I am not a fan of automated strategies. When banks and trading firms throw millions and millions of dollars at their geeks, trying to come up with sophisticated self-learning algorithms that take money out of the markets, how do you ever want to make money with a self-developed trading robot or a so-called “Expert Advisor”? I just don’t believe in it and I have yet to see a working bot. However, I believe in the automation of certain parts of discretionary systems. This can take a lot of room for human error out of the game. The strongest advantage of robots is, of course, that they do not feel things like greed, ... (full story)