When a model becomes extinct

"Extinct?"

 

Hello Scataphagos,

This is a very valid point you made sir. Thank you

 

Hello Scataphagos,

The reason traders invest time and energy in the automated trading system approach and Not Price action or technical analysis approach because their no proof of any day trader or swing trader using price action or technical analysis that makes consistent money.

However, the automated trading system approach has plenty of proof.

 

Are you saying that PA and TA cannot be automated?

 

Automated, yes. Having edge, doubtful. Although, I am not sure how PA is defined exactly. Are you saying there are robust purely TA based automated systems?

 

Good point. What is price action trading?

 

Do you consider changing parameter values the same or different model?

 

Very good question. Noone makes money in price action trading.

There is absolutely zero proof any where on earth of any price action trader making money year to year or even beating the SP500 index return. Zero. None.

 

Hello rb7,

I do not know if PA and TA can be automated. Good question

 

If one could automate the correct application of Price TA, it would be the TRUE Holy Grail.