Scalping is harrowing to say the least. I did it once, and what a rush ! That being said: In the end it wasn't worth it. Today, this is done by HFT algos....and it works great....for them. No emotion in software !
Yes, regardless of what the NODOJI types say or believe-- the HFT algos are constantly changing and morphing-- they do not repeat over and over again-- if they did, predatory algos would kill the repeaters-- SO, i am at a loss at exactly what these folks are doing who rarely have a losing day trading in this style. What's claimed and market truth are opposed. surf PS-- other than simply being skilled at money management.
Sorry that's my poor English grammar. I mean the liquidity which is added by the algos lately is quite cool.
Well, bots change of course, but certainly not every day. They only change as often as coders change them, right?
No, friend, many are programmed to evolve and change constantly--that's what they do--- -- what you are talking about was finished about 4 years ago. what needs to be understood is anything that is repetitive in the market can not last, this should be common sense. surf
Anything that is overtly obvious or easy to spot and that is repetitive, won't last. But that which is not and that repeats can last for years and years. This has been my experience.
Probably, I am not specialist in bots. But market behavior doesn't really change that fast. It certainly changed since 4-5 years ago, but slow enough for us humans to adapt.
I concur. Same patterns show up over and over again, some of them being extremely high probability trades.
Interesting comment. I remember when I had backtested the Donchian strategy a few years ago, it had an incredibly consistent equity curve upwards....even with the choppy S&P 500 emini contract. I wonder if that's no longer the case.