Re:Ask HN: Anyone making money through algorithmic trading?
by origo on Thursday April 26, 2018 @01:33AM
(#16929076)
There are a lot of people using the very same algorithms for trading, and still make money.
Using a simple EMA crossover signal with RSI and volume support is quite sufficient to make lots of good trades, one big reason being the fact that a lot of traders actually use the very same indicators, and self-fulfilling the prophecy.
It takes more than just reading a few indicators to consistently trade successfully, but my point is that many 'algorithms' and 'trading systems' only really work when they are well known.
Using a simple EMA crossover signal with RSI and volume support is quite sufficient to make lots of good trades, one big reason being the fact that a lot of traders actually use the very same indicators, and self-fulfilling the prophecy.
It takes more than just reading a few indicators to consistently trade successfully, but my point is that many 'algorithms' and 'trading systems' only really work when they are well known.