He Makes A Living Algo Trading in Forex

In episode 355 of the Desire To Trade Podcast, Etienne sits down with Scott Welsh, a full-time algo trader. Scott trades automated trading strategies for a living. You'll learn his best tips on algo trading and how you can start trading algorithms yourself.

Are you ready for it?

Previous interview with Scott Welsh

Watch the video interview!

In This Episode, You'll Learn…

• [0:15] Introduction
• [0:38] What has changed with Scott's trading since the last interview?
• [2:30] How much work does algo trading require?
• [4:38] Why you should re-optimize your algos
• [6:02] How do you avoid over-optimization
• [10:54] Should you focus on a few symbols or a lot of symbols?
• [11:41] Scott's trading review process
• [13:30] How to find strategies for algo trading
• [14:46] Why you don't need to learn to code to be an algo trader
• [16:04] Why trading ideas don't matter
• [17:55] Example of a forex trading strategy
• [19:44] Why common indicator logic may not matter
• [20:23] Why a time-based stop loss works?
• [23:09] The mindset of an Algo trader
• [26:40] Why you shouldn't care about your P/L
• [27:37] Why Scott loves trading contests
• [30:12] Why Scott sometimes trades with high risk
• [31:53] Where to find Scott Welsh
• And much more!

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

Resources Mentioned

• Virtual Private Server (VPS): AccuWebHosting FXVPS

Desire To Trade's Top Resources

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• Recommended brokers:
  • EightCap (preferred Crypto and FX Broker)
  • AxiTrader (use our link to get a special bonus)
• Desire To TRADE Academy

About The Desire To Trade Podcast

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How To Find Scott Welsh?

• Twitter
• Website

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!