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First Definition:
A trading system trades the market from programmed signals absent human
discretion.
Under this definition anybody with or without market experience could
expect similar results from trading it.
Second definition:
A trading system with human discretion trades the market from programmed
signals but results greatly depends on the market experience of the user.
Now maybe that will please all but we DO have to different definitions.
Robert
At 03:24 PM 7/25/1999 -0500, Robert W Cummings wrote:
>
>Not really Don it's my understanding of what the term system trading means.
>Your implying that I'm just being obnoxious or unbending about this term. I
>am obnoxious sometimes to avoid admitting I'm wrong but not now. I
>challenge you and Bob Fulks whom I have much respect to define in a
>sentence what accurately defines what the term system trading means.
>
>
>Robert
>
>
>
>
>>>I agree you can't call it a system if personal discretion is used. If you
>>>use historical results then to repeat those results you must take every
>>>trade no excuses. No crashes, no medical reasons nothing should prevent you
>>>from taking every trade. Your example about a diet is very good example and
>>>the real reason to have a system. I don't have a system I use price
>>>patterns and indicators to trade using my discretion. Two reason for that
>>>one I can't program well enough and to I use fundamentals in my trading
>>>decisions. What ever a trader does to trade is okay it's his money. The
>>>term SYSTEM means automation absent human decisions all the time and any
>>>time. The rest of the examples here need a new definition like semi-system
>>>trading.
>>>
>>>Robert
>>
>>Only when talking with you, Robert.
>>
>>don
>>
>>
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