Stocks & Commodities V. 23:3 (82-85): Product Review: eASCTrend 6.0 EODS by David Penn
I don’t care how many pictures of traders with their well-shod feet propped up on mahogany Herman Miller desks we must be subjected to. The fact of the matter is that trading is hard work and there are only two ways that the average trader who dreams of success can
make money while looking anything like the Masters of Trading Serenity and Bliss that populate advertisements in financial magazines. The first is to
get somebody else to do your trading for you. The second is to get something else to do your trading for you.
In the world of the latter, there are as many rogues as there are righteous ones, and scanning through trader message boards for the conventional wisdom on
automated trading systems tends to produce more disgruntlement than gratitude. Unfortunately, it is often difficult to determine where the fault lies—in
nefarious software that fails to perform as advertised, or in clumsy, faint-hearted traders unable to stomach the drawdowns and underperformance streaks that are inevitable with even the most effective mechanical trading systems.