Haha... thanks. Sweet.Originally Posted by ;
Within the PF some time ago I posted is here I'll stick out to the gang. It is something to ponder!
For a recap of the jist of these replies it was reasoned that the basic reason for trading is to earn money, so any fair tool which will aid in that understanding is justified. That made me feel better about the entire thing. At that time I had the notion that trading with the EA was not trading at all. Grin.Originally Posted by ;
: ) Thom
If you think systems operate, automated trading is the way to go as a result of the fact that it eliminates feelings.
But was stated before ( I believe IT will be stated again) If I didn't Build it, I won't trust it.Originally Posted by ;
How many are able to place their personal thoughts into code?
While I can add nothing to the conversation regarding automated trading, I am discretionary, I can say that spending time in front of these screens is always beneficial to my trading. As a colleague is always fond of saying -'I can add value by sitting down at the screens, once I think, I get up and walk away.'Originally Posted by ;
Regarding automated systems, I actually do not know anyone personally who does it but do understand that the big Managed Futures firm Winton Capital in London is automated 100% and their track record is spectacular. I met with some of the staff and their roster has been stat and mathematics folks - not a trader among any of them.
That being said, I would surely be interested in hearing about different ideas/approaches.
Bodes well for us techies. Nerds with Personality Perspective yeah yeah, I knew I had been pushin' it with the Character bit.Originally Posted by ;
Im not so sure about currencies, however know about wallstreet its a well-known fact that the automated methods are taking enormous cash from the market. Dont have a cite, but I believe something like 80% of volume on ECNs like arca and brute is accomplished by automated systems.Originally Posted by ;
One of those classic methods is the automated version of what turbokaos is famous for doing. Placing limit orders much off the market, attempting to ch somebody throwing out a market order if they shouldnt be. You can observe these orders at work on the order publications, constantly shing about looking for a sufferer!
I believe that the real question is:
Do you wish to be a trader or a computer programmer who understands about trading?
Let's face it, if your robot is performing your transactions for you, then your robot is a trader and you're the programmer of a trading robot.
A trader believes the psychological aspect towards his/her trading; a person who designs a trading robot, feels emotion about how his/her robot performed with his/her money.
Regarding the efficacy of EA's: I am sure you will find profitable ones out there, but I have yet to find one which stands the term of time.
Personally, I will trade manually for life.
I would disagree. Traders that are successful feel no different if they lose or win. Does not matter. An automated system is not anything more than a method to, make money while I sit on the beach.Originally Posted by ;
People laugh at the announcement. But I know people who take action.
IMO, there is nothing greater than to come back home from work, check the P/L, think to yourself, Well that is cool, I made X today., and go back downstairs and revel in a movie with the wife.
Now is it enjoyable to exchange. Heck yeah. There is nothing greater than using an automated system doing it's thing, and maybe trading on the hang seng every night to get just a intraday. That's pleasurable.