What I mean is, say, the news events that throw all your charts and indicators into a tizzy. Stops get hit or, worse, don't fill and you have to manually exit out of a loser. Been there, done that.

Hi guys/gals,

I am working on the world's best auto trader.

For $999.00 I will help you trade your Kia for a BMW.

Stock and futures auto trader, you mean???

Sorry.

Too busy to do that one.

I am busy right now working on an AUTO SYSTEM to play quarterback.

I fully expect either Bill or Andy to have me start in place of Patrick Mahomes or Tom Brady.

Can't do it you say? It is a lot easier than trying to program a day trading system to beat Goldman Sachs.
TB

TheBenefactor 

Can't do it you say? It is a lot easier than trying to program a day trading system to beat Goldman Sachs. TB

You post this as if a 100% discretionary trader doesn't also have to beat GS.

You either trade a rules based system or you trade randomly.

If you trade based on rules these can be automated.

It is really more a question of the cost of putting all these rules to code because it really doesn't matter if your brain or a computer executes the rules. The rules/strategy are what ultimately matter. If the rules only work on one instrument you don't gain much at all by automation.

Not to mention there is the entire space of "quantamental" now to try to use the best of both worlds.

I am looking for topics on automated trading. There was a large yes response to this poll. What kind of topics would y'all like to see in future webinars?

Terry

tulanch 

I have found curve fitting to be useless and have come to believe there is no equation to correctly define the market - too many unbounded forcing factors and constants for any math equation I have attempted to derive. As stated in other posts it's software so with money and time it can be solved. I think the solution is rooted in observation of action and reaction.

High and Low of a day is never subjective.So first thing to start is to realize that everything between the point A (High or Low) and the point B (High or Low) - is the Brownian motion.Starting from there and using wide enough stops should make it.

tturner86 

I am looking for topics on automated trading. There was a large yes response to this poll. What kind of topics would y'all like to see in future webinars? Terry

There's a lot of very good webinars out there already that cover most of the basics, hence my suggestions are all on the advanced to very advanced scale.

• Portfolio level system design, testing and optimization rather than individual systems for single markets
• Genetic Optimization Techniques
• Walkforward backtesting - and more specifically 'how do you/can you' do walkforward testing for swing systems where trades can cross over walkforward periods.
• Execution Algorithms (ie not "buy next bar at market")
• Optimal Trade Sizing

tomgilb 

I meant to say that it's simply not possible to completely automate trading and also be sustainably profitable. IOW, there are no automated rigid setups that will produce sustainable profitability.

Then how are the banks profitable using algos?