Hey!
Robots are some of my best friends.
Okay, I admit it, they are my only friends *sniff*.
But in all fairness, I know two groups who trade and make money. I know this b/c I get to see their live account balances.
One group hires traders, then gives each trader a portion of client's account in a MAM. The belief that humans are better than robots. They make great returns. Sometimes really great.
Another group constantly researches EAs and robots. They have lots and lots of robots, giving a small portion of each client's account to each robot. They have three full time guys who just watch the robots and servers 24 hours a day. The belief that robots make better traders, and humans great watchdogs. They too make regular returns.
I know there are lots of claims, but I see these accounts from the inside, so these aren't faked or anything. These are real dollars. In some cases serious dollars, as in millions being traded this way. But these are professional traders and fund managers. The point is that there is no absolute. Robots are good, and people are good. Sometimes robots are bad, and people are bad. It's all in the management.
If you know neither the enemy, nor yourself, you will succumb in every battle. -- Excerpted from mandatory reading for every military academy officer.
Trader 5of7
Live long, and generate Alpha.