Intro:
Hello traders, I am Athena. Like many of us, most traders jump to trading looking to make money online or ways to earn extra income hoping to quit their job eventually. Like most retail traders, we do not have very big trading capital, to begin with, so only a very small percentage of traders actually trades with more than 100k in their trading account and because of that whatever we are trading is too insignificant if we do not use leverage. But… Boom, as you know it, yes over using-leverage, will bust trading account for newbies like u and me.
Like everyone else, I started looking for that holy grail trading strategy. But if you have been trading for a while now, you will know that there’s no holy grail. Anyone telling you about 99% or 90% win better stay the fk out, trading is a zero-sum game, your losses will be somebody else’s gains.
“ Opportunity knocks. You’ve been waiting for this trade setup. It is taking shape and it’s looking good to you. All you have to do now is to execute the plan. It’s simple really. It’s the moment of decision that you know all too well when putting your capital at risk. You know what to do, but you can’t do it. You freeze. Time stands still as self-doubt seizes your mind– What if you’re wrong? What if you lose? What if you’re not right? The debate inside your head rages. You feel the fear bubbling up. Heart pounding, you watch yourself hesitate. “ The next thing you know, the opportunity is gone…
---------------------------------------------------------------------------
Do you felt the same?:
If you are feeling the same, you are becoming a fearful and doubtful trader, and this happens when we are in losing streaks or tanking against a trend. And when we are finally out of those tiring trades, we are afraid of getting caught in the next one and the next one. Eventually, we are having psychology issues trading instead of properly trading the trading system.
How and Why I start to turn into an Algo Trader:
Things started to changed when I met a group of online traders, they showed me how the trading system can be automated. How I can automate my trading rules so that every time when all stars are aligned, it will just open the trade for me technically & automatically. The aha moment was when they told me, I can just backtest my trading system and have all the doubts erased quickly with just a click of a button. All the hypothesis, guessing, where to set my TP and SL, where to place my best entry point, what time is best to enter the trade, when to break-even or set trailing for my trading positions and ability to go back in time to find out how would my system performs if I had done this a year ago, 2 years ago, 5 years ago and even more than 10 years ago. I have even tried using martingale in the system, setting averaging and tested grids and I can tell you this saved me a lot of time and money. I no longer want to trade in a certain way, and found out what’s best for me that suits my personality and will take care of my pocket if I start to trade consistently.
Algo unlock possibilities and many new potentials:
I can also start to explore new trading ideas and systems with so many free resources online about trading system, after which I worked with programmers to create the beta's EA and starts to backtest, adding new filtering modules and enhancements to make the robot better and more efficient in each upgrade, so that I can test more possibilities and unlock many potentials that I will neglect as a manual trader. So if you need some help about creating Expert Advisor, you can join our FB Group, I am not the best, but I am working with some of the full-time traders online who are doing this for a living.
How Algo trades, and its downside:
Hold on! Algo is not a holy grail, I mentioned that the trading system opens the trade technically & automatically, this means that when all settings and parameters are met. It will open the trade for me, and that would be how I will and how I should have traded since the system is already best optimized based on the backtests considering the various market conditions and best practices.
This also means that the trading system does not take into consideration of upcoming news event. Which is a fundamental one and could be volatile as well because often politicians will suddenly tweet or made a public comment on the internet that will move the market. Look, these are the things, we as traders cannot control or predict what Theresa May or Donald Trump is going to say next that could bring volatility and spikes to the market, and often this would damage a technical system but on the other hand it may also help brings volatility to take profit earlier and quicker. So it’s still a zero-sum game.
What I can control and What I can work on
I have come to learn that certain things I can control and manage as a trader is the positions sizing, styles of trading, types of trading system, and the time I want to see the trade being triggered as well as the time I do not wish to see a live trading position being taken. I can intervene my algo position if I don't see it right and still have discretionary control, but then again, I should trust my backtest and process, eventually it's about that 60-75% win rate over the long haul over a big number of trades then only I can be profitable. If I am getting below 50% WR, I need a good risk reward to compensate for each loss, what I like is that I can always move on to new trades without marrying to my old trades and felt burden tanking!
What's the edge of automated trading? algo trading or expert advisors?
The edge of automating my trades are as follows:
1) Understand the big picture, by looking at my winning rate, worst losing streaks and scenarios, as well as winning streaks.
2) If I have 60% winning system, out of 100 trades, I will net 60-40= 20 trades x the amount of pips lets say 30, which is 600 pips out of that system alone if I am using a 1:1 Risk Reward.
3) Using statistics to bring me confidence and faith during a system’s losing downtime.
4) Using a consistent approach to trading the system fairly and using the trading system to stay disciplined because I know myself I am very impromptu to take fat finger trades at times.
5) Have most of my questions and doubts answered all by backtesting, maybe not all are answered because fundamental periods are rather bad for back-testing for a technical system.
6) Reveal the strength and weakness of my trading systems.
7) Diversify my risk by bundling many pairs and different types of trading systems together to trade a portfolio of currencies.
8) I can eat, sleep and shit without worrying that I will bust my trading account ever again.
9) No more married trades! I hate it! I can move on to a new set-up again without having too many doubts and biasedness
10) Help me reach my goals and to become a profitable trader with a good track record.
I Invite you to join me!
As I post my trading journey daily on Trading View, as my goal to become a consistently profitable & sustainable trader
So if you are with me, follow me on my trading ideas blog on the various channel:
I am a community manager with this online forex community - FXBOX
I post trading signals from the robots that I have created with these online traders, so if you are looking for ideas or a way to be disciplined in how you should trade, feel free to get inspiration and ideas from my trading posts.
Trading View Journal: https://www.tradingview.com/u/FXB0X
Facebook: https://www.facebook.com/fxbox.co
FB Group: https://www.facebook.com/groups/369324886932049/?source_id=237737393460298
Telegram: https://t.me/fxbox666
Twitter: https://twitter.com/FXBOX_CO
As part of FXBOX, we will list some of our strategies as Darwin on Darwinex.
Feel free to follow along - Darwinex Darwin @ PUQ, @ PXQ, @ PYQ and @ PHQ
https://www.darwinex.com/darwin/PUQ.4.13/
https://www.darwinex.com/darwin/PXQ.4.9/
https://www.darwinex.com/darwin/PYQ.4.18/
https://www.darwinex.com/darwin/PHQ.4.9/
Hello traders, I am Athena. Like many of us, most traders jump to trading looking to make money online or ways to earn extra income hoping to quit their job eventually. Like most retail traders, we do not have very big trading capital, to begin with, so only a very small percentage of traders actually trades with more than 100k in their trading account and because of that whatever we are trading is too insignificant if we do not use leverage. But… Boom, as you know it, yes over using-leverage, will bust trading account for newbies like u and me.
Like everyone else, I started looking for that holy grail trading strategy. But if you have been trading for a while now, you will know that there’s no holy grail. Anyone telling you about 99% or 90% win better stay the fk out, trading is a zero-sum game, your losses will be somebody else’s gains.
“ Opportunity knocks. You’ve been waiting for this trade setup. It is taking shape and it’s looking good to you. All you have to do now is to execute the plan. It’s simple really. It’s the moment of decision that you know all too well when putting your capital at risk. You know what to do, but you can’t do it. You freeze. Time stands still as self-doubt seizes your mind– What if you’re wrong? What if you lose? What if you’re not right? The debate inside your head rages. You feel the fear bubbling up. Heart pounding, you watch yourself hesitate. “ The next thing you know, the opportunity is gone…
---------------------------------------------------------------------------
Do you felt the same?:
If you are feeling the same, you are becoming a fearful and doubtful trader, and this happens when we are in losing streaks or tanking against a trend. And when we are finally out of those tiring trades, we are afraid of getting caught in the next one and the next one. Eventually, we are having psychology issues trading instead of properly trading the trading system.
How and Why I start to turn into an Algo Trader:
Things started to changed when I met a group of online traders, they showed me how the trading system can be automated. How I can automate my trading rules so that every time when all stars are aligned, it will just open the trade for me technically & automatically. The aha moment was when they told me, I can just backtest my trading system and have all the doubts erased quickly with just a click of a button. All the hypothesis, guessing, where to set my TP and SL, where to place my best entry point, what time is best to enter the trade, when to break-even or set trailing for my trading positions and ability to go back in time to find out how would my system performs if I had done this a year ago, 2 years ago, 5 years ago and even more than 10 years ago. I have even tried using martingale in the system, setting averaging and tested grids and I can tell you this saved me a lot of time and money. I no longer want to trade in a certain way, and found out what’s best for me that suits my personality and will take care of my pocket if I start to trade consistently.
Algo unlock possibilities and many new potentials:
I can also start to explore new trading ideas and systems with so many free resources online about trading system, after which I worked with programmers to create the beta's EA and starts to backtest, adding new filtering modules and enhancements to make the robot better and more efficient in each upgrade, so that I can test more possibilities and unlock many potentials that I will neglect as a manual trader. So if you need some help about creating Expert Advisor, you can join our FB Group, I am not the best, but I am working with some of the full-time traders online who are doing this for a living.
How Algo trades, and its downside:
Hold on! Algo is not a holy grail, I mentioned that the trading system opens the trade technically & automatically, this means that when all settings and parameters are met. It will open the trade for me, and that would be how I will and how I should have traded since the system is already best optimized based on the backtests considering the various market conditions and best practices.
This also means that the trading system does not take into consideration of upcoming news event. Which is a fundamental one and could be volatile as well because often politicians will suddenly tweet or made a public comment on the internet that will move the market. Look, these are the things, we as traders cannot control or predict what Theresa May or Donald Trump is going to say next that could bring volatility and spikes to the market, and often this would damage a technical system but on the other hand it may also help brings volatility to take profit earlier and quicker. So it’s still a zero-sum game.
What I can control and What I can work on
I have come to learn that certain things I can control and manage as a trader is the positions sizing, styles of trading, types of trading system, and the time I want to see the trade being triggered as well as the time I do not wish to see a live trading position being taken. I can intervene my algo position if I don't see it right and still have discretionary control, but then again, I should trust my backtest and process, eventually it's about that 60-75% win rate over the long haul over a big number of trades then only I can be profitable. If I am getting below 50% WR, I need a good risk reward to compensate for each loss, what I like is that I can always move on to new trades without marrying to my old trades and felt burden tanking!
What's the edge of automated trading? algo trading or expert advisors?
The edge of automating my trades are as follows:
1) Understand the big picture, by looking at my winning rate, worst losing streaks and scenarios, as well as winning streaks.
2) If I have 60% winning system, out of 100 trades, I will net 60-40= 20 trades x the amount of pips lets say 30, which is 600 pips out of that system alone if I am using a 1:1 Risk Reward.
3) Using statistics to bring me confidence and faith during a system’s losing downtime.
4) Using a consistent approach to trading the system fairly and using the trading system to stay disciplined because I know myself I am very impromptu to take fat finger trades at times.
5) Have most of my questions and doubts answered all by backtesting, maybe not all are answered because fundamental periods are rather bad for back-testing for a technical system.
6) Reveal the strength and weakness of my trading systems.
7) Diversify my risk by bundling many pairs and different types of trading systems together to trade a portfolio of currencies.
8) I can eat, sleep and shit without worrying that I will bust my trading account ever again.
9) No more married trades! I hate it! I can move on to a new set-up again without having too many doubts and biasedness
10) Help me reach my goals and to become a profitable trader with a good track record.
I Invite you to join me!
As I post my trading journey daily on Trading View, as my goal to become a consistently profitable & sustainable trader
So if you are with me, follow me on my trading ideas blog on the various channel:
I am a community manager with this online forex community - FXBOX
I post trading signals from the robots that I have created with these online traders, so if you are looking for ideas or a way to be disciplined in how you should trade, feel free to get inspiration and ideas from my trading posts.
Trading View Journal: https://www.tradingview.com/u/FXB0X
Facebook: https://www.facebook.com/fxbox.co
FB Group: https://www.facebook.com/groups/369324886932049/?source_id=237737393460298
Telegram: https://t.me/fxbox666
Twitter: https://twitter.com/FXBOX_CO
As part of FXBOX, we will list some of our strategies as Darwin on Darwinex.
Feel free to follow along - Darwinex Darwin @ PUQ, @ PXQ, @ PYQ and @ PHQ
https://www.darwinex.com/darwin/PUQ.4.13/
https://www.darwinex.com/darwin/PXQ.4.9/
https://www.darwinex.com/darwin/PYQ.4.18/
https://www.darwinex.com/darwin/PHQ.4.9/