I LOVE THE BZ

[PTG]

What makes traders go EA crazy?

What is it why EA's make traders crazy ?

Margin calls after the drawdowns were a bit on the high side.

[bredin]

EAs arent made by traders, who understand that trading is an art, they are made by coders that think trading is a science.

[newschool]

What makes traders go EA crazy?

I am lazy and want to enjoy life at its fullest. It is funny that I say that because for the last 5 months, I have been reading, learning, testing and coding for Forex most of my days, sometimes nights. If we consider the cost of housing, food, basically the cost of living, I have been investing grands of money in this.

I believe we should retire when we are in our twenties, and then work AFTER we had great life experiences.

Also I dont believe in our current socialist (almost communism) society, and I am not interested to give back by having a crappy desk job for the rest of my life.

[TheRumpledOne]

Trading: art or science?

A lot of one and a little of the other?

Trading is discipline and an edge. Without both, you lose.

[Patch]

I like the idea of EAs and auto traders for a few reasons.

1. they allow back testing and a way to determine possible optimal entry, TP and pips from entry to exit as a SL with reference to the BuyZone which I happen to love also.

2. I am using the back testing to test whether the green or red rat comes out better. And the notion of what time frame is most profitable.

3. If it turns out the London open is the most profitable time to trade, I will set up to trade for that time increment, and sleep, and have a life with my family. For unattended auto trading times, I will use micro lots run off a remote server.

4. Now that I've almost caught my computer back up to where it was a month ago, I am going to run trade parameter tests of a short time span and see what I can learn.

and Number FIVE Why I love EAS? - I like EA auto trading because the EA doesn't have emotional hangups or swings and it remains very calm through out the entire trading period.

Patch
In VA

[noone22]

What makes traders go EA crazy?

They think, that their EA or computer would be a better trader,
than they are.

It's a pitty, but this seems to be illusion.

P.S. I'm computer programmer myself, and know
exactly about the subject.

Even if you have a perfect system
(for me - BZ doesn't belong to perfect list unfortunately),
to educate the computer
to trade this system exactly as you do -
is not even art or science, it's something more.

[newschool]

noone22,

I absolutely don't believe an EA is a better trader. I certainely know it will take more false entries and overall will be less positive than a manual trader.

It is simply the human eye effect. When you look at a chart, you see hundred of small indicators. In one look you can see the range over the last hours, day, you can see price movement, support, resistance, trends , false b/o, reversal.... to code an EA wich will work with all these variables is almost impossible. And most of all, the EA will need to work with cold numbers, and we all know that a trader needs to adapt and be relative, an EA cannot do that : its 1 or 0.

But in the end, making money while asleep is worth it...

[Patch]

newschool

And I add that learning to produce a profitable EA is a learning process. Not an overnight deal.

Patch

[noone22]

The first criteria for sucess is to have a perfect system.
Second: to master it.
Third: become profitable with it.
Only after that one could start thinking about delegating
human's responsibilities to computer or EA.

I'm currently between first & second.
But not with BZ - it has proved to be mysteriously
unprofitable for me.
Am I the only unlucky one with it?
Or just brave enough to say this loudly on TRO's forum?

[Patch]

Hi noone22

My BZ jury got derailed by a computer mess for a while and is still out; and back on the job working full steam ahead now that my computer is getting straighten out. To be continued.

What strategy are you pursuing now?

Patch
In VA