Is fully automated trading a fantasy? Your opinions here

[JimmyJam]

Quote from TraderRobb:

Its obvious the program made $400/day so its there to be made. Its not easy, only in theory or without the human emotion side of the equation.

Do you trade the e-minis?

JJ

 

[Lights]

There are alot of mathematical formulas/indicators that measure fear and complacency.

Quote from youngtrader:

whatever anybody says I don't believe in the whole black box thing at all. How can an automated system possibly be able to disipher the fear and greed emotions of trading. The markets will move the way they want to thats why only a few can be profitable at trading. A bunch of guys typing in mathmatical equations will not be able to beat the market. Just watch when a huge catastrophic disaster happens to the world and the markets just go wild you will see people jump off the whole automated trading bandwagon.

 

[TraderRobb]

Yes, I trade the ER mini almost daily. There is a 10 point range most days. Emotional control together with a sound method can work, the program shows this is true.

 

[JimmyJam]

Quote from TraderRobb:

Yes, I trade the ER mini almost daily. There is a 10 point range most days. Emotional control together with a sound method can work, the program shows this is true.

OK, I honestly believe you do.

It's just that I see a 10 point range 5 days out of 10, not almost daily. It used to have a 10+ point range daily, but now it appears to track very much in-synch with the other major indices (which, BTW, is the BIGGEST arguement for developing a fully automated trading system around).

Good trading,

Jimmy Jam

 

[TraderRobb]

This program trades one er from cash. I work to follow the system on futures. It makes about $400 /day.

 

[TraderRobb]

bmp files don't upload new jpg!

 

[TraderRobb]

corrected

 

[JimmyJam]

Quote from TraderRobb:

This program trades one er from cash. I work to follow the system on futures. It makes about $400 /day.

I see.

It's an automated system, whose signals you are taking, but you are actually pulling the trigger in the ER2.

As far as the money is concerned, "sometimes it makes a much greater amount than $400 per day, other times it makes substantially less, but it averages out to approx. $400 per day".

Correct?

JJ

 

[TraderRobb]

This is true. Averages $400. Substantially less is about $500. loss...about $100/trade. Not so easy unless fully automated, then it could be easy. Some people do it! That's the main point. Its good to have a target.

 

[TraderRobb]

Like Linda Raschke from Market Wizards stated on her web page...the market shoots all it bullets at once.. after a huge 15 point move, like on the 21st, expect alot of consolidation. On Fridays, not much news anyway.