Ok well I have a question.
Do traders who automate fare any better?
its a fairly general question so i'll generalise with my answer. I find that the traders that fair best of all are traders that take a position, attach a stop and a limit order and walk away until one of them is triggered. to be more accurate with an answer for automated systems we would need to catogorise them such as scalping systems, intraday systems, high leverage/low leverage, long time frame. They're all so different that you couldn't get an accurate view unless you separated them in to categories.
the trouble with automated strategies is they break. so many of them work away taking a few pips here and a few pips there but once the market spikes or something unusal happens a lot of them break or go haywire. It isn't unusual for us to face a blackbox that is having some reasonable success only for it to go nuts and blow up the accounts. brokers will tend to be patient with these systems for that very reason.
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