The Rise and Fall of Mechanical Trading Systems

Discussion in 'Journals' started by DT-waw, Dec 16, 2010.

  1. do you pay for the subscription to these systems?
     
    #91     Jan 5, 2011
  2. DT-waw

    DT-waw

    no, i prefer to rely on my gut feeling , lose $3,000 a month and wait 6 months until these systems will prove to be worth my precious dollars
     
    #92     Jan 5, 2011
  3. DT-waw

    DT-waw

    Gold system closed a short trade at 1384 for the $3,500 gain.
    Reversed to a long trade at the same price.

    FX Cruiser holds a short EURUSD trade.

    Everyone tells me public systems are all full of shit.
    But the systems i've selected are not that bad... so far.
    I'm puzzled. How on Earth these strategies made by amateurs and snake oil scam artists can make such trades?

    Please - explain that to me.
     
    #93     Jan 6, 2011
  4. kut2k2

    kut2k2

    Worse, this is like trying to guess the face of a man based only on his fingerprints and footprints. This is cargo cultism, pure and simple.

    For some reason, some people think "reverse engineering" is much easier and simpler than engineering the original desirable thing. Reverse engineering still generally requires about as much engineering knowledge as the original engineer possessed in order to reasonably approximate what was done.

    "Tony Stark built this in a cave -- from a box of scraps!"

    "With all due respect, I'm not Tony Stark." :D
     
    #94     Feb 19, 2011