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Well my gbl bot is doing fine since 2005 while the dax or fesx ones have more of a mixed result. so why would i care whether rotter or someone else are flipping it?

Averaging down is dumb however pyramiding is very clever since it changes your approach to risk. It goes like, if your optimal position size is $1000 then instead of entering a $1000 trade each time, start off with one fifth or so size and then add to it until it reaches $1000. You're actually...

frost Most ER2 bots I know either trade only during a limited time frame per day or adjust their settings according to market behavior. For instance, I know a couple that only trade during the first 30 minutes of trading after the opening bell because there is a couple of whip saws as...

Good stuff on Sterling and MM on the link posted by JJ. The beauty of bots is they allow to code extremely complex MM rules into a straight forward set of mechanical rules that are completely deductive. I am inclined to believe that every liquid market out there that offers neutral odds...

For me it is pretty obvious that bots could do alot but not everything. The most distinct difference between computers and men is the former deductive capabilities and the latter impressive inductive skills. A bot is somehow the inductive human capabilities translacted into deductive computer...

trade4success, I mean both, average down and up. I know many traders out there and almost everyone tells me that they have a 50/50 business. However, some of them make lots of money while others go bust.

Coaster, I am just doing these tests to understand how much edge derives from pattern recognition and how much is pure luck. This is akin to the alpha measurements in long equity fund industry. It is quite obvious that some of the so called trader edge comes from pure luck rather than...

:eek: Long Post! I am working on an automated money management system and this concept has arise from the idea of trading out of an engine that produces random signals in a couple of extremely liquid instruments, ie the ES, ESTX50, EUR, etc. You must be LOL by this time, but you know...