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Strategies & Market Trends : Trading For A Living

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To: Eric P who wrote (590)	6/28/1998 2:43:00 AM
From: Darren	Read Replies (1) of 1729

Expert Systems There is no doubt that you could successfully program my trading patterns into an expert system and you would probably have more success that I do because the computer doesn't have to spend the time to reason whether this is a good trade or not. And if you could program stop losses of 1/16th or 1/8th, there is no doubt that a computer would be a more efficient trader than any human, or certainly this human. The negative is that MM computer systems can be beat, and so could any expert system programmed. They could be faked out to produce false positives, much like what happens when TA is relied upon as a trading system. MM's run the stock up a 1/4 at the end of the day to help a margin call, or mess with a resistance point, etc. They see too much volume over the last 30 minutes, and they tank the stock... But if the system were personalized, there would be no way to fake out all possible day-traders...

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