In any jargon filled subset of your world there will be people that are located 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. Perhaps it is music, staying ” up ” half the night playing a similar tune or maybe on the computer taking part in what ever game floats his or her’s boat. They become professional at whatever they undertake within that narrow subset of activities.
So lets invest in a Robot right? Incorrect! Like the person up through the night playing the computer game, such as the muso up all night repeating that tune and indeed similar to the Forex Junkie up forever working with software to produce all the killer system they all possess one thing in common. They realize they are doing (to a certain extent).
This is also true in financial traders. They will spend half the night every night, using certain systems, testing and re-testing particular scenarios choosing what ever computer system these like or have to hand. MT4 or Metatrader 4 seems to be the flavour of the month / year.
Principles, like reading newspapers and talking to certain companies and making phone calls to different industries, like lobbying governing administration that is old fashioned and an excessive amount work. Just give everyone a piece of software and two weeks and I will come up with a program that is so expert it’s going to knock you for six!!
The truth about all these devices and experts is who if you don’t put in the time YOURSELF you at the mercy of someone else’s system and it will never do the business the way you want it to help you. So do yourself some favour and do plenty of time yourself. It is definitely more than worth it. Now about this Electric Ladyland riff.
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 one’s destiny testing will give you the same effect but hey, what else have I got to go on. Er.. real live maybe.
Hmm these EAs are generally all the rage must give them a try. In fact why not use a Robot, then I can just go 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 watch the Football Screen and make money at the same time.
But when it comes to providing it to someone else you need to do, like the muso saying inch here is the tune it is easy to play”, OK Mozart I’ll give it a go. Or the computer nerd saying all you have to do is set this to this and then which usually to this and make sure that you make use time frame and that signal selection and that you have at least anywhere near this much in your account and that infinitum.
You can test and re-test with comparative ease. You can convince the system and convince yourself that system is the silver round. You can make Robots using their system EAs they are called. Expert Advisors. Gone are the days of spending weeks or simply months figuring out systems 2 bottle checking and re-double reading your system before you presented it to the Chairman of your financial company.