5 ALGORITHMIC TRADING Lessons (learned the hard way)!

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 Episode

• Who 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 Resources

Desire 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 @alexter6277

What 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!