I had a personal exchange with Nords about what the system does, but not going into any details as it is not what is requested or addressed by the two previous posters and staying on the surface at the psychological level, it's funny to see how people are generally skeptical about trading automation.
I guess the primary frustration comes from the fact that nobody can envisage that a "stupid machine" could do better something that we humans have so many difficulties achieving. So people state that it blows over time (my experience is that it happens but to human traders more than to machines !), or that it does not work, or... etc. Everybody knows that trading is difficult so how could a machine be more clever than us
It is both our failures (let me know of anyone who has traded and has never failed) and our competitive positioning with the system that makes us defiant.
But, acknowledge the truth. Experiments have been made with groups and PhDs do not succeed better than others (I know that for sure !). Successful trading has nothing to do with intelligence per se, and there are many psychological factors that make most human being fail with trading (many books address the issue). Many traders when you tell them "but the heck why did you do that !" say "yes I know, I knew I should not have done it, but it was compulsive, I did it !", kind of self punitive.
So the rules are well known. They can be put black on white. Not blowing an account on margin is just an equation, etc. A specification can be written of a system which does not infringe the rules that he knows it has to follow. And though not being the best trader on earth, consistency over time makes that automated trader beat most (99% ?) human traders over long period of time as it is - if manually done - a lot of work everyday, and we all have good and bad days, which the machine has not !
It's funny to see computers and AI programmes embarked in sophisticated systems and controlling many of our daily lives experiences, like trusting the aeroplane navigation system, the surgeon electronic devices, etc. We are all confident, but as soon as it is trading, everybody expects the system to crash !!!!
Planes take off, fly and land on their own if necessary. And nobody would expect them to crash ! Trading is not that complicated but is so much emotionally loaded as we talk about money !!!
Trading automation is like printing notes. Cannot work !
Well two cents to foster a bit ideas.
