Interesting...thus confirming the popularity of algo trading.....especially for emini index futures and forex. He also confirms the fact that Ninja Trader has become a strong platform for automated trading.
Don't put too much value in any one person. Because with trading, just as in life, there is an equal counterside that can be just as right He emphasizes algo/automated trading -- but I still think the best trades/traders...are discretionary; Trading is part art, part science.
I somewhat agree. I keep wondering ... what is the split between art and science ? This harkens back to Navinder Sarao who was a superb discretionary trader (art).... yet was huge on algos as well (science).
Listened to Michael Cook on better system trader podcast. He's won twice I believe. He does mention that his approach there is different then his regular trading. To win you have to kind of go big or go home type of thing. Wonder if any of them actually trade the winning systems live as is or tone them down for risk.
I always try to keep in mind that the "industry" of trading can't SELL the art of trading nearly as much as the "science" of trading, and this explains which of the two will be promoted the most...be cautious of that. For my methodology, it would be difficult to quantify an "art" to "science" trading ratio. The problem being that my scientific work has much more volume to it, but without the artistic awareness...I have nothing!