Hello wxytrader, EXACTLY. Quant trading is a SCAM. Just something to send traders down 1000 rabbit holes. If quant trading worked, no-one would be talking about it, they be getting rich. Anything with 100% Fully Automated Trading Systems is a scam. It does not work. NO-ONE on this planet can produce a 100% Fully Automated Trading System that makes +$XXXX per ES/NQ contract or any stock or any Option per month and prove in back test. NO-ONE. And anyone saying they can is a LIAR and SCAMMER because this person would never ever tell someone they can, or this person would be robbed or followed or tracked. She or He would be getting rich in silence and enjoying life. So 100% Fully Automated Trading System is a LIE and a complete waste of time. Easier to stare, guess and click.
Last firm I worked at I never saw anyone manually trade unless there was some error. We were very large in es and nq
Hello 2rosy, Yes, a firm or hedge fund or group of engineers/scientist/programmers can achieve 100% fully algos with the right money backing for development. But someone alone trader at home will not work.
As a retail trader you can't compete with algos in short term trading...I can but that's because I know where price is going before the algos...if you are waiting for a "signal" you will be too late. The shorter the time frame the greater the disadvantage. You guys remember when Roaring Kitty said let's end it... to trigger the algos which heard it as let's send it and shorted GME instantly.