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"Computer Trading(automatic)" vs "Human Trading(manual)"
Mar 21, 2013 at 14:51
Vistas 1,995
17 Replies
Mar 21, 2013 at 14:51
Hi All, I would like to know your suggestion and opinion about 2 topics
(1) "computer trading(algorithm)" fighting with "human trading(manual)", Do you know which one will be the winner in the next 20 years ?
(2) "Hedge fund" and "Investment banking" use "human trading" or "computer trading" ? and why they do that ?
Thanks in advance
(1) "computer trading(algorithm)" fighting with "human trading(manual)", Do you know which one will be the winner in the next 20 years ?
(2) "Hedge fund" and "Investment banking" use "human trading" or "computer trading" ? and why they do that ?
Thanks in advance
Mar 21, 2013 at 19:03
I, as an informatic engineer, strongly believe that algo trading is utmost succesful in the long term.Surely Human brain is far more flexible than a program, incredibly fast in information processing but dominated by feelings, stress, and more important... fatigue.
By now the most powerful firms invest in server farm and HFT, rather than skillful traders, makes sense...
By now the most powerful firms invest in server farm and HFT, rather than skillful traders, makes sense...
forex_trader_43716
Miembro desde Aug 06, 2011
posts 326
Mar 21, 2013 at 23:19
AndyQuant posted:
I, as an informatic engineer, strongly believe that algo trading is utmost succesful in the long term.Surely Human brain is far more flexible than a program, incredibly fast in information processing but dominated by feelings, stress, and more important... fatigue.
By now the most powerful firms invest in server farm and HFT, rather than skillful traders, makes sense...
Good point. There is definitely an argument for automation in terms of controlling emotions and fatigue, and for doing the spontaneous number crunching associated with money management. The problem with 100% automation is that it just keeps "automating" regardless of current market dynamics, and that can produce dangerous results. Today's aircraft can take-off, cruise to destination, and land safely all on auto-pilot, but if something goes wrong it is nice to know that there is a human up front to take control. Of course, not much point if the person up front does not know how to fly!
Mar 21, 2013 at 23:44
@Neosky
Autotrading is something that every investor / trader wants to utilize to maximize their benefits. There are many traders developing their own EA systems for autotrading, some are successful some not.
But it has never achieved results on a consistent basis. If you scan through automated trading systems on this portal, you will see huge results and would also come across huge losses as well.
As @myfxpt suggested, it good to have a auto pilot mode, but when things go wrong there should be an intelligent trader to take control of the situation.
Autotrading is something that every investor / trader wants to utilize to maximize their benefits. There are many traders developing their own EA systems for autotrading, some are successful some not.
But it has never achieved results on a consistent basis. If you scan through automated trading systems on this portal, you will see huge results and would also come across huge losses as well.
As @myfxpt suggested, it good to have a auto pilot mode, but when things go wrong there should be an intelligent trader to take control of the situation.
Be among the very successful Forex Account Managers.
Mar 22, 2013 at 08:19
Successful robust Algos with sustainable long-term profitability are created by people with absolute 100% commitment and dedication to a hard work and continuous improvements only.
NOTE: it’s always a team-work, one “brainer” alone will never succeed in this field.
Sufficient funding usually expedite the results substantially. Investor' patience is a plus.
NOTE: it’s always a team-work, one “brainer” alone will never succeed in this field.
Sufficient funding usually expedite the results substantially. Investor' patience is a plus.
Mar 23, 2013 at 12:46
Oh, wow. I stuck between "algorithm trading" and "human trading" more than 1.5 years.
After reading your suggestion, I understand my weakness and I understand myself better now. Your suggestion are very helpful to me.
Really appreciate your suggestion 😄
After reading your suggestion, I understand my weakness and I understand myself better now. Your suggestion are very helpful to me.
Really appreciate your suggestion 😄
Mar 25, 2013 at 19:54
Are you kidding me, there is NONE specific advice so far, just some general highlights..
If you need detailed information and more usefull tips - visit this topic _http://www.linkedin.com/groupAnswers?viewQuestionAndAnswers=&discussionID=225627405&gid=1813979&commentID=127028616&trk=view_disc&ut=1-AAtDDtCQY5E1
If you need detailed information and more usefull tips - visit this topic _http://www.linkedin.com/groupAnswers?viewQuestionAndAnswers=&discussionID=225627405&gid=1813979&commentID=127028616&trk=view_disc&ut=1-AAtDDtCQY5E1
Miembro desde Mar 21, 2013
posts 6
Mar 27, 2013 at 18:11
I am hoping there will still be a place for the human trader....Working on system development just in case there is not.
Patience of a crocodile, discipline of a soldier
May 07, 2013 at 23:44
(editado May 07, 2013 at 23:46)
Human traders work will offen have more profit wirh a lower count of trades.
But human traders needs an excellent knowhow.
A machine trader with an intelligent algorithmus works 5/24 and never needs a holiday session ;-)
My machine algo works fine with 64 currency pairs at the same time, and have an autooptimizing process includet.
Up to 500 trades at the same time, and up to 1500 trades a day.
Sometimes i think, its a commission machine ;-)
You can see at the account with JFD as extension in my test book.
All the accounts use the same algo-trader.
http://myfxbook/members/JoeDorman
This EA isnt for sell !
Please dont ask for them.
But human traders needs an excellent knowhow.
A machine trader with an intelligent algorithmus works 5/24 and never needs a holiday session ;-)
My machine algo works fine with 64 currency pairs at the same time, and have an autooptimizing process includet.
Up to 500 trades at the same time, and up to 1500 trades a day.
Sometimes i think, its a commission machine ;-)
You can see at the account with JFD as extension in my test book.
All the accounts use the same algo-trader.
http://myfxbook/members/JoeDorman
This EA isnt for sell !
Please dont ask for them.
Wir schlage den ForexMillioaer
May 08, 2013 at 11:38
i think best of the best still human trading. based on my almost 7 years trading forex. here my manual trading on contest. no ea. https://www.myfxbook.com/members/sniperfx/only-tl/563711😁
Miembro desde Feb 22, 2011
posts 4573
May 13, 2013 at 06:59
Automatic systems work well. You just need to find out your Holy Grail.
This one started on APR 2012 and doubled since the deposit.
Yes it is a demo that's why it ended as demo accounts are limited.
http://www.myfxbook.com/members/togr/experimental/305682
This one started on APR 2012 and doubled since the deposit.
Yes it is a demo that's why it ended as demo accounts are limited.
http://www.myfxbook.com/members/togr/experimental/305682
May 13, 2013 at 09:56
You should always trade manually for at least a year. That forces you to learn your system inside out and get used to the market movements. Automation is good, but many will still stop the automated system when they are unable to take the drawdowns - any automation is ultimately still controlled by manual intervention.
The trend is your friend!
Miembro desde Feb 22, 2011
posts 4573
May 13, 2013 at 10:37
Well you must realize I am running like 50 systems, while still going to my dayily job.
To find what strategy is best I actually have to use automation as nobody can trade 50 systems manually.
To find what strategy is best I actually have to use automation as nobody can trade 50 systems manually.
Miembro desde Mar 03, 2013
posts 320
May 22, 2013 at 13:16
manually ´s the best.....
Geht Nich Gibt´s Nich
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