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Hi Mark,
I guess we can agree to disagree on the capabilities of computers. My firm
belief after working in that industry for 15 years is that computers are
excellent tools, but by no means can they do everything better than a human
can do.
To each his own...
Bob
-----Original Message-----
From: Mark Brown <markbrown@xxxxxxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Wednesday, February 16, 2000 3:09 PM
Subject: Re[2]: Which holds best promise?
>Hello Bob,
>
>BH> I understand what you are saying. My point is that a computer can't
>BH> recognize the conditions, only the human eye can.
>
>Wrong - if you ever watch A&E Investigative reports you would know
>that it has been proven time and again that what the human eye sees is
>in fact a rough guess of what we expect to see! Then in a court of law
>it has been proven time and again that eyewitness accounts can be
>wrong! So why would I belive that the human eye would be better than a
>computer at picking trades?
>
>H> And IMHO you must be able to adjust your trading to fit the
>BH> environment (I am referring to intraday trading of the SP/ND/DJ in
>BH> particular) We can have clean trends, ranges, slop and chop, etc.
>BH> The setups, stops and objectives may be determined in the same
>BH> manner, but how you handle the different conditions can mean the
>BH> difference between losing and winning trades/days.
>
>Anything a human can do as far as trading goes - a computer can do
>better. The industry standard for discretionary vs systematic money
>managers proves that.
>
>BH> I really believe the setups, stops, etc. are fairly simple to figure
out if
>BH> you can read price. It's the trade management that makes the
difference.
>
>if you only use price as you say and not indicators then the simple
>price over time calculation will run more efficiently in a computer
>than it ever will in your brain. And just think of all those
>psychological courses you save "not" wasting your money on.
>
>BH> Bob
>
> Mark, the mechanical trader
>
>
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