My 3 Biggest Algo Trading Lessons

[@joshuamwesigwa256]

"Know what your role is in the process", that's my biggest takeaway. Thank you!

[@oliverolonan2556]

Surely, you contributed well & added value to the retail traders community with your interview videos, trading strategy videos, and trading concept videos. Cheers to you!

[@DesireToTRADE]

Thank you, Oliver! It means a lot :)

[@kennethgabasa1012]

Hi Sir, I am glad that I found this video that give me further advise to continue my Algo Trading. btw I am Crypto Algo Trader, I make and code unique set of Strategies in a different market conditions. In the past, I only have a algo strategy that follows on a trend markets but from time to time, I realized that it does not work and only makes me small to no profits at all. So I decided to plan to make another algo strategy recently and hoping that this will give me boost to my profits with the helps of proper optimization and lessons from my past mistakes. I chose to make strategy and code with myself hopefully this will work.

[@993bluezones9]

Trade NASDAQ only. Trend following momentum strategy. You dont need anything else.

[@breannestahlman5953]

Thank You Etienne. Good info. I discover algo from your video ! ! ! ;-)

[@nguyennn91]

Sir, what platform and code you are using for you algo trading? Thank you

[@DesireToTRADE]

MT4 and their MQL4 language

[@brucesmith6868]

Thanks E great info.

[@batatakhizou4509]

Since the algo's are running on forex, can we get a myfxbook link to check the performances ??

[@ligmanuts1640]

That would be nice

[@batatakhizou4509]

@@ligmanuts1640 over optimizing an algo to make 1000% in backtests is easy

[@Turnitup5517]

I’m very grateful I came across this video. What time frame does your algo use? Interested in learning more about this

[@mbods5705]

Good stuff, thanks bro. May I know how I can test my Algo result without manually backtesting? ( kind of Automated backtesting)

[@DesireToTRADE]

Simply use the strategy tester in MT4: kzbin.info/www/bejne/fXSbp56wmM-KaNE

[@mikolobabz]

Run on it demo across 10 pairs for 2 days to 1 week

[@abeibrahim8695]

which platform you recommend for Algo trading?

[@993bluezones9]

MT5

[@maikeltv8998]

How do you code your strategy? What tool(s) do you use?

[@DesireToTRADE]

I have a coder who is doing all the work on MT4

[@Turnitup5517]

Etienne I’m very curious what numbers you’re referring to when you mentioned how you calculated support and resistance that stay consistent?

[@rotherhiteboy]

You don't use indicators for your algo trading?

[@DesireToTRADE]

Yes they use Bollinger Bands and moving averages.

[@haoyuntao5115]

Nice profit percentage curve, what leverage you were using for those trades?

[@DesireToTRADE]

Usually 20:1 is enough

[@Pert348]

Hi Etienne, Great channel. I really like your content. Was wondering about how much generally it’d costs to get an algo coded by someone?

[@DesireToTRADE]

My coder generally charges $2-3k for it. You can find cheaper but usually the guy won’t be a trader and you’ll run into issues.

[@Turnitup5517]

@Leyla do you have a strategy in mind? I’m using TD Ameritrade to backtest strategies and can tell you how the strategy would’ve done if you traded it in the past

[@sfkhan570]

What software showed those stats?

[@itumelengmosailane1192]

How do news affect algo

[@garysy]

I really appreciate your desire to help and teach others> Could I get more info on your algo and also how to follow you best?

[@dollarshopping]

Hi you got a social media page i can learn algo trading from you

[@subzero3499]

Hi Etienne what's a good platform for algo trading ?

[@DesireToTRADE]

MT4 and MT5 are the only ones I use

[@subzero3499]

@@DesireToTRADE thank you

[@coreygigoux7342]

So you back test algos on mt4

[@DesireToTRADE]

Yes!

[@orenmi6]

If 5% a month is “pretty normal” put 500k now and in 20 years you should have like 61 billion. That puts you in like the 17th richest man in the world!

[@charlesbabu5845]

If you can't do it that's your own problem.

[@longliveisraeltv]

Sir, that is something my 8 year old would tell me. You can’t even get the liquidity to trade that much. That’s why small trading firms can get up to 40% returns instead of 15-24% Berkshire Hathaway. The harder it gets to retain the same returns trading with larger capital. Why would you even comment this, to discourage beginner traders.

[@orenmi6]

@@longliveisraeltv Ok you are right. But let’s say you have an algo that can do 5% a month, if I use 200k with it I can generate 10k a month and withdraw them so it won’t grow up to a point where liquidity is a problem. I still make 10k a month which is like a very nice salary without even working. When and if someone have an algo that can do that the last thing they are going to do is to go and sell it because at the moment enough people will use it it will stop working…This is why I doubt it strongly.

[@OneCreator87]

Made up numbers 🔢 😂

[@tonic973]

What’s the difference between EA’s and algos

[@batatakhizou4509]

EA'S are specific to mt4 and mt5 platforms, while trading algos can be in any platform or programming language

[@tonic973]

@@batatakhizou4509thanks

[@hansmans4868]

So the point i dont understand, if there r algo trading that Works That means u can scale it up to infinite amount, because of compound interest So every one had to be a billionaire who gets how it works That dont make sense for me

[@DesireToTRADE]

You technically could do this, but not in 1 day. Any strategy can be scaled up over times, but slowly. There are going to be times & market conditions where your strategy doesn't perform too well. And you need to keep the risk low to not blow your account. Even if you were able to scale it up, you still need more capital. Making $1M/year might require you to have $5-10M in capital. I'm not quite there yet.

[@ghouseaneesahmed1120]

whoa there young man. Slow down

[@milesvanrothow2067]

I wish I could understand what you are saying. Could you try a little slower ? Perhaps it's just me.

[@theblackdeath10]

you can slow down the video in youtube video settings if you need to

[@milesvanrothow2067]

@@theblackdeath10 I tried - I need subtitles.

[@Nalvor]

Terrible diction.

[@philp8134]

Well obviously he has a speach disorder.....why be so rude?

[@billnyethewifiguy6827]

Sounds like your coder bought a course from you with the desire to be an independent trader and instead ended up on your payroll.

[@DesireToTRADE]

Well yeah but now he’s doing both. I don’t force him to work for me lol