http://jspauld.com/post/35126549635/...arning-and-hft
This is a very interesting read. It details a guy's efforts to produce software to trade profitably. While he wrote a scalping system for the futures markets many of the principles he discusses can be applied to forex trading software as well. What impressed me was his diligence and the amount of effort he put into it - six months including time to learn to program. He also talks about manually trading to devise his strategy and back testing to train and continually revise it. The coding effort isn't nearly as important as his attention to detail and verification IMO.
Anybody who thinks a profitable EA can be done with a few hours of design and a day of coding effort needs to read this and find out the reality.
This is a very interesting read. It details a guy's efforts to produce software to trade profitably. While he wrote a scalping system for the futures markets many of the principles he discusses can be applied to forex trading software as well. What impressed me was his diligence and the amount of effort he put into it - six months including time to learn to program. He also talks about manually trading to devise his strategy and back testing to train and continually revise it. The coding effort isn't nearly as important as his attention to detail and verification IMO.
Anybody who thinks a profitable EA can be done with a few hours of design and a day of coding effort needs to read this and find out the reality.