Bashir with all due respect ,EA'S are for mugs,I will ask you a question,what do you think,Barclays use for there trading? is it feasable that they have more resources than you? probably yes,if auto trading was that easy don't you think they would be doing that ?We make the markets and its like a game of chess,some can play it well and some can't.I only trade daily ,4hr max,if you are ever in the gothenburg area pm me for my address and i will show you how i trade.Darren
Automated trading have been around for a long time and is being used by many hedge funds, so please dont come here with your "facts" and think i will swallow anything you say.Do some researche before coming with bold statements. If you want spesific i can mention a few hedge funds for you that do use it.
There is one thing you dont seem to comprehend is that automated trading is just a normal trading method automated. If i have a method i use for a long time and do it manuall and i have fixed rules for entry and exit, then automating is the next natural move, and if a automated method does not work, then that means that the manual method dident work to begin with . It takes the emotions out and it becomes easyer to trade.If a person have a method he have used for many years and he is making money with it, and its rules based, then doing it manualy and automated is the same.
You make automated trading sound like a damn magic program that just out of the thin air makes money. But there is actualy work behind that.
And let me tell you why most automated methods that are out there dont work, since i know you will take this up. THose who build and sell system do the same mistake everyone else do, as they are only into it for a quick buck. They sell the system to a large amount of users and then the system becomes its worste enemy, as the fills are **** and then nobody makes any money with it. And the person who made it is sitting there with alot of money , why would he care if works or not!
Seasonal trading with grains is a perfect exacample, everyone started to think they would be smart then the other guy and buy earlyer, at the end nobody made any money because everyone was bying all the time to beat the other guy.
I am fully aware of this problem , and am not blind to it, and i have a solution for it as well. And that is simple, i will limit the program to a fix amount pr market it is open for.
And what makes you think that automated trading is easy, you are really pissing me of with that comment.I have spend over a year coming up with something that have worked for me and i have spend countless hours and months creating something from scratch and then automated a method,and the money i lost learning and improving it. So dont come here and tell me its easy, its alot harder then you make it sound like.
Try trading intraday , its a hell of alot more difficult then daily, daily is a freaking breeze in comparison.
Neither do i want to, or have the need to learn how you trade, i am more then capable of trading myself. It was the day i stopped listening to people i started making money.
When you call people that i have known on this forum for mugs then you are offending me and those using it , and i can not have any respect a person like you.
And neither should anyone who have some human skills to speak of.And if you think this response is harsh , then you had this coming your way. Calling people mugs, and thinking i will take that lying down, then you are wrong. Just because this is the internett, does not mean you can post anything and think its okey, covering your post with "due respect" does not really hide your true face.
Dont bother answering, as i have seen people like you come and go and sing the same old song all over again.
Bashir N
