Trades like the above, CANNOT be programmed because the market is a moving beast with too much emotion.
THE best chance all of us have is NOT to go down the system route.
The markets are like the weather, there are probably a BILLION variables , a small storm off the coast of Wales can effect the east coast of the UK. But next time a larger storm won't, and the next time no storm system will etc.
Jump forward 50 years, think about the computer power available then, will long range weather forecasting be any better (over a week or two), I very much doubt it because some of the billion or so variables won't have showed up before. No different with trading systems in my opinion.
Another good example of systems is the girl who works at Blue something Hedge fund, Luca or something, she's Brazilian. Regarded as one of the best system developers on the planet with probably a rsearch budget of $10m a year+. results over the last 5 years have been dreadful. If she can't do it, can we with our £400 computers, Excel and MT4?
THE best chance all of us have is NOT to go down the system route.
The markets are like the weather, there are probably a BILLION variables , a small storm off the coast of Wales can effect the east coast of the UK. But next time a larger storm won't, and the next time no storm system will etc.
Jump forward 50 years, think about the computer power available then, will long range weather forecasting be any better (over a week or two), I very much doubt it because some of the billion or so variables won't have showed up before. No different with trading systems in my opinion.
Another good example of systems is the girl who works at Blue something Hedge fund, Luca or something, she's Brazilian. Regarded as one of the best system developers on the planet with probably a rsearch budget of $10m a year+. results over the last 5 years have been dreadful. If she can't do it, can we with our £400 computers, Excel and MT4?
Road To Wisdom? To err and err and err again, but less and less and less...
