Bam! It’s finally here, I can see the market and its unpredictable up-and-down wave, with so many numbers, indicators, charts and data. So where do I start? I heard the success stories of many traders in the forex market, yes, my friend Bruno double a $10,000 account.
What was going through my mind? how did they all do it, when is the right time to buy or sell a security, when I switched to the daily time frame, it had a different wave, and then to the 15 minutes, it showed me another different chart altogether. Same currency pair, different stories per time frame.So much pressure in this market and I don’t want to lose my money the 5th time. I managed to put some $500 into my trading account to recover the lost monies swallowed by the market, however gaining without losing is a fantasy that happens only on TV shows not reality.
So, what could be wrong? is it that my mouse clicks were too quick to go for the orders or that mind was playing a fast one on me so I could lose my capital again? this time I said never, I will rise above the odds. So, I decided to do the opposite of what my mind told me.
When I have an intuition to go for a buy, I do the opposite, so I hit the sell button, the strategy seems to be working and the market goes my way, I was happy that I made $40. But think of it how can I be this excited, imagine losing $1000 on a betting site and getting excited when you win $20, what a very poor investment yet the feeling of winning and the market going my own way rubbed a soothing balm on my emotions.
I went back to learning, I read so many books and enrolled in different trading tutorials to get more insight into the market.
Some of my greatest challenges was time spent. I spent so much time on market analysis while every other thing I had to do in the day suffered, to be profitable in the market you need a good time to study profitable opportunities and patience to develop a setup and wait for it to click-happen in the market. My friend John says he usually checks the market during break times at work, he goes for a few trade orders and leaves the market, John believes he will be successful that way, you can’t give so little and expect so much. A time came when I heard a friend talk about using artificial intelligence to trade, it sparked my curiosity and I dive so deep into the ocean of Algo trading.
I could set up and develop multi-dimensional signals and decompress big data and market indicates into simpler units, I could automatically place trades based on the condition set by me and modify expert advisors by another developer to my unique style.
https://www.amazon.com/gp/product/B0BBJWJD8J/ref=dbs_a_def_rwt_bibl_vppi_i2
After studying this book, you will be able to do the following:
- Learn how to program fully automated and Semi-automated algorithms for trade enhancement and assistance.
- Learn how to code the premium serial bearish and bullish candle patterns and their optimization.
- Acquire knowledge on how to recover from trade operations when predictive analysis fails by using the order reverse approach.
- Price action is known as the king of trades. Learn how to use price data and candle stick patterns to confirm market entry.
- Develop your coding skills by learning how to manage numerous trade orders, modify market and pending orders, delete pending orders, close market orders, handle errors, and other sophisticated trading procedures.
- Learn how to safeguard your equity using the risk management strategy. As your account size increases, this idea commits fewer resources to trade and more resources if the opposite is true.
- Gain more knowledge about the break-even stop strategy and trailing stop algorithm to reduce losses and maximize profits.
- Create forecasting market analyses and signals utilizing the most widely used indicators, including the moving average, average true range, relative strength index, Bollinger band, stochastic indicator, moving average convergence and divergence indicator, and many others.
- Use a martingale and dynamic lot sizes for trade recovery.
- Set take profit and stop loss trade limits using the average true range.
- Employ the Fibonacci object, upper and lower trend lines, as well as horizontal and vertical lines to analyse support and resistance patterns.
- Utilize the multi-timeframe algorithmic technique on the M1, M5, M30, H1, and D1 to compare and create precise signals.
- Create algorithms that start trading at predetermined times when the market is stable and at a predetermined spread range.
- Create trade signals using one or more indicators to confirm and filter signals.
- Create various expert advisors, such as market order expert advisors, buy stop/sell stop pending order expert advisors, and buy limit/sell limit pending order expert advisors.
- Use the Strategy Tester and History Centre to assess the robustness of your Trading System.
You will also be able to see how important it is to plan, design, and use your ingenuity to create a solid system. A better experience is always provided by practical knowledge.
https://www.amazon.com/gp/product/B0BBJWJD8J/ref=dbs_a_def_rwt_bibl_vppi_i2