Often, traders are pursuing the system's maximum profitability, upon creating trading strategies. However, it is more important not to increase the value of the expected profit, but to reduce the possible risk, which is expressed in the maximum allowable drawdown. A simple, but relatively reliable way to assess the trading strategy effectiveness is to determine...
Hello there Ladies and Gentlemen. I hope you find this useful. George Atkinson
In the previous 2 parts, I shared with you my story about how I started my journey in Algo trading. If you did not read those posts, please do it as you will see the whole picture. You will find them in the related ideas. For those who did it, I want to thank you for your time, interest, and feedback. Probably you will ask me, why do I continue Algo trading, as...
Let's move forward, and in this part, I will share with you my experience as a developer of trading robots. When I decided to create my first trading robot, the step was not so obvious. I was not a programmer, and I had no ideas about how to code trading robots. Sure, it was possible to learn the MQL4 language, but I did not want to spend my time on it. I had to...
I want to share with you my personal story of how I dived into Algo trading. In several parts, I will tell you why I decided to start using trading robots or so-called Expert Advisers. I will explain the reasons why I started developing my own trading robots. I will share with you arguments, why it is important to have trading robots in your portfolio, and how...
---Possible Product Review--- Okay, I have some serious mixed feelings today. I dont typically trade on mondays as today is the shake up of the market from the weekend and people's emotions from the market. So, I thought I would buy Scott Carney's harmonic scanner for trading view. the software was very pricey and i honestly had i very high hopes for the...
Hello traders I. Wisdom of the day Not all traders are winners obviously. But not all losers have to be a stop-loss. A lot of consecutive stop-loss and we're out of the "trading" game. What if there would be a way to stop... the stop-loss from getting hit? There isn't a universal way but... using another indicator on top of a trading system is very...
Hello traders I. Daily tutorial publishing challenge officially begins Starting today, I'll be publishing every night what were the setups given by the Algorithm Builder CRYPTO II. Why a 5-minutes chart? The indicator won't give more than 3/5 trades per day even. This is not a scalping trading method, it's intraday and based on smoothed indicators for...
Previous sell trade got break even. In this week we took a long first then a short. Our long position stop reached but short position is still moving.
Welcome to Part 2 of the series examining algorithmic support and resistance (S/R). Today we'll check out Apple Inc (AAPL), and how the algorithm defined S/R zones over the last 15 years. So, as I mentioned in Part 1 (see the Related Ideas link below), the algorithm incorporates a number of factors to determine, in real-time, viable support and resistance zones....
Hi y'all After publishing this Strategy-Builder-Crypto-Single-Trend-Plots/ I got asked a lot of questions privately challenging me to showcase what a more advanced version can do (please see in this idea what it can do) I use a custom algorithm and that's the whole point of the tool. You can define yours and it will be truly YOURS. In this case, I added...
Emotions... They are the reason why over 90% of traders fail. Emotions always get in the way. Technical analysis helps to measure the psychology of the market but its still very hard to trade using technical analysis without getting the emotions involved and even harder to automate trading using technical analysis. This is the biggest reasons why quants are...
I realise it's easy to state after the fact, but BCH has produced a clear example of fibonacci entry and first target hit. I just missed my entry as I noticed this a little late, highlighting the difference between trading and TA. However, its impossible to miss the confluence with the entry, RSI moving above 30, divergence appearing on the EWO and the entry at...