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...
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!
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.
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. https://myfxbook/members/JoeDorman This EA isnt for sell ! Please dont ask for them.
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.
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
Toutes les données et informations sont fournies "en létat", uniquement à titre dinformation, et ne sont pas destinées à des fins de trading ou de recommandation.
Les performances passées ne sont pas indicatives des résultats futurs.