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