Wednesday July 14, 2021 - 19:15:04 GMT
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Global-View.com - www.global-view.com
Can Trading Be Made Easy?
Imagine yourself sitting on the beach sipping a cold drink, turning on your automated trading algo, and watching the profits roll in. Well, dream on.
Let me be clear. Trading is never easy/. There is no free lunch in the trading business. I wish there was but such is not in the cards. To prove my point, I have done some research that I will share with you. I will also share a way to make trading seem easy by following the logic of my algo. .
I spoke with three individuals plus myself who have tested automated trading strategies. While the sample is small, each has extensive experience testing algos:
- One person hired a team of quant types to produce a suite of automated trading strategies. In each case, none of the strategies stood the test of time and eventually either stopped working right or outright imploded. This was undertaken using programmers with top mathematical skills that ended with disappointing results.
- Another person tested many automated trading strategies that could be offered to clients as managed accounts. Here, too, the strategies proved disappointing as most eventually “blew up” the accounts, even the ones that started out making money. Some only worked in certain market conditions and could not adapt when conditions changed. Others got blown up by surprise news headline reactions. This firm has since switched its approach to offer strategies executed manually by experienced prop traders,
- My developer has extensive experience programming automated trading strategies. He said that he has “worked on over 1000 programs and the only ones that had a chance of succeeding were those that included human intervention.”
- I personally spent time trying to automate strategies using the Amazing Trader. What made this approach unique is that the logic performed in all market conditions. However, the challenge was to avoid getting chopped up by false starts. While I was able to mitigate some of the chop it was not enough to satisfy my high expectations.
So, I decided to combine the best of all worlds. I took the logic of my algo and turned it into a manual trading system by filtering out what I see as false starts, only focusing on what I identify as higher probability trading patterns. In other words, You, too, can start trading trade like my algo would while controlling your own trading decisions.
Many of you have seen me talk about The Amazing Trader and strategies designed to trade using it. The essence of it is my automated trading algo traded with human intervention. To see the logic behind this strategy and get access to it, click on the following:
AT Trading Strategy Logic
Feel free to contact me to ask any questions or for further details.
Co-founder Global-View.com and creator of The Amazing Trader
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