193: 5 ALGORITHMIC TRADING Lessons (learned the hard way)! - Alejandro Perez
2019-05-06
In episode 193 of the Desire To Trade Podcast, I am sitting down with Alejandro, a hybrid swing and day trader that became a collaborator at Desire To Trade Academy. Today we discuss 5 trading lessons related to algorithmic trading that we learned the hard way.
Watch: Video Interview
Topics Covered In This EpisodeWho is Alejandro Pérez and has been his trading path 00:54
Alejandro's development as an algo trader 03:38
How to handle drawdowns when implementing an algo strategy 07:51
Have alerts at the extremes of "normal" risk limits 10:18
When to know your strategy stops working 12:52
Thinking of algos strategies stats like "investment" profiles 16:18
Turning your algos during economic events/ news 17:44
The importance of always keep running your algos in demo even when they are already live 20:20
How often you go back and test potential improvements to your algos 22:17
What platform Alex uses to program his algos 25:22
How to know that you are ready to advance to the next step with your algo strategy development 28:02
The importance of keep working in your development process 34:55
Having different strategies to work on different market conditions 36:12
and much more
Resources Mentioned Join the Academy Trading Assistant Montreal Traders Meetup ForestParkFx Forex trading strategy I use FXPro Quant (free EA builder tool) DesireToTRADE Top ResourcesDesire To TRADE Forex Trader Community (free group!)
Complete Price Action Strategy Checklist (free checklist!)
One-Page Trading Plan (free template!)
DesireToTRADE Academy (exclusive training program)
How To Find Alejandro Perez? DesireToTRADE Academy Twitter @alexter6277What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
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