[matheusmoreira]

> The simplest thing you can do is chase returns.

> Maybe you do that by looking at assets that have yielded large returns over the past N days.

So what is the performance of a technical analysis trading bot using such a simple algorithm for making buy and sell decisions? I don't trust myself to trade with discipline like that but I would totally trust software to do it for me.

I've observed that technical analysis is great when the price is simply oscillating. Plenty of money to be made in that back and forth... The problem is at any moment something can screw up the pattern. Maybe someone comes and places places a massive order worth hundreds of millions and the unexpected change in price wipes out any profits. A bot can probably close the position before it's too late but I'm only human.