Human touch and timing are two very difficult to program in any algorithm in platforms available to us, I mean programming in C + + or some script from platform. Not available to us or at least the vast majority of traders development department of systems engineers and mathematicians. Nor do we have the size of the trading accounts of the institutions.
The term "human touch" I mean that perception gives us observe the chart and see how each candle is formed, as the market develops, in every volume price level, the vision that is very difficult to program in some algorithm . Some say it's the same vision that leads to mistakes, can be, and to save us from many others as well, it comes down to the statistics of our system. The human touch is what gives us the ability to adapt to market changes in both intra-day and in the medium term. Also be present before any geopolitical incident that almost always have an impact on the markets.
But I am convinced that programming combined with the human touch and timing are very powerful tools when operating both intra day and in the medium term.
I mean programming tools that clearly show the imprint of the institutions on the volume, tools that help us manage an operations, inputs and outputs, our profit targets, stops and trailing stops. These tools and many more along with the timing and the "human touch" will help us be more effective in our daily trading.
It is clear that all this is worthless without a proper trading plan and without a proper money management policy. The last two items are fundamental in our system.
The automatic trading is not in my ability and I mean in many ways, but the most important is that I do not have the account size of institution or technology they possess, not to mention that in my case although orders are managed and is pretty fast I have this process automated, the disadvantage of not being connected near the server on which the orders are compensated, of course there is the possibility of renting a dedicated server in Chicago and win a few milliseconds, but for now not find it necessary. All these aspects are related to the system and trading plan that every trader should follow.
What if I have clear is that develop tools and combine with the human touch and the timing, form a powerful combination.
As I said once also intraday trader, I set up my own tools in C + + and NinjaScript.
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