because they are the boldest by far : "Professionals use Automation - Amateurs trade manually. Decide which one you want to be."
xtrader16 wrote:
Thu Sep 03, 2020 2:47 pm
My point is Automation controls the order flow. Nothing more.
True or not, I don't see a problem with it either way?!

If something is automated and programmed to behave in a certain way it usually means repeated behavior, which means traders can recognize some of these patterns, which in turn means the patterns provide some of the best opportunities, which obviously means they can be actively traded and taken advantage of.

So, like I said, don't see where the problem is. If everything was completely random and beyond erratic, then the markets would be an absolute nightmare for all of us. Luckily they are not, because they a direct reflection of our strongest two emotions in fear and greed.

In other words, if you're saying that bots are ruining your day on the markets then I probably believe you. But people on here might have a problem with these sorts of dangerous generalizations offered as advice to newcomers like OP. You can understand why Peter was ticked off by that, not to mention Derek!
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

Kai wrote:
Thu Sep 03, 2020 2:36 pm
xtrader16 wrote:
Thu Sep 03, 2020 2:00 pm
https://www.youtube.com/watch?v=m15tW09BBXo

This is Manual Traders v Automation waiting for the +05:00 countdown stops around +02:00.
Seriously, why not focus on what manual does best and not what it can't do, which is maybe directly compete with automation? Why not just look for the positives and opportunities instead of dwelling on the negatives? :) I don't get it.

You just end up as your own worst enemy if you personalize every trade.
Conspiracy theory syndrome init.
If it's too complex to comprehend then simplify it until you do, ideally finding one person to blame to make it even simpler. It's why >30% of yanks deny Covid exists and therefore any vaccine injection MUST by a front for Bill Gates to inject chips in everyone. >50% for Fox News viewers. Foreigners and 'weird' religions are a popular scapegoats too, and in this case it's some sort of robotic threat.

Once someone has gone down that wormhole it's hard to get them back.

More and more of my wife's patients are being referred for this type of behavior, so I can see the parallels.
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Derek27
Posts: 23676
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

SSR use automation for their graphics when their staff have gone to bed, and as a result, there's a flipping big Donald result graphic stuck on the screen for the last hour, so you can't see any racing. A manual editor would have switched it off!
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Derek27
Posts: 23676
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

xtrader16 wrote:
Thu Sep 03, 2020 2:00 pm
https://www.youtube.com/watch?v=m15tW09BBXo

This is Manual Traders v Automation waiting for the +05:00 countdown stops around +02:00.
Instead of using fictitious events to try to make a point, use real ones.

https://www.theguardian.com/football/20 ... p-coverage
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