First, you need to determine how your strategy calculates the order quantity, which can be based on: 1. Quantity of shares 2. Amount of money 3. Percentage This article elaborates on the points of using "Fixed Order Amount" . The amount of margin required for a trade depends on your risk tolerance. Using "BOT | Trend" as an example, In the backtested...
Importance of Comparing Automated Trading Strategies to Buy&Hold | 04/15/23 Recently, TradingView introduced a new backtesting feature that allows traders to compare their trading strategy to simple "buy and hold" strategies. This has proven to be very useful for our trading team and crypto community, especially when attempting to find the best settings for...
Part 1 of the video. Part 2 will be linked below in the related section. "Master" stop under/over the price for swing trades. "First" long and short filters. Automated trading.
"Master" stop under/over the price for swing trades. "First" long and short filters. Automated trading. Part 2 of the video.
In this idea I will make an in-depth tutorial on how to use the Accumulation Strategy and how to automate it. █ PRESENTATION The strategy is in the form of an invite-only script providing backtesting and alerts. Here is a link to the script page: Goals • Steady profits. Smalls profits over time and no drawdown as long as you don't sell in loss. • Peace...
Running a strategy with a proven edge has me comfortable mentally on how a trade plays out, Be it a stop out or a take profit target met. Also automating those proven strategies and just letting them be helped with my mental state as a trader. Trade alerted 17:45 this afternoon and has been close once to TP. I didn't know this I was in the garden enjoying...
I just had a little look into "robots". I've known from reading some of the BIS reports that Forex quants mostly vanished after 2008. But I wanted to go on these FX retail sites that are heavy in the "automated" very short term "trading", which is not actually day trading as they run these programs 24/24 there is no "end of the day so let's stay out of the market...
There are a couple of reasons why to use automated trading, like better risk management, human error, easier to diversify, and Psychology In this post, the focus is on psychology. Here are some of the cognitive biases that affect trading: Loss aversion - the tendency to prefer avoiding losses to acquiring equivalent gains. It feels much worse losing $100...
Science Has Proven That Reading This Education Post Will Either Put You To Sleep or Put You On Your Path To That Lamborghini. Let's Start From The Beginning... (Print this entire tutorial as a reference) WHAT IS GRID TRADING? Grid trading is a type of trading, typically managed by a dedicated Grid Bot. In a nutshell, you select a range, you...