Friday, May 7, 2010

I TRADING ROBOT (RULES FOR ROBOTIC TRADERS)


The BANZAI7 INSTITUTE, recommends the immediate implementation of a command sequence incorporating each of the following trading priorities:

THE THREE LAWS OF TRADING ROBOTS (ISAAC ASIMOV)
  1. A trading robot may not injure a human portfolio or, through  trading action, allow a human being's net worth to come to harm.
  2. A trading robot must obey any orders given to it by human traders, except where such orders would conflict with the First Law.
  3. A trading robot must hedge and protect its own portfolio as long as such protection does not conflict with the First or Second Law.

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1 comment:

  1. AnonymousMay 8, 2010 at 1:58 PM

    If you want to buy a stock, first, you should place a huge sell order out of the trading range, then wait for the robot to drive the ask price down. When the price is right, put in a limited order at the ask price (sometime slightly about the ask price). Canceling orders that has been placed for a while can also move the market, because the robot are designed to use and react to it, which is a great weakness.

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