[Closed] Bots vs High Frequency Trading, is there a difference?

There's no benefit for the poker rooms to allow it really. No one wants to play against robots, that takes all the fun out of it for the fish. If they were allowed and alot of pro's started making and selling them online poker will die really quickly imo, Since most of the players will be robots.

In a live game would you rather sit with 8 robots on a tabel or 8 humans?

Poker is more of a sport, for someone to win another has to lose so bots are considered unfair advantage(like in chess), but winning money trading the markets doesn't necessarily mean someone else is going to lose that money as it is in poker, the whole concept is not competition (people vs people) and that's why computers can't be considered harm or unfair.

Did you read the original post? It's not really related to poker.

Although silent21 I can't really help you

Trading shouldn't be compared to gaming imo

If bots were allowed, where would it end?

Originally posted by Joronamo
If bots were allowed, where would it end?

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Originally posted by TobyCS
Did you read the original post? It's not really related to poker.

I think the market has so much more variables and outside things where you can gather your knowledge from that are impossible to put in a bot.

Trading shouldn't be compared to gaming imo

Trading is just about the same thing as playing poker. Same concepts about expectancy, same money management, risk-reward, ROI, problems with comissions (spread/rake) - permanent search of the lower possible.

Difference is that trading is based on "real" stuff ( economic releases, price, profits, wars, GBP, whatever ) while poker is based on "not-real" stuff (how do some cards come... nothing to do with anything).

Really good question (first post). I would love to play poker with bots, just download a poker game for your phone and play, you'll find in 2 minutes a flaw in their "thinking" and absolutely crush them.

Maybe it's because while trading you don't know where you take or to who you give your money exactly (parts are not known), while in poker you know exactly. This sounds "moral" enough for a reason.

Who knows, maybe poker will get there sometime!

Deviating a little, it's legal to write an automatic trading program, problem is it's a living hell to write one that works. Basically every combination of the well-known indicators doesn't work (MA, RSI, MACD, etc.). I hope to clear things up since i will write for finishing uni a paper on the rentability of trading systems in forex.

I think that it's impossible for a simple program to work because if it did someone would have made it already and extracted profits out of the market until it would adjust and started to lose (sounds familiar in poker?).

That's why i believe the way to go in trading is by discretionary systems, not mechanical ones. (harder to program support and resistance for example).

There should be a corner for poker players that also trade (or the other way around), i would be very happy to know about your results and way of thinking in general.

Final though: don't you find that trading is actually more of a gamble than playing poker? What chance do you have to make like 1000 trades to find out what's your expectancy while you trade on D1 or on news???