Profitable trading systems, which are 100% mechanical?
Does such a beauties even exist in the long term of trading? With long term I mean backtesting at least on the previous 500 trades or better more the better. Even better with different currency pairs and different time frames.
I have seen many automatic systems working in the short term amazingly well, but they all die sooner or later and start to make losses. And it's impossible to predict or to know when a system is making profit or losses, until it has already made the profit or loss - and you never know when it will become profitable again, sometimes it takes longer than the profit it made.
With 100% mechanical I mean that everything required should be included on the system (not just some trading signal) and even computer could trade it without a human being (including: strategy, money management and so on, but no psychology).
Is it possible to trade without psychology? That's an interesting think that I'm thinking a much. Is psychology really only way to trade?
I would be grateful if someone would link me to any mechanical system (wheter here in the forum or anywhere), that has been long time backtested with as stable as possible results.
I personally guess it's impossible, at least until I have backtested and proved differently myself. However, I have a small hope that there might be Flexible Mechanical Trading systems out there, are there any? http://www.forexfactory.com/showthread.php?t=12127
I would like someone to confirm, that there are not, so I can stop backtesting like a monkey.
Thank you.
Does such a beauties even exist in the long term of trading? With long term I mean backtesting at least on the previous 500 trades or better more the better. Even better with different currency pairs and different time frames.
I have seen many automatic systems working in the short term amazingly well, but they all die sooner or later and start to make losses. And it's impossible to predict or to know when a system is making profit or losses, until it has already made the profit or loss - and you never know when it will become profitable again, sometimes it takes longer than the profit it made.
With 100% mechanical I mean that everything required should be included on the system (not just some trading signal) and even computer could trade it without a human being (including: strategy, money management and so on, but no psychology).
Is it possible to trade without psychology? That's an interesting think that I'm thinking a much. Is psychology really only way to trade?
I would be grateful if someone would link me to any mechanical system (wheter here in the forum or anywhere), that has been long time backtested with as stable as possible results.
I personally guess it's impossible, at least until I have backtested and proved differently myself. However, I have a small hope that there might be Flexible Mechanical Trading systems out there, are there any? http://www.forexfactory.com/showthread.php?t=12127
I would like someone to confirm, that there are not, so I can stop backtesting like a monkey.
Thank you.
