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?