I had one of the best days in a while with this new winning strategy. It was up 21% in twenty four hours. As for today 1 PM Eastern Standard Time, it is up another 6.4 overnight. I consider this a decent winner where is usually about 89% winning ratio. Many would question but I don’t blame them. On the other hand, I don’t care about those skeptics which become the classic online troll we know about. I just ignore them. Anyhow, I made two online Facebook Live videos over 12 hours recording the process. On top of that, I witnessed 2 percent jump in the first video.
Check it out here
Watch the last video for upcoming announcement if you take serious your trading and auomtated trading seriously
We just complete the first week of this Python infrastructure building block course. We will be getting under way with the real programming of Python for algo trading. This starts this Monday acquiring real data options with a introduction to Pandas package on Thurday night. It gets hot and heavy then.
I talk in this 24 minute video regarding timing on potential profit each day for this crypto currency trading strategy. It seems this will help either retain profit or excel losses. This test will confirm my theory. I have talked to many successful trading about this and it seems they use similar techniques. It is something most newbies would never understand that shutting down an automated trading strategy would be useful. It just comes down what trading profit goals you set each day. That will depend on your overall portfolio goals but all of these points need to be considered to be successful. Hope this helps.
Next week schedule
Note that I will report the results sometime next week instead of my usual Monday nite webinar.
NOTE I now post myTRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
I am keeping the Python Infrastructure course pretty affordable for the next few days. I am continuing to let you know that this course will potentially double in coming days! If things work out as described below, you will find this material will become pretty valuable. If you click the link, you can find ALL the details in this course. I will also be adding the latest learnings of crypto and Forex (for Oanda for USA residents) to get you running to have your own ‘crude algo trading system.’ One popular request is a simple video to showcase a very very primitive but simple system capturing data, set up a simple strategy, and do the automated trading. Again, just click the link below to get further details or if you want to proceed learning more.
And now for todays set of important messages and updates ….
3 big things since this morning:
First, I put out an analysis and two crypto currency pairs for potential increase with a combined combination of expected return of 1.9%. Here is that link:
This morning I then posted the results of these two crypto currency repairs. Here is the Facebook Live vide I posted:
SIDE NOTE: IF you want to get alerts of when I do these Facebook LIVE sessions, just goto my Facebook Quantlabsnet page to either Like or Follow to be notified when I go live. I will be doing more of these as I find the engagement is much higher than Youtube these days.
What I found was interesting where BCHBNB was up 5.1% over 24 hours while ZCHBNB was down 4.1. When you net it all out, you are still up 1% which meets the desired daily move. I still find 0.5% is more realistic but I will take 1% for sure. Also, I might just focus on the best selected pair instead of combining various crypto currencies for a potential elevated return. Who knows? This all needs to be tested over the next weeks to figure that out.
Webinar: How I funded Bitcoin and automated trades with Binance TONGITH at 7 PM EDT!
The second item is to remind you all about my upcoming webinar topic I emailed out over the last few days. Details of this can be found here:
I have worked on my Positions Manager which is working out nice. I can also have both the Watchlist work with the Positions Manager when they open up positions. I even got working with closing/exiting the position. Keep your eyes peeled for this nice integration. But it don’t stop there….. I will be working to automatically submit the picked crypto currency pairs into the Watchlist. All I need to do is integrate everything to occasionally run this daily or every few hours. Pretty cool huh? I will keep you updated on this.
Thanks for reading, have a profitable day ok?
Bryan
NOTE I now post myTRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
I am willing to talk about the psyche of trading when human greed kicks in versus following computer code logic. This is a tough battle to overcome but I think this is an important discussion to understand the psyche of this.
After talking to dozen upon dozens of retail traders who do and rely on technical analysis and indicators have their heads literally poisoned with negative propaganda that negates their trading results. I have fallen for that in so many ways in the last few weeks. Let’s address that if you ever want to transform yourself into having an automated or algorithmic or systematic trading setup.
–→ Do you believe in this theory?
More traps are laid out one must overcome with this notion of over-engineering their strategies with all these complicated indicators hoping that the moon will provide 5 Elliot waves to give them mercy in lucrative riches. Or how about those Fibonacci retracement levels that for some reason never work out.
→ do you really beleve in Fib or 5 Elliots work like magic on these extact wave X number of patterns? Is the market not so random it is hard to confirm these theories ?
1, Minimize your indicators
2. keep it simple
3. program a way to watch your order log when you put on a positions (entry), analyze your the evolution or life cycle of the position. Looks for peaks and if you can, watch the peak profit level of the actual position. Your broker API may have a simple method like P&L in USD. If not, you percent of move since entry. Note that position will go negative due to spread but if you have positive momentum, it should break out
4. confirm your max and min for break out when shorting or longing
5. always cut your loss once your position goes against you e.g. direction/momentum may come back but cut at approx 10% – always to minimize loss !
6. watch as many assets your hardware → the more the higher the # of opportunity
5. watch at a lower time frame like 1 minute since there are more opportunity but know how to minimize false positives and fake noize (this is the problem)
6. you can allow the profit for monster profit, I have seen if you hold position for many hours 7 or 8+ you will find huge profit but don’t get greedy, your pogramming logic should allow this instead of hard stop loss
7. note that I have scrapped 3 versions and rewevamping for a 4th time to keep the code tight, expect to keep doing that as part of your strategy development
IB
A CCOUPLE OF MONTHS IF Value of DELTA (safe zone) HIT CERTAIN VALUE e.g. iron condor
Fibonacci
Think or Swim
TRON
stop loss at 2 SD
I have also announced I will be moving this ‘newsletter’ to another server from Infusionsoft. You can also get my free 2 PDFs on (in case you never got them):
Trade Like a Boss
Tecbnical Secrets in Algo Trading
You can also be part of this new newsletter on this server. I am thinking of actually discontinuing this current one you are reading from. It has been highly recommended to manually opt in yourself into this new server.
