How Is Prodigy Automation Different from the Prodigy Indicator?

While both the Prodigy Automation and Prodigy Indicator are designed to simplify trading and boost profitability, they differ in how they operate and the level of control they offer:

1. Hands-Free Trading vs. Manual Control

• Prodigy Automation:

  • Completely hands-free.
  • Trades are automatically placed based on the predefined strategy, making it a "set and forget" solution.
  • Ideal for those who prefer a passive approach or don’t have time to monitor the markets.

• Prodigy Indicator:

  • Provides buy and sell alerts but leaves the decision to you.
  • You control which trades to take, offering more flexibility and manual oversight.
  • Suitable for traders who want to actively manage their trades and customize their strategy.

2. Trade Execution

• Automation: Executes trades automatically, including setting stop losses, take profits, and calculating lot sizes based on your risk settings.
• Indicator: Alerts you to trading opportunities, but you must manually enter trades and set stop loss/take profit levels.

3. Customization Options

• Automation:

  • Default settings are pre-configured for consistent performance (e.g., USD/JPY, 1:2 risk-to-reward).
  • Offers additional customization, like risk per trade, trading times, symbols, and trailing stops.

• Indicator:

  • Offers no automation but gives full control to modify trade setups and strategies manually.

4. Trading Experience Needed

• Automation: Beginner-friendly; no prior trading experience is required since the system handles everything.
• Indicator: Also beginner-friendly but requires a bit more involvement and decision-making.

5. Purpose

• Automation: Perfect for those seeking a hands-free trading solution that requires minimal effort.
• Indicator: Ideal for traders who want to stay involved and have more control over their trades.

In summary, Prodigy Automation is the ultimate tool for hands-free trading, while the Prodigy Indicator is better suited for those who want more control and flexibility in their trading journey. Both are powerful tools—you simply choose based on your trading style!