Hey everybody, I'm new here, looking for some input...

More than half of the CTA's reporting profits over multi year spans are fully automated. The common themes they seem to use: using multiple strategies, adapting by adding new strategies, diversifying trading frequencies, & trading a broad scope of instruments both domestic and foreign - long & short. I have been a discretionary trader working my way into some automation.
 
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algofy said:
Yes
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If it is then, what are you doing here instead of sitting at beach? :) j/k. You may be lucky to have that system. I was saying it takes lots of effort/testing to identify one and run it for longer time.
 
comagnum said:
More than half of the CTA's reporting profits over multi year spans are fully automated. The common themes they seem to use: using multiple strategies, adapting by adding new strategies, diversifying trading frequencies, & trading a broad scope of instruments both domestic and foreign - long & short. I have been a discretionary trader working my way into some automation.
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What you are referring may be for an CTA where they have multiple systems, instruments, long/short (hedging) and their total overall return may be +ve or good. What I was referring to a single instrument trading system where you measure the only one system/one instrument alone. Ofcourse a good system should be tradable for all instruments but not all instruments move or behave in similar way.
 
kent said:
While I agree with most of what Mr.Scalper said esp 'Forget it, as you will only lose your money. If you think that you can successfully automate trades based on criteria that is widely published and disseminated to the general public, then you have not researched your new business venture correctly'.

I have developed quite a bit indicators/robots based on most of the technical studies in MQL4 platform which looked worth looking into. After years of developing/testing I have come to the conclusion that 100% automatic strategy is too difficult to develop unless it involves large computing power and more monitoring/adjusting of parameters in real time or it is for HFT. The best I could develop is based on a good strategy which is semi-automated where I could wait for the signal and pull the trigger after evaluating the signal based on a visual/final discretion by me.
I have personally known to 2 developers/investors who invested around 200k+ or so and 2 years in developing some black boxes and hiring couple of programmers and still finally they had to wrap it up since the end product did not achieve their intended result or target.

Either way, good luck!
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That's more then likely what would happen, wait for a signal and take it from there. I just found the idea interesting and thought i'd see what others with more experience in the markets had to say about it. I'm getting the general consensus, thanks for the reply.
 
Does anyone keep statistics like that?
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Barclays - Systematic versus discretionary. Upon a second look it looks like discretionary has a more consistency in making money, whereas systematic has bigger spikes & draw downs and more losing years than discretionary. But they do seem to hit the same long term ROR. Its kind of subjective depending on what sampling span you look at.
 
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