Technical analysis came of age in the fifties when published Continues and stochastic indicators. It was criticized by advocates of fundamental analysis, who claimed that it is better to learn to read balance sheets, just like Warren Buffet do not render a large market share.
Then, with the collapse of Enron and others became apparent that a solid balance sheet wasn't enough and the argument was: "everything you need to know is built into the price."Tomorrow's value-and no one knows for sure what is going to be.
Why on earth would you think an Algorithmic system would be any good at pulling consistent profits from the market; the answer is testing you can place your day trading robot to pastures for some time, until you have transaction logs to show evidence of more random chance in terms of success rate.
If there was a way to turn lead into gold will know about it by now-even financial alchemy is alive and well.
When there is no greed, failure to follow close behind.Another clever dealer easily will try and use a new system to challenge common assumptions.
Markets and will change over time.You may be lucky enough to have been locked into a profitable pattern.As soon as it becomes known and many participants to begin to simulate the distribution of your pattern will disappear! is called arbitrage effects.
The 1990s William Eckhardt and Richard Dennis formed the turtle Trading experiment. the issue was to settle an argument between the two partners to tell if a trader's successful qualification can be reduced by a set of rules, in other words to negotiation be taught; the experiment was successful overwhelmingly with novice traders ends up making $ 100 million; Eckhardt who thought they would not be taught negotiation, had lost the bet with Dennis.
These days Wall Street magnates throw their Pearls to pigs. If you see someone promising a blackbox trading system run away as fast as you can. Only mwropistos idiots who want to be separated from their money will fall for this.
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