How long before you were fully automated?

How long did it take you, since you started trading, to become fully automated?

  • 0 to <= 1 year

    Votes: 22 18.3%

  • >1 year to <= 2 years

    Votes: 16 13.3%

  • >2 years to <= 5 years

    Votes: 37 30.8%

  • >5 years to <= 10 years

    Votes: 25 20.8%

  • > 10 years

    Votes: 20 16.7%
  • Total voters
    120
Quote from MAESTRO:

There are over 1000 black box based hedge funds in the US. There are forums with thousands of members solely dedicated to the automated trading. Our own fund runs over 200 robots. You get an idea.
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It sounds scary. Are we in danger of not being able to make any money any more if automated systems spread any more? And if yes, what should we do about it? Stop explaining things on forums maybe?
 
Quote from [Proximo]:

You guys make it sounds like anyone can start coding and have their own personal ATM machine running 24/7.

I would say automating is harder than discretionary because of the skills needed. So don't act as if everyone should be automated, because its not that easy!
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Well, the poll at the start of this thread says that for 5 people it took over 10 years to do it, and I am proud to be one of them, because when I was in school I was always failing math classes. (It took me 8 years to graduate from college because I couldn't pass the two math courses required).

If they told me in 1997 that it was going to take me over 10 years to start making money, I think I would not have started. But every year I (mistakenly) thought "next year, I'll be a millionaire". I've been thinking that for 12 years and it's kept me trying (it also kept me losing money for 10 years).
 
Quote from travis:

It sounds scary. Are we in danger of not being able to make any money any more if automated systems spread any more? And if yes, what should we do about it? Stop explaining things on forums maybe?
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Nah, no sweat! We are still a drop in a bucket! The game conditions might change but nobody can stop the game! Majority of market participants are still as dumb as they were 10 years ago. There are too many Amish-Traders around. Plenty to make a buck on them! Just take a look at ET! 5 - 6 good traders tops. The rest are the sheer entertainment! :D
 
there is also plenty, TONS of institutional "investing"/hedging totally inefficient, in many cases criminal - it generates income for these big firms from commissions or bid-ask spreads while their clients suffer losses with such happy-go-lucky, devil-may-care trading activities.

as long as people will trust brands known from TV screens or logos on skyscrapers or the fact that they operate for 100 years and thus are good for the client (yeah!) nothing will change and the public will always be separated from their money
 
Quote from MAESTRO:

There are over 1000 black box based hedge funds in the US. There are forums with thousands of members solely dedicated to the automated trading. Our own fund runs over 200 robots. You get an idea.
More...

Can you share some links to automated trading forums? If you don't want to do it here maybe you can send via pm. I would appreciate it as I just started to work on full automation of order entry and money management and I would like to get some good ideas about the tools they use.
 
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