In a jargon filled subset of your world there will be people that are located and breathe their appreciation. The folk that will be all the way up all night testing, practising and re testing what ever it’s that they are completely into. Maybe it is music, staying all the way up half the night playing the same tune or maybe on the computer playing what ever game floats most of the boat. They become expert at whatever they do within that narrow subset of activities.
But when it comes to allowing it to someone else to complete, like the muso saying ” here is the tune it is easy to play”, OK Mozart I’ll have a go. Or the computer geek saying all you have to do is set this to this and then that to this and make sure that you use this time frame and that signal selection and that you have at least anywhere near this much in your account and that infinitum.
Fundamentals, like reading newspapers and talking to certain companies and making phone calls to various industries, like lobbying government that is old fashioned and excessive work. Just give myself a piece of software and a few weeks and I will come up with a model that is so expert it’s going to knock you for six!!
So let us invest in a Robot right? Wrong! Like the person up through the night playing the computer game, much like the muso up all night practicing that tune and indeed much like the Forex Junkie up and last and last working with software to produce all the killer system they all get one thing in common. They know very well what they are doing (to a certain extent).
Hmm these EAs look all the rage must give them trying. In fact why not use a Tool, then I can just go to my day job, and rake in plenty of dosh without so much as a perspiration. Who wants to watch the screens anyway, I would rather see the Football Screen and make money at the same time.
You can test and re-test with distant relative ease. You can convince the device and convince yourself that this system is the silver topic. You can make Robots using their strategy EAs they are called. Expert Advisors. Gone are the days to weeks of spending weeks and also months figuring out systems double checking and re-double reading your system before you presented it to the Chairman of your fiscal company.
The truth about all these platforms and experts is which usually if you don’t put in the time YOUR SELF you at the mercy of someone else’s model and it will never really do the business the way you want it to. So do yourself your favour and do the time yourself. It is definitely more than worth it. Now about this Electric Ladyland riff.
This is also true of financial traders. They will use half the night every night, tinkering with certain systems, testing and re-testing particular scenarios applying what ever computer system they like or have to hand. MT4 or Metatrader 4 seems to be the flavour for the month / year.
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 the future testing will give you the same end result but hey, what as well have I got to go on. Im.. real live maybe.