I honestly look at high frequency trading as a total joke. Tons of people are into it. The executable size is so tiny. The max you can make from high frequency trading is $100M a year. On another note, I have been seeing a lot of binary options managed accounts crap. It’s a total joke. All those binary options methods don’t have executable size. I’m lucky that I didn’t devote my time and energy to exploring high frequency trading. When I started traded FX at the age of 18, I realized the limitations of high frequency trading. I put all my time and effort into developing methods of executable size. I’m lucky I took the path I did.
On another note, I am amazed at how bad the market is at finding talent among forex traders. I’m thinking of starting a trading contest myself when I become richer. But something with real goodies. Like the top .1% get $1M cash and $100M to manage. The contest would have to be over a whole year. Leverage should be set to 10:1 on the contest. High commissions($50 per million) should be used in the contest to weed out high frequency traders and people using methods with a tiny executable size. I think if we get the top .1% of traders on the contest, they will consistently make money.
This week has been an amazing week. I am really liking how 2016 is going.