OdiliaHackler365

Five top reasons to consider automated trading

greg adams - There are five reasons why I prefer automated trading or algorithmic system type trading. It can help me follow my trading plans and frankly I do believe of myself less being a trader and much more being a portfolio manager. Here are some reasons why:

1. Remove the Emotion - Some say trading is 90 percent psychology and 10 percent your plan, I don’t really accept that but let’s express it is true, then, in the event you automate your software system perhaps you have removed 90 percent of your problems? Traders hesitate to pull the trigger, or get impatient and start too soon. Regardless of how much you think you are able to train your brain to be more disciplined, you'll always be human. Why don't you utilize the computer for it’s strengths, as a robot, and let it execute your trading plan to suit your needs.

2. Backtest Within minutes - Normally it takes hours or days to endure many years of charts looking for your entry and exit points and marking the outcome in the spreadsheet. Using a automated trading plan you can run a test within seconds and see the end result during the last couple of years, including percent success, quantity of stopouts consecutively, average pip or tick profit per trade. Then you can get one of these variation of one's idea like a larger profit target, and again start to see the effect, within seconds. - trading coach

3. Step away from the computer - have fun with the markets as you position the kids to fall asleep, have dinner, and require a call. Even though you may do not have the time and energy to trade, you could have your trading plans running via automated systems.

4. Multiple trading plans running simultaneously - How many markets and charts can you watch simultaneously? Some traders joke how the method to fix a negative trading patch is to buy more monitors and put more charts to them which means that your office looks more essential. Whenever you automate your trading plans you can enjoy positions being taken on a few pairs at the same time for independent reasons. In fast paced markets its best to be capable of do 2 things at once.

5. Place Trades As you Sleep - 8 hours uninterrupted sleep in a pitch black room with the same bedtime nightly is important for sharp thinking in the daytime, yet few transform it into a priority. Ever notice the better times to trade might be between 10pm and 6am? The idea that you’d let some type of computer trade your plan when you sleep may be unsettling for some but here’s how I view it. Firstly Irrrve never risk more than 1 percent of my trading account on any 1 trade, and secondly I go for moves available in the market that last longer than 8 hours, therefore if anything would have been to ever fail this would only be 1 percent of your problem so when I acquired in the morning my open position would probably be in doing my profit preventing area, plus my profit and prevent are placed at time of entry and turn into using the trade till it closes out. Having traded as i sleep for years now I seriously have fun here as you can’t think it over once you sleep, so that you just let the maths and statistics do their work. - greg adams