Morning Breakout Options Strategy

[rajesheck]

Actually entire bar chart represents emotions to a degree, and apply TA or support/resistance is getting all the tech from the chart itself. So to say algos have no trading psychology is wrong to me. It takes much time to program what you want to happen, but just about anything you can dream up, eventually you can program it.

Agreed

I am not saying algos are wrong...the approach people developing algos is wrong.

I suggest two corrections in the algos development:
1. Not to use "averages" based statistical instruments
2. Develop algos from the perspective of trading psychology and not just TA

 

[Handle123]

Agreed

I am not saying algos are wrong...the approach people developing algos is wrong.

I suggest two corrections in the algos development:
1. Not to use "averages" based statistical instruments
2. Develop algos from the perspective of trading psychology and not just TA

Those who have successful automation systems, I doubt most had psychology in mind, tough enough to find something one is happy.