Second time today I have heard that automated trading doesn't work. Interesting...I'm up huge year to date and haven't placed a single manual trade. How is that possible? I don't have overwhelming computing power, I don't have HFT speed, and I'm not even that good of a programmer or "quant". Interesting.
So were thousands of other traders during the dot com era. No one said it does not work, but it only works some of the time due to the markets being random, so unless one adjusts and readjusts the consistent profits will not stay consistent. It is like a merry go round, and the clever ones are the ones who know when to jump off.
