Computers to replace Traders - Page 4
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Thread: Computers to replace Traders

  1. #31
    hmmm.... This would make market movements considerably more predictable honestly, take those computer activated carry trades a couple of weeks ago...

  2. #32
    NEW NFA RULES.... My view:

    The new NFA rules that prohibit HEDGING go into effect beginning next week.

    A while ago I had voiced my opinion on the effect auto-trading (see below). Together with the new NFA rules I need to mention that one reason they are currently doing out with HEDGING is to restrict the amount of traders using a'black-box'. I am uncertain how effective these auto-traders were by the looks of it they have to have been profitable. Of course this is my view, but I think there is some merit to it.


    Quote Originally Posted by ;
    I have read the posting created by some traders to this particular thread.

    I would love to bring the simple fact that people are trading for many centuries now. Individuals didn't have computers at first, and then they began using early versions of computers and most of the traders are using laptops or PCs.

    With the large number of traders on the market, the Forex markets cannot change randomly. If the large financial institutions decide to replace their current trading staff using computer generated systems, then they will be essentially doing is substituting the...

  3. #33
    Quote Originally Posted by ;
    I believe markets will behave more tremendously when automated trding becomes an ideal science. Personally, I think there is already a lot of automated trading and it is proving a success. I wouldn't rely on this trend going and reversing the way of the Royal human trader. Human traders will need to use these algorithms.

    I also believe automated systems would function great on NFP. A computer calculating per tick utilizing a algorithm backtested with NFP data that is past going back years. Those quick moving conditions are tough for people to...
    lol what? Markets will behave more tremendously when automated trading becomes a science how can a accurate, absolutely scientifical program call a wild random market? If anything, the market will out. You'll have a computer buying to get a hundred pips, and another selling for a hundred pips, then the one buying . When a system gets involved, and they are left to create their own processes and approaches, or in this case the market goes, it will eventually become predictable and repetitive. The machines will make it easy as possible or as efficient. What you'll see is a lot of predictable ranges and those ranges will fall until they are totally untradeable except for computers.

    So no. It wont become wild and unpredictable, it will do the total opposite. But it will do it in a means which makes it near impossible for human traders clicking a mouse to trade it.

    Also, the further that banks and institutions start to utilize progr, the further the guide trading style banks and institutions might have to use progr in order to keep up.

    However, this isnt happening anytime soon. You can say these men are doing so all you need, but they are not. Automated trading is so unpredictable and unreliable right now that no one can use it effectively in the forex market. You can however, use it at the stock market. But the majority of those progr buy . Something anyone with an ounce of brain matter can do. so nothing fancy there.

    I have been on three seperate trading floors at one bank and two big institutions/brokers. Not one of them said an automated trading system. As well as the bank was one of the greatest in the business.

    That is just more of the fear-mongering we have become used to in western society. Until you cant just keep trading. There is no use in wondering what's gonna happen in thirty decades. The majority of us wont be trading by this time. I am gonna be retired by then lol.

  4. #34
    Quote Originally Posted by ;
    automated trading is indeed unpredictable and unreliable right now that nobody can use it effectively in the forex market
    This is absolutely not true.

  5. #35
    Quote Originally Posted by ;
    That is absolutely not true.
    It was. If it wasn't everyone would be doing it we would hear people developing this cool new trading strategy that everyone wants to buy. But they are not. I am not saying it cant be efficient and reliable, however at the moment it isn't. And I am not discussing the EAs that everyone likes to develop, because I've seen them perform, but only for limited times and never simply by themselves. I am speaking about those so-called super trading calculations that exchange entirely that the big guys use.

    They dont work and they wont replace us anytime soon. That is a truth, and you can dispute it all you want, but there it is. Come back to me once you find an algorithm that will always make me money throughout all market conditions over a large amount of time. Then we'll talk.

  6. #36
    The preparation for TERAHERTZ cpu's has been set before cpu's will process more information quicker than a human brain per second and it is only a matter of time. Even WITH multitasking.

    Since people move the market in forex..what would occur if Puters were ones moving the market?

    Forex Magadroid robot has been claiming it works in any market condition. .
    The results so far have been fascinating
    (I don't have it)

  7. #37
    Quote Originally Posted by ;
    they just dont work and they wont replace us anytime soon. That's a truth, and it can be disputed by you all you want, but there it is. Come back to me when you find an algorithm that will make me money throughout all market conditions over a great deal of time. Then we will talk.
    It's merely a matter of semantics. What's automated trading? As you already pointed out we are not talking EA's here... High frequency egies like market manufacturing is largely automated because they are extremely sensitive to latency and so lend themselves to be more efficiently executed by computers. The same goes with higher frequency arbitrage egies. They match your definition above.

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