Becoming an Algorithmic Trader isn’t as difficult or complicated as you might think. By following the steps outlined in this post and video, I believe any trader can become or switch their trading to algorithmic.
Algorithmic Trading to me is simply having a fixed set of trading rules. These rules make up individual or collective trading strategies. You can trade these rules by manually monitoring the charts and placing trades when entry and exit conditions occur.
Better still, with a little bit of programming knowledge you can program the rules into your trading software. This enables you to run the strategy rules on historic price data to see how the strategy “would have” performed had you been trading it in the past. Many softwares allow you to the automate those rules meaning it trades for you as the signals to enter and exit come along.
Algo or Algorithmic Trading has a few different names depending on who you are talking to. It’s also sometimes called “automated trading” or using a “trading robot” or “bot”. Metatrader 4 (MT4) users sometimes call them “Expert Advisors”
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