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Thread: Computers to replace Traders

  1. #21
    Quote Originally Posted by ;
    Your brain isn't that special, you get a neural net inside your skull and you can get one in a pc case as well.
    I beg to disagree. The human brain is the most complicated aggregate of thing in the famous neural net using a QUADRILLION connections. I've been listening to this computers replacing humans stuff for ages. I think that it will occur for things such as arbitrage but like someone else said, that makes the calculations?

    Plogy principles the markets and that's 1 thing a computer won't grasp in our lifetimes at least.

  2. #22
    Man produced computers..computers never produced a man..Just over a decade ago. . .no one thought of computers like how we do now.

    Can anybody think of utilizing PC before 1995 with UNIX, DOS..Impossible in our day today life. PC's were just intended for rd..

    All thanks to Bill's ways and Windows..We have PC which can be used by ordinary individuals not by acadamics and MIT's.

    Windows 95 changed everything. . .He May have copied everything from CVM. .He may not have anything first to offer..BUT he's a one trully good businessman..he knows the way to sell..he is smart..shrewd and tactfull. .

    Microsoft may not have a thing original..but hell..these harvard men know how to earn billions..making other people to perform

    Anyway..hate or adore Bill..BUt he would be the only guy who changed the face of computers.

  3. #23
    Quote Originally Posted by ;
    I am more worried about mass algorithm trading by the big boys destroying the tradable patterns.
    Mass algoritm trading will produce the biggest pattern of all of them. There is algorithm trading and it works to specific extents but more so adjusted, upgraded factors and settings. Either way, the human element is still necessary, even though there are algorithms that correct,etc.. This multiplied out to a scale will make the need to correct and adapt faster and faster, requiring algorithms that are better and better computers. The size of this pie is going to be the same with or without it.

    By the way, have you ever set up grandmaster vs grandmaster on your comp. All ties. Comps won't ever have that advantage over humans, we aren't rational or logical. Let them build their enormous positions with more confidence and also the patterns will emerge.

  4. #24
    Quote Originally Posted by ;
    I beg to disagree. The human brain is the most complicated aggregate of matter in the known universe-a neural net using a QUADRILLION connections. I have been listening to the particular computers replacing humans stuff for ages. I believe like somebody else said, although it will happen concerning implementation for things like arbitrage, who creates the calculations?

    Plogy rules the markets and that is one thing a computer will not grasp within our lifetimes at least.
    So that you don't believe that they can make an artificial neural net with two quadrillion connections? Then we're on the same page, if you agree the only difference is the variety of connections. Lets just buy lots of off the shelf PC parts and make a giant cluster. Don't stop until you may operate a neural large enough so you're satified.

    I have been listening to the particular computers replacing humans stuff and by what I see, how they are. Which I see as a good thing.

  5. #25
    Quote Originally Posted by ;
    Plogy principles the markets and that's 1 thing a computer will not grasp within our lifetimes at least.
    Word!

  6. #26
    With the tech advancments we have seen in only the past 20 years who can forecast exactly what programers are capable of.
    20 years ago a friend of mine who's a phone operator contended with me which telephone personel would always be needed because computers could not service people effectivly.
    Our planet will change rapidly from here .
    Survival of the fitest is natures way . Unfortunatly that the fitest of the future will be those with the dollars to buy computer technology that I believe.
    Just my two cents

  7. #27
    Computers will continue to have their place in trading. The Renaissance hedge fund reevaluate their finance and does frequency trading and it would not have been achieved without computers since they're in and out of the market 100-1000 times a day in markets. Systems will be best performed with computers whereas systems may be done with traders. Anyways computers require humans to provide them the directions so youll need traders who have new thoughts and wrinkles to some trading egy. Computers cant program themselves so they need people. There is computers and btwn people the region of fund will require people. Be ready to adjust your own role.

    On another note: Computers are faster at calculations but they still can't comprehend the world more than a snail frees the globe. I believe that it is because the constraints of code. Only way they could beat us in the area of perception and consciousness is to process info like we do and that usually means a different way of studying computer code. If you can exactly imitate information is processed by the brains then maybe computers may perceive just like we perceive. Until this happens I just dont see the logic gate based structure of the computers of today beating us in perception and consciousness.

  8. #28
    I have read the posting created by a few traders to this particular thread.

    I would love to bring the fact that people are trading for several centuries now. People didn't have computers at first, and then they began using versions of computers and today the majority of the traders are currently using notebooks or PCs.

    With the high number of traders on the market, the Forex markets can't change randomly. If the large financial institutions opt to replace their current trading staff with computer generated systems, then what they're essentially doing is replacing the people that input orders for them. People will be required to create trading progr and track transactions. They will need individuals who are knowlegeable about trading when need arise, to over-ride the sytem transactions.

    I believe that these efforts by financial institutions are largely to raise trading efficency and reduce trading costs. The trading enviornment shall stay the same. As for the retail traders that they will find trading charts/patterns to stay the same. But to their advantage more user friendly'algo' platforms will emerge as platform vendors would take the opportunity to er into this retail market segment.

  9. #29
    Maybe if banks do use automated trading, I think they will, I believe it will be on our - that the speculators' - benefit because eloquent patterns will emerge since they will be moving price a lot more. And we have our visual to act as our edge.

  10. #30
    Quote Originally Posted by ;
    I am more worried about mass-produced trading from the big boys ruining the tradable patterns.
    A lot of an index futures trader would strongly imply that this has occurred in their market. This is evident in volatility through the years' decline to record levels. Daily ranges/ATRs have dropped from years ago. The spikes we have seen in August and November of this year have been a blessing for them.

    Quote Originally Posted by ;
    In the currency markets the vast majority of liquidity is not made by speculators but by companies and individuals who actually need to exchange currency for commercial reasons.
    This is wrong. I really don't have the figures before me (it's possible to assess the BIS triennial survey), but speculators compose the vast majority of FX volume.

    Quote Originally Posted by ;
    The big boys computers right now can handle simple index arbitrage, order matching and maintaining a orderly market by scalp trading.
    Computers are doing this since the 80s. Quantitative algorithmic trading today is beyond that amount.

    The trend towards 100% algorithmic trading in the institutional level is only accelerating. If you peruse the financial help-wanted segment for NY/London, just about any position is looking for quant developers, PhD preferred, etc.. If anybody should question their motives, look no farther than the great http://www.bloomberg.com/apps/news?p...95vQrefer=home. He employs an army of mathematical geniuses such as himself, and his returns over the past 25 years have decimated the competition.

    Quote Originally Posted by ;
    As for the retail traders that they will find trading charts/patterns to stay the same. But to their benefit user friendly'algo' platforms will emerge as platform vendors would take the chance to er to this retail market section.
    I concur with this. This year we've seen enlarging ATRs in currency pair, this has improved the trading possibilities . The marketplaces(ECNs), APIs, and platform choices have continued to expand for the retail systems trader.

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