This got me thinking: is anyone working on the opposite: automated long-term trading bots?
What would be the point? HFT works because you can beat the market by being faster, I don't see how long term trading could beat the market unless you have insider information.
And if you can't beat the market, there is absolutely no point in the bot, as you can trivially just buy an index fund tracking the market. Which is also what I am doing, I would never use a bot over that, as it is just additional risk.
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What would be the point? HFT works because you can beat the market by being faster, I don't see how long term trading could beat the market unless you have insider information.
And if you can't beat the market, there is absolutely no point in the bot, as you can trivially just buy an index fund tracking the market. Which is also what I am doing, I would never use a bot over that, as it is just additional risk.