Posted by fishbait on 11th of May 2011 at 06:26 pm
The hardest thing to do is trust something mechanical when we
are flying blind. If the airplane is flying at night in a storm all
the pilot has is his mechanical instruments. If he decides to
ignore then he surely will crash. The same is true of mechanical
trading systems that have been back tested for 15 years or so. This
is why I believe only in a mechanical system. Once it is set up and
running a 5th grader can operate it. So if Matt has done his
backtrading properly and never changes the program, then this is
the holy grail of a trading system. I would rather fly using
instuments than blind.
trust
System Psychology, etc
Posted by fishbait on 11th of May 2011 at 06:26 pm
The hardest thing to do is trust something mechanical when we are flying blind. If the airplane is flying at night in a storm all the pilot has is his mechanical instruments. If he decides to ignore then he surely will crash. The same is true of mechanical trading systems that have been back tested for 15 years or so. This is why I believe only in a mechanical system. Once it is set up and running a 5th grader can operate it. So if Matt has done his backtrading properly and never changes the program, then this is the holy grail of a trading system. I would rather fly using instuments than blind.
Movie Quote: Hunt for Red October
Posted by cubby on 11th of May 2011 at 06:55 pm
Kamarov : Stop pissing, Yuri. Give me a stopwatch and a map, and I'll fly the Alps in a plane with no windows.
Yuri (Diving Officer) : If the map is accurate enough.