Automated Trader vs Manual Trader

All of my automated systems started as manual ones - so the performance is the same for the most part, but the ease of operation is better on a per trade basis.

If you have any automated system that can nail 2% to 3% a month or better after operational costs, I would say you have a great automated system.
 
Quote from WmWaster:

It's because we are only interested in winners. :D
Just like we love to learn from winners, NOT losers.
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You would have to be completely nuts not wanting to win.

If you ever happen to arrive at a strategy that makes money, you would also have to be completely nuts in giving it away.

You obviously failed to grasp these points. In your "love to learn from winners", better realize that most of what you will "find" is written by losers. Better give up on this and start working much, much harder in attempting to lift yourself up out of the sh*t of losing.
:(
 
Quote from WmWaster:

Hi. Ideas gatheirng time. :D
I would like to hear people's opinions on several issues.

1)
How do you compare between automated system and manual trading? What're their pros and cons?

2)
What makes you feel automated trading is the best way to go, if you think so?

3)
Do you think automated system can beat manual trader?

Can automated system get close to or even suprpass what some successfully manual trader achieve (eg traders from $10k something to millions in a few years)?

Thank you!
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My guess is the most important thing should be whether a trading system can be fully translated to a 100% rules-based system.
 
Quote from OddTrader:

My guess is the most important thing should be whether a trading system can be fully translated to a 100% rules-based system.
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That's the difficulty I'm facing.

My method is quite discretionary in nature.

I think I need to find another rule-based method to form my automated system.

Does anyone know where I can hear or know more about the performances of the world best automated system?
 
Quote from nononsense:
If you ever happen to arrive at a strategy that makes money, you would also have to be completely nuts in giving it away.
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I disagree.
Some people did give out their strategies or trading ideas, sometimes for free too.

If it were true, then everything written on trading or investment books are false or fake or useless or losing money. We may not need to learn from books at all.
 
Quote from WmWaster:



If it were true, then everything written on trading or investment books are false, fake, useless, losing money. We may not need to learn from books at all.
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most things written on trading and investing are useless but not false.
 
Quote from rosy:

most things written on trading and investing are useless but not false.
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some things wirtten on trading and investing are useless plus false. :)

After all, welcome to this thread!
What do you think about autoamted system.
 
Quote from 5Pillars:

Quote from WmWaster:

In your viewpoint, why do you feel you need to babysit your automated system?

As to "very well", how well an automated system performs?


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Would you let a high 6 figure or 7 figure account run automated without watching the operations realtime? NOT ME!

Also some automated trade systems use the systems own server to hold "stop-limits" that are not native to the exchange - so if you lose power or have any technical problem you may lose all your order synchronization.

You could hire someone to watch your systems while you go play golf - that would be a way so that YOU do not have to watch your systems realtime everyday. :)
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I see!

Actually if I were to run an automated trading system, I would babysit too.

I'm also worried if bugs from automated system may spoil my plans.
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In my experience for exchange traded securities an automated system is superior to manual. The economies of scale seen with this approach is enormous. You can monitor many markets and executes thousands of trades/hedges and have an operator watch over the system. I know of several market making firms that are almost completely automated. If your goal is exchange traded securities then learn to program and know statistics. If you want to manually trade then go to an OTC market where info and efficiency is not up to par.
 
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