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Man vs. Machine
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Created: by Jason Rogers Attachments:0

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View Poll Results: Are you an automated trader or a discretionary trader?
Automated trading all the way! 3 10.71%
Mostly automated but some discretionary 4 14.29%
Fairly even split between automated and discretionary 0 0%
Mostly discretionary but some automation 5 17.86%
Discretionary trading all the way! 16 57.14%
Voters: 28. You may not vote on this poll

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Man vs. Machine

  #1 (permalink)
 Vendor: www.fxcm.com 
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Man vs. Machine

Interesting article the other day on Bloomberg: Humans Beating Robots Most Since ’08 as Trends Shift: Currencies
"Currency funds that use computer models for trading decisions made 0.9 percent this year through May, compared with 2.5 percent for those that don’t, the biggest margin since 2008, according to the latest data from Parker Global Strategies LLC...

"“Central banks have become the insider traders of the currency market, which is a paradigm shift that systematic traders cannot pick up as well as fundamental traders,” Richard Olsen, the founder of Olsen Ltd., who has designed currency-trading models since 1986, said yesterday in a phone interview from Zurich."

The article makes a great point about how discretionary traders can adapt to a new market environment faster than automated systems which rely on historical models. But do you think the computer models will eventually catch up?

Personally, I allocate roughly 90% of my risk capital to automated trading, and only set aside about 10% for my discretionary trades. I favor automated trading, because it helps me to eliminate emotion and to take advantage of trading opportunities 24 hours a day.

How about you guys? Do you prefer automated trading or discretionary trading?

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  #3 (permalink)
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We just did this poll recently https://futures.io/elite-automated-trading/27914-discretionary-vs-automated-time-spent.html

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  #4 (permalink)
 Vendor: www.fxcm.com 
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Thanks for the heads up, VF

I'll go ahead and post this article in that thread

If you have questions about our services at FXCM please send me a Private Message.

Last edited by Jason Rogers; July 25th, 2013 at 12:10 PM.
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  #5 (permalink)
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Surat+Gujarat/India
 
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I always think that Humans are better than machine. I have used robots for trading with Forex but never achieved better results to compare to that of when I was trading Manually.

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Trading Apprentice
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I'm confident that there's no software/script/indicator etc. in the world that can do technical analysis with the precision of an experienced trader. In theory, I suppose technology could come sort of close, but there's a lot of things that a formula alone cannot accurately evaluate.

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i think one problem for most retailer traders is that they are generally not great programmers. Even if they are good discretionary traders, they most likely do not have the ability to code their trading method (considering all the subtle nuances) into a program to trade the same way as they would manually - so its better they just trade the market manually

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  #8 (permalink)
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MatthewD View Post
I'm confident that there's no software/script/indicator etc. in the world that can do technical analysis with the precision of an experienced trader. In theory, I suppose technology could come sort of close, but there's a lot of things that a formula alone cannot accurately evaluate.

"You insist that there is something a machine cannot do. If you will tell me precisely what it is that a machine cannot do, then I can always make a machine which will do just that!"

-John Von Neummann


When everything is trending like crazy this situation should not be a surprise. If you run a hedge fund with a defined algorithmic strategy in the prospectus you can't just all the sudden change the strategy to "go long".

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Machines may provide you accuracy but you cannot gain market analytical knowledge. You cannot learn to analyze the market properly and also you cannot predict the future condition thus using Robots to trade may earn you loss at a certain point.

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