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Re: Automated Systems -any hope? :(((
Craig,
Hate to disappoint you, but I use no TA. It's useless. I trade pure MM. Nothing else. There's no chance of swinging the odds in your favour by trying to predict anything.
The ony way to trade forex succesfully is to react to it, and for that you don't need TA.
Of the 6 pages of code that I have that manages my trades, 10 lines are dedicated to opening them. It's irrelevent in which direction I open trades. More than 90% are closed in profit anyway. So why bother trying to predict when I know with 90% certainty the random trade I open today will close in profit?
Anyways, all I really wanted to say was is that automated systems do work, they work well, and they are here to stay. I think the next batch of Super Wealthy in the world will come from fully automated investing. It's already begun...
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Show me your pips!
Last edited by Dr. Zogg : 09-10-2006 at 09:23.
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