I actually have this objectively quantified....it's how my method works! It's based on statistical analysis of every time frame I use to generate signals. Been working for 15 years and counting. You're getting closer Surf....
If it is rule based, it is closer to quantitative trading than TA. If it is completely automated, then it is algorithmic trading, not TA. If it is hybrid, well that is hard to categorize depending on how often you override. TA to me, means subjective trading by mouse clicking, based on charts and indicator on those charts. The more it is completely rule based and completely running by itself e.g., on TradeStation or NinjaTrader of MultiCharts etc etc through an API, it leaves the realm of TA because it is no longer subjective. TA&PA=trading on the subjective interpretation of data QT=rule based trading, regardless of how you form your rules, through charts or not. Note TA&QT are blurred. AT=QT on a computer. Can be hybrid and still be AT.
The present....along with all movement leading up to that point.. Explain to us exactly how it is flawed?
TA can be either subjective or objective so long as the trader or algo is "analyzing statistics generated by market activity" to make trading decisions. http://www.investopedia.com/terms/t/technicalanalysis.asp If ones inputs into an algo are based on statistics created by the markets, then it's a TA based algo or, at the very least, contains some technical analysis.
Just about, unlike quantitative trading. I don't think that's a very wise route to go down when people can learn on their own, unlike your route with options: A - Hire 500 PhDs B - Message me If price and charts are what you are trading then yes. Oh..is a retail trader to open an institutional account? Work with what you have. Beats picking the least probable. Back to exposing your own flaws and lack of trading knowledge. If they succeed, yea..what is your point, exactly?
TA&PA=trading on the subjective interpretation of data QT=rule based trading, regardless of how you form your rules, through charts or not. Note TA&QT are blurred. AT=QT on a computer. Can be hybrid and still be AT. What you are doing is QT, which can encompass TA. If you also automated it, then you are doing AT. If you make the final decision by clicking on a mouse, then it is closer to the left. If a computer makes the actual trading decision, it is on the right. Note that the arrow on TA&PA point in both directions: Brain<--Subjective<-------TA&PA-->---QT-----------AT------>Objective-->Computer
Regardless of who is doing the actual trading, the system is still derived from market generated statistics.