Algorithmic Trading

Discussion in 'Automated Trading' started by birzos, Sep 29, 2016.

  1. #22     Oct 3, 2016
  2. Zzzz1

    Zzzz1

    You believe this method worked even if you sat a rocket scientist or master trader to implement it exactly as described? If not then the system is not "out there".

     
    #23     Oct 3, 2016
  3. 931

    931

    #24     Oct 4, 2016
  4. birzos

    birzos

    There are very few, ie. handfuls, of transferable methodologies around, all others will have the individuals psychology built in to them. If you can find someone with a methodology and their psychology roughly matches it provides a good starting point to then adapt, but for everyone else as there are millions of combinations it means "you're on your own". It doesn't matter if it's a prebuilt system or just general advice, it all follows the same approach, algorithms just magnify the effect 10:1.

    If you don't understand to the absolute detail why they made the decisions they did the system will not be profitable to anyone else, and even if you do understand even one small variance and it can be the difference between profit, flat and loss. Can attest to that, use a transferable discretionary methodology and in the summer haze of taking it easy forgot one very small detail, so instead of being +20% in September am flat for the month.
     
    #25     Oct 4, 2016
    931 likes this.