Hi,
I have been looking into automation for the past few months as I am quite often busy with work etc and I'm not able to be behind my desk every trading manually on the horse racing.
The more I look over automation, the more my question comes to mind.
Is it possible to emulate exactly what I would do manually using a bot which follows rules that I determine, or, is it more of the case of automation (at this point in time) being better at supplemententing your manual trading and the bulk of the success being more likely to come from manual?
I make quite a lot of macro decisions when trading manually, and although they make sense to me, I think it could be a challenge to define them all to the point that the computer understands.
Would love to get peoples thoughts on this that have been around the markets for a while.
Regards.
Emulating Manual Trading With Automation
It depends on how you trade manually. I generally try to automate what I do manually but the more complex your manual methods are the harder it is to implement. I usually have to simplify it to some extent.lm1994 wrote: ↑Tue May 02, 2023 7:19 pmHi,
I have been looking into automation for the past few months as I am quite often busy with work etc and I'm not able to be behind my desk every trading manually on the horse racing.
The more I look over automation, the more my question comes to mind.
Is it possible to emulate exactly what I would do manually using a bot which follows rules that I determine, or, is it more of the case of automation (at this point in time) being better at supplemententing your manual trading and the bulk of the success being more likely to come from manual?
I make quite a lot of macro decisions when trading manually, and although they make sense to me, I think it could be a challenge to define them all to the point that the computer understands.
Would love to get peoples thoughts on this that have been around the markets for a while.
Regards.
-
ShaunWhite
- Posts: 10570
- Joined: Sat Sep 03, 2016 3:42 am
It's about the right tool for the job.
Trading manually uses a lot of subjective decisions you can't emulate with an algorithm and is likely to be small scale high margin. Whereas automation is ruthlessly objective so making less than optimal decisions, but it can be trading every selection in every event simultaneously if necessary 247365 for high scale small margins. They're different methods and mindsets, automation is lousy at manual trading techniques and manul traders wouldn't stand a hope in hell of doing what automation can do.
Trading manually uses a lot of subjective decisions you can't emulate with an algorithm and is likely to be small scale high margin. Whereas automation is ruthlessly objective so making less than optimal decisions, but it can be trading every selection in every event simultaneously if necessary 247365 for high scale small margins. They're different methods and mindsets, automation is lousy at manual trading techniques and manul traders wouldn't stand a hope in hell of doing what automation can do.
lm1994 wrote: ↑Tue May 02, 2023 7:19 pm...
Is it possible to emulate exactly what I would do manually using a bot which follows rules that I determine, or, is it more of the case of automation (at this point in time) being better at supplemententing your manual trading and the bulk of the success being more likely to come from manual?
...
If you can effectively formalise rules for automation from your manual trading and then convert it to some programming language, then why not? That's where I've started my automation journey. If it's "a challenge" then accept it.