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  #15 (permalink)

Little Rock, AR, USA
Posts: 25 since Jul 2017
Thanks: 2 given, 55 received

The problem with any "system"(charts, t&s, indicators, tea leaves) exists whether or not you look at it. The problems are inherent in the system itself; the probability of designing a perfect system is unimaginably low.

That's problem #1(your 'system').

Problem #2 is you - your brain is "interpreting" your system, and deciding when to follow it. The system already has it's flaws, but at least they are defined and unchanging(unless you are changing them constantly, in which case you have a problem #3 as well). Once you add yourself as the interpreter to your system, you have unlimited potential flaws in your system, and they change every day with your mindset and physiological state.

Now that you know you have (at least) 2 problems, why not eliminate the one you have control over? Automating your "system" means that problem #2 no longer exists for you. Now you only need to be concerned with the defined and static flaws of your system. The good news is there is a tolerable rate of flaws within a profitable system. Your goal is to reduce your flaws below that tolerable limit.

tldr; Time spent automating your system is the best time you will ever spend on your system. Now you can backtest and logically modify your system towards the goal of maximum profitability. You can also throw it all out and start from scratch when the numbers tell you it's not going to work out.

Lastly, if "automating" scares you off, because you associate it with teaching yourself to be a computer programmer...don't despair. Things like EasyLanguage and NinjaScript are orders of magnitude simpler and more approachable than what you would encounter in a general introduction to computer programming. Pick a platform with a decent language and support community, master that language, and proceed from there.

Last edited by module0000; July 30th, 2017 at 04:16 PM. Reason: grammar
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