I have to agree with Peter: there is knowledge (as how to trade/read charts)
and then there is tool like an indicator or EA supporting the knowledge.
I have implemented several EA's, working on my own or with teams so far. The
long term profitable strategies required significant equity to have
sufficient buffer, while the others were simply not able to adjust
themselves to market behaviour changes over long periods. And this is where
the human factor steps in: an EA can be relatively easily prepared for one
market condition but the trader (ie the knowledge) will have to identify
that the market conditions are appropriate to run the EA or not. And there
could be multiple different EA's corresponding to different market
conditions... yes I am probably over simplifying things but this just might
be the reality of low-to-mid complexity EAs.
I am now rather doing trainings than spending more time implementing EAs:
knowledge first and then come the EAs (if at all)
Tibor
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