Oh, there's plenty of getting stopped out by a single tick, entering on top ticks, just like discretionary traders. Just automated and driven by a recipe (i.e., algo). I'd be a horrible discretionary trader. But, if it's working for you, that's awesome.
It works for me great, when it's working for me, I'm either near 100% profitable
or actually 100% losers Currently, on fire nearly 100% profitable, yesterday blew E2T gauntlet after first trade made +$400 mainly due to massive Commission Charges, I'd under estimated, giving up on that.
