Wednesday, August 31, 2011

trading with three laws of robotics


i was reading 

Isaac Asimov's "Three Laws of Robotics"

it has occured to me that if a trading system is like a robot
it must obey these 3 laws meant for robotics.

here are the adaptations of the three laws of robotics
to the trading system

law one of robotics : a robot may not injure a human being or, through inaction, allow a human being to come to harm.

adaptation of the law to trading system : a trading system may not cause substantial loss to a trader or, through inaction, allow a trader to come to loss.

law two of robotics : a robot must obey any orders given to it by human beings, except where such orders would conflict with the first law.

adaptation of the law to trading system : a trading system must NOT obey any orders given to it by the trader in the heat of the trading - it should trade strictly as per its defined rules, except where such disobedience would conflict with the first law.

law three of robotics : a robot must protect its own existence as long as such protection does not conflict with the first or second law.

adaptation of the law to trading system : a trading system must protect its own existence as long as such protection does not conflict with the first or second law.

1 comment:

autostrada said...

Dear jagmohan.... Incase you are interested in robotics....

Go to singularity.com/ net website, google it... lots of interesting stuff... though personally i dont agree with all the stuff they have in the making...