Thank you Xela for your thoughtful post. I have no plans to invest my money in any system at C2 as an investor. My goal is to develop, back test and live trade my own automated trading system (s). I was wanting to know how I can verify for my own curiosity that they are retail traders out there who actually make decent money year to year with automated trading. C2 was my one of my sources, I was just curious how to trust the data presented. I will look more in depth into it Thank you.
Thank you FreakofNature, Can you explain it bit? I am not sure I understand. What do you mean during his sales pitch?
The answer is yes, there are plenty of systematic traders that have been making money, recently and long term. I am one of them. Your mileage will vary, of course
Make haste and paint them gray again. We operate in a gray fog of uncertainty. Nothing is black and white.
Sure algos can make money in trading and will always out beat humans in terms of quantity. But it is a big challenge to program an algo and something that in my opinion can not be done with the retail platforms like ninjatrader. You have to program your own framework and backtest engine because the complexity of the trading decisions is much more challenging than the retail platforms could handle. The big point with algo trading is that first you have to learn how to trade and understand the markets. How to read the price movements and the market psychology and how to spot entries and exits. Also order management is very important and that is where you will get in trouble with the retails platforms. Developing an algo is like building a self driving car. First you have to know how to drive a car for yourself and then you can write the software to do it for you. You can not hope that an algo will teach you how to drive.