Black box or algorithmic trading systems can be an attractive option for traders in theory. I ﬁrst want to connect these types of systems to the way humans evaluate risk by nature: limited risk, low eﬀort, and high potential return. This perfect system doesn’t exist in today’s market. This book is all about red ﬂags in the trading world, so if a program hits the three criteria just mentioned—the end result would likely be harmful to all involved.
As the world’s technology advances, so do the market. Predictions and promises regarding “Black Box” trading and its capabilities are full of promises with empty results. Regardless of the truth, this is by far the most trendy form of trading today as computers and technology seem to attract more and more customers.
In 2008, the S&P 500 hit all-time lows. Because of these lows, just about every automated system in existence became utterly obsolete. Although this was a diﬃcult time for many, in the grand scheme, times couldn’t be more exciting. Why? Because the playing ﬁeld had once again become equal. Trading ﬂoors, stock advisors, and day traders alike were forced to reevaluate their trading systems.
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