StockTrader6080

You don't have to be a progammer to use the CoolTrade system and it has what you are looking for. Keith

I use the cooltrade fully automated system and get similar p/l results. If you add to your holdings on 10% drops and take profits as the prices wiggle around, you can get the drawdowns and still not be over leveraged. As long as my trader is taking profits every day, monthy account balances just keeps growing. Keith

I agree totally with your comments. Developing strategies in isolation can get stale. I've joined multiple boards to work with others on strategies so I have built systems/strategies that work for me, without having to reinvent the wheel. I don't sit in front of the screens anymore since I have gone 100% automated. My 6 computers trade my accounts exactly as I would only without the emotion. Etrade just put out a press release announcing they are working with cooltrade now, so they too are joining the automated trading or robotic trading revolution. I know a guy who sits in front of 6 monitors all day and makes buy/sell decisions by watching the charts. He says his trading strategy is too complex to automate but I watch him trade sometimes and it seems he's only looking at a small subset of the things the computer is capable of watching on its own. Nowadays I just watch the screens to see what my traders are doing and I'm at ease regardless of what the market is doing. Keith

You need to build your rules ONE AT A TIME, and then stick to them. For instance for my long trades, I use rules like these: Average Daily Trade Range % (14) > 5 [means the stock moves at least 5% a day] Current Price is at least 5% < yesterday's close price [means only buy after a 5% drop] Current Price > 20 Day Simple Moving Averge [means it is still in a long-term uptrend. I simply get more winners than losers and make at least 5% on every trade. Keep it simple and ALWAYS stick to your rules! On another note, Beware of fund managers doing window dressing for the next few days as we approach the end of the month! Don't get caught too Long when the market tumbles! I don't believe this run-up is real for a second. I've changed my automated traders to not be in more than 5 long and 5 short positions at any time. Keith ------------------------------------------------------------------------------ Goodbye mutual funds Hello CoolTrade Robotic Traders

Come on Guys! You make it sound so complicated that people think their only solution is to dump their money into mutual funds and pray that it goes up. But remember this; Many mutual funds dropped 40% to 60% last year, while the "brilliant" fund managers got their money out and left everyone else to ride it down to the bottom. If any of those things you pointed out ever did happen, it would simply mean you were a 'buy-and-holder' for a day. As a mutual fund holder, you are a 'buy-and-holder' for years. Being down for 1 day is not the end of the world. As you pointed out, whole brokerages and exchanges go down, so anyone in the market is in the same boat. Cheers, ST