In a jargon filled subset of your world there will be people that live and breathe their appreciation. The folk that will be up all night testing, practising and re testing what ever it would be that they are completely into. Probably it is music, staying up half the night playing a similar tune or maybe on the computer playing what ever game floats his or her’s boat. They become professional at whatever they do within that narrow subset of activities.
So lets invest in a Robot right? Incorrect! Like the person up and last and last playing the computer game, much like the muso up all night repeating that tune and indeed similar to the Forex Junkie up all night working with software to produce any killer system they all get one thing in common. They know very well what they are doing (to a particular extent).
This is also true in financial traders. They will use half the night every night, messing around with certain systems, testing and re-testing particular scenarios applying what ever computer system they will like or have to side. MT4 or Metatrader five seems to be the flavour for the month / year.
Now you can spend a few weeks and bingo a new and better system arrives back- tested 20 years. Back tests by the way does not mean that tomorrow testing will give you the same consequence but hey, what as well have I got to go on. Ser.. real live maybe.
You can attempt and re-test with comparative ease. You can convince the system and convince yourself that the system is the silver bullet. You can make Robots using their model EAs they are called. Expert Advisors. Gone are the days of spending weeks and months figuring out systems 2 bottle checking and re-double looking at your system before you presented that to the Chairman of your financial company.
The truth about all these platforms and experts is that if you don’t put in the time YOURSELF you at the mercy of someone else’s strategy and it will never really do the business the way you want it to. So do yourself a good favour and do the time period yourself. It is definitely significant. Now about this Electric Ladyland riff.
Basics, like reading newspapers and talking to certain companies and making phone calls to several industries, like lobbying federal that is old fashioned and too much work. Just give all of us a piece of software and a month or more and I will come up with a program that is so expert it will knock you for some!!
But when it comes to giving it to someone else to do, like the muso saying ” here is the tune it is easy to play”, OK Mozart I’ll have a go. Or the computer geek saying all you have to do is set this to this and then who to this and make sure that you take this time frame and that signal selection and that you have at least this much in your account and that infinitum.
Hmm these EAs are all the rage must give them an attempt. In fact why not use a Software, then I can just head off to my day job, and rake in plenty of dosh without so much as a sweat. Who wants to watch the monitors anyway, I would rather enjoy the Football Screen and make money at the same time.