If you implied that I trade on "instinct" or "gut feel" you are correct in that the psychological ebb and flow of trading can not ALWAYS be defined in neat and tidy technical or "programmed" fashion. However, I rely heavily on technical analysis - I use Trade Station and Option Station with (of course) a live feed.
As a replacement for the trader (and at one point I believe that is what some here were envisioning: a fully automated, decision-making entity unto itself, i.e., leave the computers on and head for Paris), I personally would not take the inescapable risk of a system failure. However, I would be interested in a system that would eliminate the time-consuming and costly rigamarole of clicking price data, volume and "buy" (I use MB Trading). If I could hit a single button for buy or sell and the system could then take over, canceling and changing as necessary, according to very specific criteria, in split seconds, I would be very interested, but only if I could disable the system at any time, instantly. Of course I am sure a disable feature would be a fairly simple matter.
I did not mean to dismiss your idea out of hand; I merely wanted to set the record straight, that no system could ever replace the human factor, and I believe some here were expecting just that, or at a minimum something approaching that, hence the "Holy Grail." Please keep us posted. And I do greatly admire your adventurous and creative spirit. Good luck! |
