The Rise and Fall of Mechanical Trading Systems

Quote from shortie:

do you pay for the subscription to these systems?
More...

no, i prefer to rely on my gut feeling , lose $3,000 a month and wait 6 months until these systems will prove to be worth my precious dollars
 
Gold system closed a short trade at 1384 for the $3,500 gain.
Reversed to a long trade at the same price.

FX Cruiser holds a short EURUSD trade.

Everyone tells me public systems are all full of shit.
But the systems i've selected are not that bad... so far.
I'm puzzled. How on Earth these strategies made by amateurs and snake oil scam artists can make such trades?

Please - explain that to me.
 
Quote from Arthur Deco:
Quote from DT-waw:

the rules of the winners (if they will turn out to be winners) would have to be, sort of, reverse engineered. or at least, just a general conclusions: frequency of trades, holding period, etc.
More...
Got it. An interesting intellectual exercise. Sort of like curve fitting a curve fit.
More...
Worse, this is like trying to guess the face of a man based only on his fingerprints and footprints. This is cargo cultism, pure and simple.

For some reason, some people think "reverse engineering" is much easier and simpler than engineering the original desirable thing. Reverse engineering still generally requires about as much engineering knowledge as the original engineer possessed in order to reasonably approximate what was done.

"Tony Stark built this in a cave -- from a box of scraps!"

"With all due respect, I'm not Tony Stark." :D
 
You must log in or register to reply here.
Back
Top