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Humans vs. Robots

MoneyCode
Dec 06 2013 at 08:03
31 posts
ahuruglica posted:
Thalantas posted:




The truth is that not only the human behavior and price action, but the universe and everything in it is made of the same pattern and sequences. No matter if 99% of volume is traded between computers, there will be 1% of humans trading and computers will hunt them. Also every human decisions and economic events will occur with the same pattern. So no fear....

Exactly. Unlimited variance and evolution exist in the market, just as in nature. View the recent dominance of automated volume in the market, as a perfect example of evolution of price behavior. This evolution makes old systems fail. Adaptive solutions whether manual or automated are the only answer.




PipGnostic
TheCyclist
Dec 06 2013 at 13:05
724 posts
@MoneyCode

Why can't you use multiple pairs in auto trading ? I run arrays of pairs, you can do very high volumes of work across many pairs. And you can do things that humans can't do. Work out the relationship between say 24 positions every 0.xxxx seconds. See if something needs to be changed and change it before you even knew the opportunity was there.

Look the problem with the EA's are that everyone tries to take a combination of hundreds of years old indicators and try and get the computer to sit and watch them. Ever now and then they fiddle the settings an viola, holy grail! Just to see it fail a few weeks later. That's because screen staring is not what computers are for or good at.

I promise you most of the advanced stuff doesn't even have GUI's. People run them in terminals for speed. Takes resources to fill a screen with lines. The fact is, the HFT guys, arguable the most successful traders in operation today, don't even know what they're trading.

Best way to use computers is for high volumes of small but consistent profits. Just bank,bank,bank...keep the risks small. So small it's not worth your time, but the machine doesn't care.

dgaf (dgaf)
Dec 06 2013 at 14:02
57 posts
Robots follow rules & trade with no emotions.

Sleep is for the weak
forexalertsystem (forexalertsystem)
Dec 08 2013 at 08:04
101 posts
Depends on how good the EA programmer is: below is a mature trading system. i recorded 2 days worth and compressed it into a short time lapse video. you will see it make a lot of live trades and make a decent amount of money in a short amount of time trading many pairs. simultaneously. this video below is a HFT system

                                                   

ahuruglica (ahuruglica)
Dec 08 2013 at 21:52
852 posts
@forexalertsystem

No offense man but this is considered spam.

dgaf (dgaf)
Dec 09 2013 at 07:26
57 posts
@forexalertsystem Where are the rest of the results and how is your signal services tested and guaranteed is there any proof?





what is www.chapter322.com www.blackboxsignals.com www.centralpips.com forex/trading social.com these sites look fake.


Sleep is for the weak
forexci
Dec 09 2013 at 12:11
7 posts
The way I see it is that those who follow price action, whether it be following chart patterns (support/resistance, trendlines, fibs, candlesticks) or using their naked eye, prefer the subjective/interpretive element of trading.

Whereas those who follow indicators like the rule-bound element of it. A case can be made for each I suppose, and pitfalls are plenty with each method.

There is the complaint of how indicators lag - yet there are plenty of attempts to make indicators lag a whole lot less, though these attempts tend to add more noise in the picture. However, because it is easier to follow rules with indicators, they can be planted into an EA and quantifiably backtested. That is a big plus!

I Think, Therefore I'm Guessing
ahuruglica (ahuruglica)
Dec 10 2013 at 21:25
852 posts
Interesting article on the subject from bloomberg. Worth the time reading:

bloom.bg/19fr6c9

Thalantas
Dec 10 2013 at 23:42
192 posts
Thanks @ahuruglica for this interesting article!

It seems like the machine business is struggling to find a good system, like we do here on a much smaller scale. The holly graal is very hard to find and there's no easy money!
The most stable traders I know are manual and have usually underwent strong DD once in a while... Some system here are profitable since a little while but it is a bit depressing to think that what we call 'a while' is nothing longer than a couple years on myfxbook!
Starting from there, it is hard to think that we can build up an alternative to a retirement plan if you constantly have to find new EAs!

A smooth sea never made a skillful sailor.
ahuruglica (ahuruglica)
Dec 11 2013 at 20:33
852 posts
Hey Guys

I have an robot to sell but it's not that cheap. It's price is 1,618,382.50$



Damn, it looks like a robot but it is human. I'm not allowed to sell him but everyone can learn to trade like him :)

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