Forex Howto

07 Oct, 2008

Should an automated trading system have human input?

Posted by: Milton In: Automation

Ck has had a big life direction change, and I find it comforting to see others seeing things in somewhat the same way that I do, particularly somebody who has had a quite a bit of exposure to expert advisors. Specifically regarding constant optimisation of an expert advisor.

My view on automated trading is that it should be completely automated with no human input (beyond the initial programming and configuration), this means building a program which reacts automatically to changing financial markets and trades accordingly. Yes this is pretty much the holy grail of trading software, though if you’re always manually tweaking the parameters to your “automated trading application” then it’s really not all that automated is it.

Do I think my systems are close to the holy grail? Not yet, with some more inbuilt cointegration analysis of the different timeseries I think it should get fairly close, might also need to add some analysis of different time periods for position sizing (increasing sizes when multiple timeframes are giving similar signals).

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Forex Howto is a site that I setup some years ago, I neglected it for a couple of years and now it's back online.

It will have my progress as I explore the world of Forex trading and my experiences in trying to profit from it.

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About me: I'm a 31 year old aussie living in Sydney, Australia.

I work as a programmer and hope to someday use my programming skills and growing knowledge of FOREX to work fulltime, ideally in an automated trading setup.

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