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:
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...
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