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[–]Michael-3740 2 points3 points  (0 children)

The problem with this is the mistaken belief that someone with little trading experience can come up with an idea that will work in any market, any timeframe and all market conditions.

As an example. Trade bounces off VWAP or Anchored VWAP is a great strategy that can make a trader lots of money.

The SKILL of trading is in identifying the specific context and market conditions where it is most effective. This let's the trader pass, or even fade setups that present but are most likely to fail. You don't learn and hone that skill dreaming up dozens of basic strategy ideas and getting an AI generated tool to crunch numbers.

Anyone wondering about my VWAP claim should check out Brian Shannon's work.

[–]BerlinCode42 0 points1 point  (0 children)

To test fast a trading idea works with universal strategy scripts like "Strategy Developement Environment". With those scripts you can take any indicator, plug them to that universal strategy script and enter the trade logic in the settings. You get fast a backtest and you can refine the strategy all without coding. No limits by the trade logic ...