Registered: Sep 2006
11-13-07 01:21 AM
Quote from pandabear:
Being a software engineer by profession and an avid trader, I believe automated trader is the holy grail.
Considering this I have been working on trading systems for a while but haven't been able to create a good intraday trading system (mechanical).
So recently I am considering a neural system would be a better approach to take.
So I guess what I want to ask is the following:
1. Do consistently profitable mechanical trading systems exists? (I am sure they do but does anyone here run one?)
2. What more profitable for the longer term? Mechanical or a neural system?
Finally, I think I am in grave need of mentor ship from someone who has or does develop a mechanical/neural trading system on a ongoing basis. What I offer in return is someone whose passionate about the financial markets and someone whose known to offer a different but valid point of view every know and then.
Automated trading is simply a manner of automating a bad strategy, so you can lose money more rapidly. Neural trading is a manner of forming a Rube Goldberg machine that somehow almost never works in the real world. Mechanical trading means nothing unless you have a serious edge.
Other than that...