A robot doesn't have to understand emotion at all. If I feed it a statistic that price bounces 30 pips off the pivot 58% of the time, what does it matter to the robot how the market "feels" at that point?

EURUSD

I'd consider that technological change, not a change in human behaviour. By human behaviour, I mean the slow, general behaviour that drives longterm movement. I have no doubt that markets change in a number of ways over time, and strategies can lose ...

The Quantist

I have no idea of what the future has in store, and the best I can do is make the most of the opportunities I have now. I will say that it is important to me that my strategy can be applied to markets in general. I wouldn't mind making a bundle as ...

EURUSD

Should say that I don't need much of a result to go from 0 to covering necessary expenses, and the need is never immediate. The only thing that would worry me are taxes and being excluded from the market. There will surely be change, but I think I ...

EURUSD

No, check the 4hr - dragon has fangs.

EURUSD

Living expenses = lose if I don't make money. Eh, for the year or so I've been trading, something has always been around the corner.

EURUSD

I don't think simple necessarily means easy. I also don't think statistical trading needs to be complicated. A lot of people talk about changing markets, some things change, some stay the same. I'd argue that's true of the markets. I think when it ...

The Quantist

Ah, but we can only see the neck and head there. Last 36 hours is one of the times that makes me wish I was one of these bottom feeders...I mean scalpers . Maybe I'll get lucky and the hoped US crash starts this week.

EURUSD

Don't we all really do this, even if for most of us it is only on a subconscious level? I had assumed quantitative trading was quite sophisticated, but now I'm wondering why. I knew little more than it was mathematically-based, but we all probably ...

The Quantist

Looks like the good old dragon formation to me. image

EURUSD

While true, consider the probability of success, regardless of capital. Someone asking this question is surely inexperienced, and the chance of success for an inexperienced trader is low. Better they be unprepared and blow 5k and waste a few months, ...

(can) small accounts make a living ?!

The same reason we see clouds in the shape of an animal. We log in everything we see, and it's likely that random data will appear as one of the many patterns we have logged into our memory. TA patterns are simple (as opposed to a bunny or Jesus' ...

S/R and TL on Randomized Price Movement

There's no certainty of there being a significant drawdown. It's not really a simple question to answer. There's no consideration of skill, aggression, variance, living costs etc. The question is can small accounts make a living - the answer is ...

(can) small accounts make a living ?!

I did state my definition of overtrading: the point at which additional trades are not beneficial. What do I mean by not beneficial? The additional trades either do not have positive expectancy, or they harm overall performance (i.e. they may ...

What is over-trading?

This is all a bit silly. 2+2's point was to make a good, automatic correlated play, and half the people here are fussing over small details that are irrelevant to 2+2's point.

EURUSD

I think you're missing the point. The poster made a statement that there is never overtrading if one sticks to a system, and I was simply refuting that statement. My point related to your example would be that that there is too much braking, just as ...

What is over-trading?

I don't agree with this; additional and relatively spontaneous trades aren't necessarily bad trades. I would class overtrading as the point when someone starts adding new trades that don't effect performance positively. Not true. Let's say I create ...

What is over-trading?

If you can't answer this yourself, you should close the trade.

EURUSD

No, I'm saying that after some thought, an intelligent person will draw similar conclusions to those in the book. It's only held in such high regard because the majority of people rarely think for themselves, and often miss the obvious. There's no ...

EURUSD

It's not impossible, it just has to be oversimplified. Ask them how long they have studied trading. Asking an economist about trading is no more helpful than betting on a sporting commentator's tips. Tell them that the market is made of people, and ...

Discussing trading with non-traders