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Old 12-29-2007, 08:10 PM
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ut2DaMax ut2DaMax is offline
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thanks .......... autofx

autofx thanks for saying what I wanted to say......... Gee ..........I thought for a moment though that 99.9 % of all traders could never trust or use an EXPERT ADVISOR .......... those scare tactics just don't work for me anymore......... even when the News Media uses these Scare Tactics! And I am tough as a ROUGH RIDER ..... Sincerly ... if an EA came in 1st or 2nd in the Championships, I am trading it live ..... even though I am a Bafoon at understanding their CODE! I am not pulling my Robot apart to see what makes it tick. ...... IMO ......... LOLI ...... LOLI .... LOLIPOP


NOW the area where I need to understand is how to keep the EXPERT functioning properly so that it can produce and beyond that I worry not. And this is an area I need to get better with ..... IMO





Quote:
Originally Posted by autofx View Post
Where do I start, hmmmm...

Having the awareness listed in points 1, 2, 7, 8 would be good for manual traders, but once you've got a thoroughly tested EA that has been proven in all market conditions, you can completely forget about that stuff. COMPLETELY.

I challenge that you have to be able to read and understand EAs if you're going to run them. THOROUGHLY TEST THEM IN ALL MARKET CONDITIONS, you bet. Have some understanding of what they're doing, and why, you bet. But read/understand the code itself? Not really necessary. I say this as a professional software engineer who supplies EAs to people with varying degrees of software savvy.

I also challenge the assertion that you have to be able to trade well manually before you should be running EAs. Why would that be?

Number 6 says "Technical indicators don't work". That's a silly statement, because what is the meaning of "work"? A technical indicator simply is what it is -- a mathematically determined quantity. What you choose to do with it is where the rubber hits the road. Strategies and tactics may or may not work, but technical indicators neither work nor do they NOT work -- they just are.

Now then...number 11. VERY GOOD! I agree with that 100%. And now I will add that the power of well constructed logic is very, very hard to thwart. Trying to "read the tea leaves" via fundamental and/or technical analysis, or otherwise trying to figure out what is going to happen next, is where everyone gets killed.

Better to simply REACT and CORRECT.

Last edited by ut2DaMax; 12-29-2007 at 08:27 PM.
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