Gelet: Automating Elite systems

摘要

Joe Gelet can sum up his trading philosophy in four words: The market is random. But as simple as it may sound, that fundamental truth forms the basis for Gelet's most elaborate efforts. Because, while the market might be haphazard, it has led Gelet to develop automated strategies that definitely aren't.rnA registered commodity trading advisor (CTA), Gelet is the president of Elite E Services, a company that builds and sells trading strategies for the forex market. Human traders, he says, make mistakes and press wrong buttons. But, "with an automated system you have control."rnJust 10 years ago, the industry considered automated trading to be "almost heresy," Gelet says. But as tools have developed, the tide has turned toward automated systems that don't depend on the so-called market trends.