Those folks do not follow blind signals, and the other names you have mentioned, let's just say you never know what they really do to make money unless you trade with them on a day in and day out basis.
Just like you do not know how many traders on this board actually follow mechanical systems, so your arguments are as equally inaccurate.
And unless you actually work for a hedge fund it is meaningless to talk "oh so and so does this to make <number of> millions a year", you don't know what those people do to make their millions and anything they say in public interviews/books must be taken with a grain of salt.
In this case there is no point discussing anything that we don't have direct experience with. Let's get real here. I mention those names to show that there are large fund managers that follow a systems-based approach. Is it 100% mechanical vs. 98% or 95% or however you want to semantically quantify it? I don't know. But if a system generated 1000 signals over a year and someone took only 95% of those signals, for whatever reason, I would consider that systems-trading approach. That is not the same as regarding an oil report and then making a trading decision. The system generates a clear entry & exit signal and the trader may has the final "discretionary say" to pull the trigger. It's not 100% mechanical, but it is definitely "systems trading".
If as a trader you can't pull the trigger on 100% of your own signals and want to go into managed trading, John Ehlers has documented trading success from many many clients who lease his trading systems and trade through managed brokers. If you want to see documented proof of brokerage statements vs. signals generated by the system, make a serious inquiry and you will see the proof.
It is a completely different game when you play at that level, and we are talking about trying to make $1000 a day day trading here.
There are many traders making $1000 per day daytrading a system, but you won't find them wasting their time here. I'm only averaging $250/day, but I'm also trading very conservatively. Those of us with ambition hope to one day run one of those large funds, which we cannot do with discretionary trading 100k shares per day. Richard Dennis ran a $400 account to $200M following a strict system. I'd be happy if I could do only 1% as good.
Just like you do not know how many traders on this board actually follow mechanical systems, so your arguments are as equally inaccurate.
And unless you actually work for a hedge fund it is meaningless to talk "oh so and so does this to make <number of> millions a year", you don't know what those people do to make their millions and anything they say in public interviews/books must be taken with a grain of salt.
In this case there is no point discussing anything that we don't have direct experience with. Let's get real here. I mention those names to show that there are large fund managers that follow a systems-based approach. Is it 100% mechanical vs. 98% or 95% or however you want to semantically quantify it? I don't know. But if a system generated 1000 signals over a year and someone took only 95% of those signals, for whatever reason, I would consider that systems-trading approach. That is not the same as regarding an oil report and then making a trading decision. The system generates a clear entry & exit signal and the trader may has the final "discretionary say" to pull the trigger. It's not 100% mechanical, but it is definitely "systems trading".
If as a trader you can't pull the trigger on 100% of your own signals and want to go into managed trading, John Ehlers has documented trading success from many many clients who lease his trading systems and trade through managed brokers. If you want to see documented proof of brokerage statements vs. signals generated by the system, make a serious inquiry and you will see the proof.
It is a completely different game when you play at that level, and we are talking about trying to make $1000 a day day trading here.
There are many traders making $1000 per day daytrading a system, but you won't find them wasting their time here. I'm only averaging $250/day, but I'm also trading very conservatively. Those of us with ambition hope to one day run one of those large funds, which we cannot do with discretionary trading 100k shares per day. Richard Dennis ran a $400 account to $200M following a strict system. I'd be happy if I could do only 1% as good.
