Mechanical trading systems are, as you would expect, systems that make trading decisions for you.

The thought of having mechanical trading systems you can simply use to generate automatic profits, is obviously very attractive to many traders.

Most traders however, end up disappointed with mechanical trading systems, as they never seem to live up to the sales hype, and the performance figures used to sell the system never seem to be repeated in real life.

Why do most mechanical Trading Systems fail to live up to the Hype? There are two main reasons for this:

Black Box Systems

These are systems where the vendor does not reveal the logic of the system. Of course, for a trading system to be successful it needs following rigidly with discipline.

If however, you don