Auto is the motto.
Keep some pivotal stuff on manual, though.
It’ll give you something to do.
Because it’s pivotal stuff, it decides direction, or quantum, or what have you.
Position-sizing is ideally done on auto.
You can write an algorithm for it too.
You can take auto to the nth level and then some.
Keeping position-sizing on manual, though, for example, makes you remain in touch with portfolio expansion or contraction. Central.
In my opinion, setting risk:reward is a trade to trade thing, and depends upon the underlying chart. Hence, being manual here gives more dexterity.
Same goes for setting stop-losses.
Which auto strategy to look at, when, is by default a manual thing. It should be, anyways, in my opinion.
This adds spontaneity to life.
Spontaneity has a certain freshness to it which makes work fun.
Some strategies are better off when not looked at for days.
Manual helps here.
When an auto strategy stops working, one needs to manually fit it to work again.
If the strategy needs dumping, you’ll need to see to this yourself.
Creation of a new strategy – you got it – manual.
The manual stuff keeps you moving, and fit.
The auto stuff just goes on auto, and if that’s all there is for you, you’re going to start getting lazy.
Befriend manual, but don’t become a slave to manual.
A little bit of manual is a good thing.