It is systematic rajesheck in the sense it can be readily automated. Any insights/research are all gone once you turn the switch on for the algorithm. Unless I'm missing something, can this strategy be fully automated or not?
I doubt if the existing automation platforms could automate this strategy. Trading is a unique business. And any business needs business skillset. Either we need to be a natural trader or develop trading skillset out of pure passion for trading. Just a flat interest in earning money from trading will take us nowhere.
I think you sidestepped the question rajesheck. I'm asking if the strategy can be automated in general (no referring to any particular tool). As a general rule of thumb if any of the steps in the strategy involves "intuition" or "gut feeling" then it can't be automated, however if the only thing that one needs to do is to follow a recipe, compute some values and then make a decision based on said values, then I can be automated and it becomes systematic by definition. From what you copied and pasted from the strategy it seems that it can be fully automated without problems. Unless, again, I'm missing something here. Can you point to a place in the strategy where intuition from the trader needs to be used?
Yes it is possible to automate my strategy. But it needs full circle programming. Not from off the shelf modules.
Just like Medicine or Engineering or Law, trading is an unique profession which needs passion and perspiration to succeed. To understand and execute this strategy also needs passion for trading.
I noticed someone has voted <1% within 12 hours from creating this thread This strategy cannot be back tested because the demand levels are available only on live intraday session. Please do paper trading for one week before voting.
Basic psychology 1. The level of success depends on the level of passion and perspiration 2. Trading is a business and any business needs business skillset 3. Developing trading skillset needs passion for trading and perspiration 4. One can be a natural trader or develop trading skillset out of passion 5. One way to develop it is by practicing a strategy developed by a professional trader 6. Remember, only a person with genuine trading skillset can derive successful trading strategy
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