Stifler1026
New Member
Started out trading FX discretionary but wasn't good at all, so after 2 years I got into Algotrading which is easier in the Futures market as there is no price deviations between the Brokers, so I made the transition.
if you are developing trading strategies manually it takes 100+ attemps to find one profitable strategy tho and this Strategy will fail at some point in the future, as all strategies will. So the only way to stay alive is continously develop new strategies and add them to the Portfolio.
If you are doing all this manually you'll be working forever so the key is to automate the whole process, which I just did.
Algos don't need to be super complicated, but I find that most of the time the stuff that works is easy to express in words, but not AS easy to code (like not in one line only)
To provide one example of an Entry I used for example counted the amount of red & blue candles in the past x bars, if there were more red bars the algo would go long and vice versa. Of course this is only the leading filter, you also need a trigger there. Volume is pretty good for that, but ofc isn't as helpful if you trade Forex as you don't get to see the Volume of the whole Market
if you are developing trading strategies manually it takes 100+ attemps to find one profitable strategy tho and this Strategy will fail at some point in the future, as all strategies will. So the only way to stay alive is continously develop new strategies and add them to the Portfolio.
If you are doing all this manually you'll be working forever so the key is to automate the whole process, which I just did.
Algos don't need to be super complicated, but I find that most of the time the stuff that works is easy to express in words, but not AS easy to code (like not in one line only)
To provide one example of an Entry I used for example counted the amount of red & blue candles in the past x bars, if there were more red bars the algo would go long and vice versa. Of course this is only the leading filter, you also need a trigger there. Volume is pretty good for that, but ofc isn't as helpful if you trade Forex as you don't get to see the Volume of the whole Market
