New to Algo trading.

[motato]

Just wanted to say hi, any tips?ads asdasdasd asd d

 

[skrimon]

Algorithmic trading can be a game-changer, but definitely a journey! I found focusing on technical indicators and backtesting before going live really helped. What trading platform are you considering? Always happy to share some resources if you need!

 

[Fxzombie]

So far I still rely on manual trading, algo trading or automatic trading with an EA or similar which does provide several advantages but also has weaknesses. Before using it, you should understand how the algo trading works by testing the EA before doing real trading.

 

[skrimon]

So far I still rely on manual trading, algo trading or automatic trading with an EA or similar which does provide several advantages but also has weaknesses. Before using it, you should understand how the algo trading works by testing the EA before doing real trading.

Agree! Manual testing through demoing is crucial before deploying an EA. Algorithmic trading offers advantages like automation and potentially faster execution, but understanding the EA's logic and backtesting its performance helps identify potential weaknesses and fine-tune its parameters before risking real capital.

 

[wokeman]

Just wanted to say hi, any tips?ads asdasdasd asd d

try to learn more about it

 

[Fin_Trader]

In Forex, it is important not only to develop strategies correctly and understand their algorithms, but also to adhere to risk management principles. The use of stop losses, take profits, asset diversification and the correct risk-reward ratio are the most important components of algorithmic trading.