Why you need to SWITCH to Algorithmic Trading!

Рет қаралды 1,208

Күн бұрын

Switching to algorithmic trading is the best thing you can do for your trading journey. In this video I will go over mistakes that you will need to avoid and tips on how to advance quickly.
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Content Time Stamp:
-------------------
00:00 Introduction
01:10 Advantage #1: Speed & Accuracy
02:02 Advantage #2: Diversification
02:33 Advantage #3: No Emotions
03:08 Advantage #4: Time Savings
03:28 Advantage #5: Backtesting
04:02 Disadvantage #1: Technology
04:34 Disadvantage #2: Technical Skills
04:55 Disadvantage #3: Overfitting
05:55 Mistake #1: Overfitting
06:19 Mistake #2: Hidden Costs
07:10 Mistake #3: Live Trading
08:03 Mistake #4: Look-ahead Bias
08:27 Mistake #5: Micro Managing
08:54 Mistake #6: Copying other Strategies
09:35 Mistake #7: Trading a Single Strategy
10:18 Tips #1: Monitor all Strategies
10:40 Tips #2: Keep a Database of your Developments
11:09 Tips #3: Don't judge a Strategy based on Total Profits
Let's Connect:
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DISCLAIMER: None of what I talk about to be construed as investment advice, I am not a financial adviser nor a CPA. The videos are for educational and entertainment purposes only. The information presented in the video is accurate as of the posting date of the video and might not be accurate in the future. All links in the description might have some affiliate links and I may receive a small commission. I only share the tools and resources that I love and use regularly. Thank you so much for your support! 😍
#Finance #Investing #AlgoTrading
Ali Casey here from StatOasis channel, I post about Finance, Investing, Algorithmic Trading and everything else in between.
I strive to provide the best education on the subjects mentioned above, the goal is take control of your financial future. If you like what you read, then subscribe and if you're still reading this, you rock! thank you ❤️

Пікірлер: 20

@Yewbzee 2 жыл бұрын

The point about keeping a database or journal is a very good one. In the past I have come back to strategies and wondered what the hell I was trying to do with it.

@StatOasis 2 жыл бұрын

😀 been there

@Ethan-hp6ux 2 жыл бұрын

Its really hard work being a algo trading and getting sucessful, and being a sucessfull trader without backtesting i cant imagaine:)

@StatOasis 2 жыл бұрын

Well said!

@vt1707 2 жыл бұрын

Tell me please, when u compare strategy annual return vs buy & hold, do u use fixed shares size + net profit in the code, or you just buy fixed shares each time? thanks

@StatOasis 2 жыл бұрын

for stocks we are always using the full account balance on every trade. you can always beat buy & hold either in profit or DrawDown or both by using a trading system. I have three portfolios in Go.StatOasis.com/Discord that trade monthly only and they all beat the buy & hold by 100% or more in yearly returns and DD

@3HWay 2 жыл бұрын

What's the next steps after taking actions of those tips in the video? I am looking of ways to identify (or quantitative measure) of degrading strategies in a portfolio. And, then how to replace the strategies (or re-Optimize the existing strategies) ? I wonder if those steps can be automated in a Custom Project workflow.

@StatOasis 2 жыл бұрын

next step is to learn the proper way to develop robust strategies. you can identify if the strategy is degrading by checking its signature periodically (depending on trade frequency) which currently is not doable in SQX/TS/MC/MT4 but you can do it manually in excel or write a simple program (any language) to check the signature, or even manually, however, if you are trading a portfolio there is a simpler way. I teach both ways in the Algo MasterClass

@mewithbaby-1187 2 жыл бұрын

@@StatOasis when is the masterclass will start?

@StatOasis 2 жыл бұрын

end of this month for discord members and March/April for subscribers

@Rogery_ 2 жыл бұрын

It would be nice to see some FX workflow.

@StatOasis 2 жыл бұрын

sure, will add it to post ideas

@majidghorabi1864 2 жыл бұрын

Hello Ali. If i set a trailing stop manually, it moves at each tick with price, but by the strategies built by sqx the trailing stop just acts on each bar open, it is not good. How can I adjust my strategies to move forward trailing stops by every tick?

@StatOasis 2 жыл бұрын

if you are using MT4 then code is executed on bar open so trailing stop will be calculated at bar open, if you use TradeStation then code executed on bar close, so trailing stop will be calculated at bar close. it doesn't matter if you use time bars or tick bars, above rules will apply

@shaunnie87 2 жыл бұрын

The enrollment is always closed. Any tentative timeline on it?

@StatOasis 2 жыл бұрын

End of year for discord members and Mar/Apr for subscribers

@edzme 2 жыл бұрын

Looking forward to it!

@defface777 2 жыл бұрын

Why do all youtubers put their face in every thumbnail??? lol !! I like your channel though, good information, thank you!

@StatOasis 2 жыл бұрын

not all of them, only the pretty ones 😊

@larrygranda6447 Жыл бұрын

There’s also plutohq? They offer cryptocurrency robo trading among other trading. Simple to get started for anyone getting their feet wet. Also paper automated trading games.