Automated Trading Success: Downtowntrader Doing It The Right Way

December 19th, 2008

Here’s another great post by Joey, the Downtowntrader. Joey was one of the earliest users of the trading robot. He’s trading the right way – he’s tested for several weeks in demo mode and then graduated to live trading, then trading with size.

He talks about his journey and goes into detail describing what I believe is a recipe for long term trading success. Here are some of the questions he answers:

  • Are the results real?
  • Does it ever blow up and have a really bad day?
  • Is your automated system profitable too?
  • How long did it take to develop your system?
  • Could you just use trade-ideas and trade the alerts manually?
  • Do you intervene with your system?
  • Can you use the canned alerts that come with Trade-Ideas?

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