Learning profitable automated trading

Every system has weaknesses,it is for the developer to know the weakness and improve the system to deal with weaknesses.

LTCM is not a good comparison,firstly LTCM was poor risk management system ,the risk reward ratio of LTCM was bad.Every trade in our system has a stop loss , it is mechanical/automated without human interference.Our maximum risk is 0.5 % to 1 % on open positions and pending orders.LTCM were a bunch of cxunts of trading, they were risking the house on trading.

do you know what LTCM was?

I do. http://en.wikipedia.org/wiki/Long-Te...tal_Management

Do you really know who they were and what they were doing?

They were just a bunch of cxunts like 2,000 failed hedge funds , in an industry which has not returned an overall profit for the last 20 years, after losses of last few years and all the little maddoffs who ran off with the money.

funnily enough I have met one of the board members of LTCM on a couple of occasions.

What ere they doing?They were taking positions without stops , like members of the 95% club.Just one of their positions had to go belly up, for LTCM to go bust.These were geniuses in other fields,BUT REAL IDIOTS of trading.

Did they really know how to trade?

as ever nobhead, exiting a position in the instruments they traded were not as easy as entering a guaranteed stop loss with a spreadbetter on EURUSD at £1 pp. especially when the street knows you're hurting.

their basis was just model driven RV trading-what killed them was leverage.

Ordinary traders don't have leverage on futures?Poor money management is more appropriate.

Why are people comparing apples and oranges ?

What happens when two knobs meet?They have a cockfight.

are you on a wind-up?