Winners of the Automated Trading Championship

What do you more experienced traders think of automated trading?

I never liked doing it because they typically suffer HUGE draw downs because the systems are usually so curve fit to the time frame and markets they are fit that as soon as the market shifts from a trend to non trend it all goes ape ****.

The idea is great. I wish I had a black box that printed money without my involvement, emotion, or managment.

I haven’t found the holy grail yet, maybe these guys did.

Check out the interview with the winner:

Interview with the Winner of the Automated Trading Championship 2006 Roman Zamozhniy

Have you ever been offered to sell it??
Yes, I have, but I scruple to do it. As I said before, it won by chance. Cheating buyers is just spotting one�s reputation.

I loved this quote, buyers beware when buying an EA.

If I was going to use an EA I would research the medium fully,
then build my own. But at the moment I am very happy with my
own manual system.

The thing with EAs are they are temporary. What works this month might not work the next. That goes with EAs and systems really. No one knows what the future holds.

To really have a successful EA you have to continue to tweak and tune it. I have yet to find one that is successful in the long run.