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Will daytrading keep existing ?
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Will daytrading keep existing ?

  #1 (permalink)
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Will daytrading keep existing ?

I love daytrading but it's a very steep learning curve and still so much to learn.

But will daytrading always exist ? I mean if we look at what the difference is between now and 10 years ago, what will be the difference in 10 years ?

I think much more automated easier to run systems coming to a point that there's not enough money to make to make a living because the automated systems will scalp it all away ?

I hope I'm wrong !!

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Trading in some form will always exist.

There is always going to be a human component, it's called fear and greed. So long as those two exist, the opportunity to capitalize on them and make money will exist as well.

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fully automated trading

Lately automated trading is increasing, but I never see a fully automated system that works better than manual trading, sincerily I have not seen one that works for long time, otherwise there would be the holy grail and the market would cease to exist.
Anyway if I will see that automated trading will surpass the man I will learn it.

Luke.

P.s. (I think if this ever happens it will still take a very long time)

Take your Pips, go out and Live.
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The question is, how difficult is it to program a script that takes care of human behavior ?

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MetalTrade View Post
The question is, how difficult is it to program a script that takes care of human behavior ?

Good question, I have no answer but i can redirect you here BBC News | BUSINESS | Robots beat humans in trading battle ......

Luke.

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We're screwed...

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MetalTrade View Post
We're screwed...

Ahahahahh

I don't think so.....I wasn't there.........

Luke.

P.s. BTW those guys were not professionist.

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MetalTrade View Post
The question is, how difficult is it to program a script that takes care of human behavior ?

Impossible.

Mike

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Machines have increased their market share.

If I look at the daytrader's credos

- have a written plan
- execute that plan

the machine will be the better in sticking to its plan and faster to execute. So I believe that machines are more successful in high frequency trading, I would not want to compete there.

But there is a lot of things machines do not do correctly....

- few automated strategies will collect sentiment indicators or the LIBOR rates
- take account of and interpret news releases
- use multi-instrument strategies to trigger trades (DX, Tick)
- have a look at the bigger picture

Humans also can take advantage of algorithmic trading by luring machines into false breakout trades and trapping them. So it is like an arms race or a trade war (LOL), but the machines are only going to win the high frequency trading / scalping segment.

Expect more false signals and noise for the lower timeframes, but I think the segment above 5 minutes or the equivalent in volume or range bars is still well tradeable.

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