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Automated Trading vs Manual TradingAutomated Trading vs Manual Trading In the modern world of trading, two distinct methodologies exist: manual trading vs algorithmic trading. Both these approaches aim at the same goal - to optimise profit and minimise losses in the financial markets. However, they vary significantly in their operation, the level of involvement required, and the nature of decision-making processes. In this FXOpen article, you will find the key differences between the approaches and their advantages and limitations that may help you to choose the right approach for you. Definition of Manual Trading Manual trading signifies the traditional approach to trading. In this method, a trader is actively involved in all aspects of the process. This includes conducting market research, analysing market trends, making buying or selling decisions, and placing trades. The manual approach relies heavily on the trader's skills, knowledge, and experience. The manual trader uses various tools and methods, including technical and fundamental analyses, to make informed decisions. These methods involve studying past market data, economic indicators, company financials, and market news to predict future market movements. Despite being time-consuming, many traders prefer this approach as it allows them to control their trading activities and make adjustments based on their instincts and experience. You can test manual trading at the free TickTrader platform. Definition of Automated Trading In contrast to human-based investing, automated trading, also known as algorithmic or robo trading, involves the use of computer programs or algorithms to analyse markets and place trades. These algorithms are designed to make trading decisions based on predefined rules and conditions. They can process large volumes of market data, identify market opportunities, and place trades quickly and precisely, something beyond human capability. Robots can be programmed to follow various strategies based on technical analysis, quantitative analysis, and other principles. These algorithms are typically developed using programming languages and require a high degree of technical expertise. However, many platforms now offer user-friendly tools for creating and testing algorithms, making auto-trading more accessible to the average trader. Also, some traders ask program developers to create a robot based on their requirements. Advantages and Disadvantages of Manual Trading Systems Despite being more traditional, manual investments hold their own advantages and disadvantages. Advantages: - The primary advantage of manual trading is the trader’s experience and ability to analyse markets. Unlike robotic systems, human traders can make intuitive decisions based on their experience and understanding of the market. In this case, the results of a duel between robot trading vs manual systems would end up beneficial to humans. - Another advantage of the manual approach is the flexibility it offers. Manual traders can adjust their strategies and risk tolerance levels based on the changing market conditions, economic news, and their personal comfort level. The manual approach also provides a deeper understanding of the markets, as traders are actively involved in trading. Disadvantages: - Self-trading is not without its challenges. It necessitates a substantial commitment of time and focus. Manual traders need to monitor the markets continuously, conduct thorough market analyses, and make decisions. Manual execution of trades may also be emotionally taxing; emotional decisions can often lead to poor trading outcomes. - In addition, human error can impact trading results. Unlike automated systems, manual traders cannot process large amounts of data quickly and accurately. This limitation can lead to missed trading opportunities or inaccurate decision-making. Advantages and Disadvantages of Automated Trading Over Manual Trading Advantages: - Automated trading offers several advantages over the manual variety. Some of the most significant benefits are speed and accuracy. Automated systems can analyse market data and place trades in milliseconds, which is impossible for humans. Also, algo trading allows for 24/7 activity, as human factors like fatigue or emotions do not constrain it. In this case, the algorithms win in a duel of algo trading vs manual trading. - Automated systems can handle multiple markets and securities simultaneously, allowing traders to diversify their portfolios more efficiently. By removing the emotional element from speculation, automated systems can help traders stick to their plans and avoid impulsive decisions. Disadvantages: - However, the automated approach also has its disadvantages. One of them is the need for a high level of technical expertise to set up and maintain the algorithms. Auto systems also have the risk of over-optimisation, where a system is fine-tuned to perform well based on past data but may not perform well in real market conditions. - Another challenge with automated trading is its inability to adapt to sudden market changes that a human trader could intuitively understand and respond to. For instance, traders may adjust their strategies accordingly in case of significant economic news or events, but an algorithm might not be capable of such adaptability. - Lastly, automated systems also carry the risk of technical glitches or system failures, which can lead to significant losses. It is, therefore, essential to regularly monitor and update automated systems. Does Algo Trading Beat Manual Trading? The question of "Does algo trading beat manual trading" is a matter of debate. The effectiveness of each trading method depends on various factors, such as the trader's skills and experience, the nature of the market, and the specific strategy used. Some traders may find success with robotics systems due to their speed and accuracy, while others might prefer the control and adaptability offered by manual solutions. In the world of manual trading vs automated trading in forex, it's essential to consider that FX markets are highly volatile and operate 24/7. This nature of forex markets makes them ideal for automated investing. However, the use of automated systems in FX also requires careful consideration of factors such as market volatility, liquidity, and technical glitches. Conclusion Ultimately, the choice between manual and automated investment boils down to personal preference, goals, risk tolerance, and technical expertise. Both methods have their own merits and challenges, and understanding these may help traders make informed decisions. Whether you are interested in manual or automated trading, platforms like FXOpen provide a robust and user-friendly environment for both. To get started on your investment journey, you can open an FXOpen account. Regardless of your trading method, remember that success requires a well-developed strategy, continuous learning, and effective risk management. So, keep learning, keep improving, and happy trading! This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
2
Bots vs Brains; The hidden edge of Human touch in tradingBots vs Brains; The hidden edge of Human touch in trading A random Google search on the internet about forex trading robots reveals thousands of forex robots exist. With all these trading robots promising handsome returns in the shortest time, the forex trading industry should be minting new millionaires daily. However, statistics from forex brokers paint a sad picture—a failure rate as high as 90%. In 2024, you can’t go a day without reading or watching a reel about Artificial Intelligence (AI). The high failure rate, especially in the world of finance, is baffling given all these technological advancements. This led me to take a deeper look into the world of automated forex trading, also known as bots or Expert Advisors (EA). Overview of Automated Trading A trading bot is software developed to analyze financial markets and execute trades on your behalf. Semi-automatic trading bots analyze the markets but do not execute trades. Large financial institutions, such as banks and hedge funds, use specialized algorithmic trading bots. These institutions bring together mathematicians, programmers, and economists to develop sophisticated algorithms. Needless to say, it requires significant financial resources and time to develop these bots. Development can take at least six months, followed by an additional six months of testing. The high cost makes these bots inaccessible to retail traders. Retail traders, however, are not left out. There are individuals and software platforms where you can develop your own trading bot. These bots are often marketed as being developed by experts with deep market knowledge—or so I thought. Trading bots follow specific rules based on the developer’s strategy, which ideally should mirror the success of an experienced trader. Therefore, if a trader is profitable, the bot should at least mimic their results, if not surpass them—more on this later. Before launching these bots, developers conduct extensive backtesting and refinement to optimize them for ideal market conditions. Advantages of Automated Trading Developers of trading bots often market them as superior to manual trading. They emphasize the need to eliminate human error and emotions, highlight faster execution speeds, and promote the ability to trade 24 hours a day as long as markets are open. Additionally, bots can save traders significant time that would otherwise be spent analyzing markets and executing trades. On the surface, purchasing trading robots seems like a smart decision. Limitations of Automated Trading Bots rely on historical data, assuming the future will mirror the past. However, global events are unpredictable. Take, for example, the 2008 financial crisis or the sudden shock of COVID-19—events like these can completely throw off a bot’s programming. Robots struggle to adjust to such volatility unless they’re frequently updated with new data, which many are not. This is a major limitation, especially when you consider how quickly the forex market moves with trillions of dollars in circulation. Earlier, I mentioned that robots are supposedly developed by profitable traders. But to my surprise, I found that with little trading experience, anyone can create a robot on platforms like EA Trading Academy. All it takes is registering, selecting a few parameters, running a back test, and then selling it. It’s really that simple. The ease with which these bots can be built raises questions about their reliability, especially when they aren’t crafted by experts. I even plan to build one myself, and I’ll give you feedback in a year’s time. Why I Think Robots Don’t Work The main issue is that there’s a shortage of consistently profitable traders. A trader who dedicates the time and effort to developing a reliable robot is likely to charge a hefty fee. The likelihood that they would focus solely on developing robots instead of trading themselves is very slim. This makes me wonder—who is actually building all these robots? If most profitable traders are busy trading, it raises concerns about the experience level and expertise of those creating the majority of these products. Secondly, trading styles vary significantly from trader to trader. Purchasing a robot based solely on profitability or low cost is unwise. In addition to checking a developer’s track record, you should assess whether their risk tolerance and trading approach align with yours. For instance, buying a scalping robot when you prefer swing trading could be a costly mismatch. Finally, purchasing robots without a solid understanding of the markets is irresponsible, and the disasters that follow are often justified. Many experienced traders who have tested and reviewed bots on YouTube agree that 99% of them are either scams or simply don’t work. I encourage you to watch some of these reviews to see for yourself. The Future: Automation vs. Human Touch Mastery in trading comes from a combination of skill, time, and experience. While bots claim to save you the time spent on analysis, it's precisely that time—the deep learning and constant market study—that ultimately leads to true mastery. There are no shortcuts. Bots may be designed to minimize human error, and in theory, they do. But the reality is that even the most sophisticated bots are not infallible. They can and often do fail, sometimes catastrophically. When accounts are blown—whether by a human or a bot—it’s still the trader who bears the loss and the disappointment. So, while bots may reduce human error, they can never eliminate the human responsibility for those errors. Trading the financial markets is a craft like any other. Automation, AI, and machine learning can be valuable tools in your journey to becoming a skilled trader. They cannot replace the critical thinking and adaptability that come with human experience. AI can assist by analyzing large sets of data, flagging trends, or executing trades faster than a human could—but the nuanced understanding of market sentiment, global events, and individual risk tolerance is something only a human can develop through dedication and practice. Automation might help you refine your craft, but it's the time spent learning, making mistakes, and adapting that leads to true mastery. As promising as they are, AI and bots are tools—not substitutes—for the expertise that comes from being deeply engaged in the markets. Others before you have achieved mastery, and with enough commitment, you can too.
CAPITALCOM:DXYEducation
by morrisgitau
3
Create No Code Auto Trading Bot with Tradingview and OKXHello Everyone, In this tutorial, we learn about how to create simple auto trading bot using tradingview alerts and OKX exchange built in integration mechanism. Few exchanges have come up with this kind of direct integration from tradingview alerts to exchanges and as part of this tutorial, we are exploring the interface provided by OKX. In this session, we have discussed 🎲 Preparation Steps Preparing tradingview account Webhooks are only available for essential plans and plus. Enable 2FA in your tradingview account. Preparing your OKX account Create OKX account, and we prefer you do the initial tests under demo account before moving to active trading account. Bots created in demo account will not appear in the active trading account. Hence, when switching to active account, you need to create all the setup again. 🎲 OKX Tradingview Interface Features What is supported Auto trading based on strategy signal Custom signals - Enter Long, Exit Long, Enter Short, Exit Short What is not supported: Stop/Limit orders Bracket orders/ Complex execution templates 🎲 Weighing Pros and Cons of Using Direct Interface rather than Third party integration tools Pros Latency is minimal as per our observation Easy Integration with Tradingview and Pinescript Strategy Framework and no coding required You save cost on third parties and also avoid one hop. More secure as your data is shared between less number of parties. Cons No native support for Stop/Limit orders
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Education
by Trendoscope
15
How to automate Trading View indicator alerts with 3Commas In this guide we will explain how to connect and automate a Buy&Sell strategy with 3Commas using a Trading View indicator. This guide will enable you to create long strategies on all spot pairs available on 3Commas. In this example we will set up a Buy&Sell bot that will open the long position when the Tweezer Bottom - Bullish indicator signals the pattern. Then we will illustrate all the steps necessary to open the long position. The position will be closed using 3Commas take profit and stop loss. 1) Choice of the technical indicator to be used. Trading View offers an extensive library with technical indicators developed by the in-house team. To access all available indicators, open the indicators dashboard (A) and click on the Technicals section (B). In this example we will choose an indicator in the Patterns section (C) called Tweezer Bottom - Bullish (D). Remember that the choice of this indicator is purely random and is for educational purposes only, be sure to backtest and research before building any trading strategy. 2) Creating a bot on 3Commas. Now go to 3Commas and create a new DCA bot. This bot will allow you to connect the indicator signal. Set up the Main Settings section. Name your bot (A), select your exchange (B), and bot type (C). Select the ticker (A), set the type of strategy (B) and the capital to be used (C). In the Deal Start Condition section, open the drop-down menu and select 'Trading View custom signal'. Set the take profit. Set the stop loss. Configure the Safety Orders section for a Buy&Sell strategy. Set the value to zero within this section as shown in the screenshot. Set Max safety orders count and Max active safety orders count to zero. Now that you have properly created and configured your bot, go inside your new bot's 3Commas dashboard, scroll down, and copy the 'Initial Start Deal Condition' message. 3) Trading View Connection - 3Commas. Come back to Trading View and create a new alert (A), select the indicator from the drop-down menu (B), then choose Once Per Bar Close (C), and finally create a name for your alert and enter the message you copied previously within the Message field (D). As a last step, go into Notifications , enable the web-hook url and enter 3Commas' web-hook: 'https://3commas.io/trade_signal/trading_view'. Create your alert as a final step. You have now correctly created a new 3Commas Buy&Sell bot that will automatically open new orders when a new pattern is generated.
Education
by thequantscience
53 pip profit + Horizon wins yet again! + New Horizon tradeIf these ranges lasted forever, I wouldn't mind at all. I took 53 pips this morning long, this was something I posted 2 times about last night and this morning, so check those out for a more in depth look at the signals that lead to that move. It's really important in this market to be in before the move happens, you miss out on a lot of money, and your exposure almost triples when you chase the market. Remember that. Horizon took 76 pip profit today from last Friday. That's nearly 50 pips net, since the beginning of this range. It took a 60 pip loss after being up almost 80 pips on Thursday. It couldn't find a valid exit, which is annoying considering that this strategy could have produced over 140 pips in profit last week. Trust me I've played with trailing stops and static profit targets with this strategy and they just don't work nearly as well as just letting trades run and waiting for a strong exit signal. Trade number 3 was the worst loss Horizon has taken to date, I mentioned earlier that Horizon assesses stop losses on bar close and not in real time, so the strategy is exposed adversely to large break out candles like the one in the picture below. This is a risk that I'm willing to accept though because A. Horizon mitigates that risk using multiple confirmation protocols and B. the RR is 3-4 times the losses. This strategy is designed to take 30-50 pips on average, with occasional 100-200 pip trend. As things stand, Horizon's average loss is only about 20-30 pips. Plus Horizon's wining 6-7/10 at this point so it's all good! Plus I'm adding some logic this week that I'm hoping will boost performance even further. So far it's 2/3 and currently 30 pips up on it's 4th live trade. That said if I DID find a better alternative to this stop loss strategy, I would more than likely cut my max draw down in half. It's sitting at about 8-9 right now, which I would love to get down to about 5% using the same risk. Horizon's current exposure is 1.7% per trade because of the draw down rules that FTMO and other prop firms put in place. With my own capital, I could easily raise that to 2-3%, I don't really want to though (yes I do) Horizon , like I mentioned has pyramided a short trade which has been as high as 35 pips profit, so far, so this one's looking like a winner as well. Overall that's 150 pips taken between me and the machine in the last 4-5 days, so very happy, and I'm praying for even further success in the coming weeks. I'll link each post so you can audit my trades. I post these trades well before the moves actually happen.
Education
by NeoDaNomad
2
Errors in automated tradingHello everyone Surely you have heard about automated trading. You may even have used it. Today I want to talk about the mistakes that people make using automated trading. Let's go! 1. Back testing or forward testing Who really understands the creation of an adviser will be able to make the adviser bring 100% profit per month during back-testing, while trading with almost no risk. But do not rely only on the results of back-testing. Checking the adviser on the history is of course important and useful, but what is really important is how the adviser shows itself in real trading. After all, you will not be able to earn on what has already been, you need to be able to earn in the future. Therefore, it is very important to test any system on forward tests. Forward testing is real–time testing in real market conditions. This means that all decisions are made based on the history of quotes, but only the result that is generated in real time is considered a true representation of performance. 2. Data accuracy 70%-80% of the data on the Forex market, including those provided by brokers, is complete nonsense. Your system is as good as your data is, and if you can't rely on your data, then your system won't be able to do it either. Valuable data is quite expensive, and that's why so few people have it. You need to be able to clean the data for the correct operation of the system. A good system developer, even with a wonderful strategy, will fully understand its weaknesses and take appropriate actions to eliminate them. 3. Consider all expenses There are a lot of costs associated with trading, brokers are very well aware of this, and you should also know this. At a minimum, you should consider: 1) Spread – it is different on different instruments; 2) Commission expenses; 3) Slippage on various assets on which you are going to trade; 4) Broker delays in opening orders; 5) Infrastructure costs. 4. Risk and Capital management The key to all trading systems lies in the rules of risk and capital management. In order to completely change the characteristics of the strategy, it is enough to change these rules a little. The strategy developer must take into account all the details of his system. This is necessary not only to avoid everything that can blow up a trading account, but also for the purpose of emotional balance, in order to calmly leave your system or a working strategy and not interfere with it. There is one more thing we try to do – it is a daily analysis of open/closed positions based on the current market situation. This ensures that any gains or losses will be analyzed instantly. This avoids new such open positions and some emotional problems. This approach will quite easily confuse systems with unclear rules and those that have a rather attractive yield curve. 5. Investors are an emotional person For those who plan to develop successfully, this point is key, and it must be taken into account by everyone who will invest their funds in trading systems. You should remember that although you may feel good with 30% drawdowns and wild fluctuations in your equity, your investors will not share such feelings. If you want to move to the next level of development, you must cultivate a personality in which you can invest. As a rule, in the world of investments, this means applying a small leverage, allowing low drawdowns and earning consistent profits. A common, time-tested method of evaluating investments is the Sharpe coefficient. For a good investment, it should be at least 3, the maximum leverage should be 10:1, and the drawdown should be no more than 10% of both equity and balance. 6. Consider the limitations And the final key rule is that you need to know the limitations of your system. This includes both the trading conditions under which it will and will not work (no system is perfect) and its scaling. That is, if I pour $100 million into my account and my profit target is 2 points, then, most likely, slippage will swallow my entire profit target, and I will never see a profit from my investment. Even the infrastructure you use needs to be taken into account. For example, the MT4 platform, which is used by most brokers, works so slowly that at the time of the NFP exit, the difference between your planned and actual market entry price will be 10 points. If your system is price sensitive, then it will kill it. Yes, it happens. For the most part, our rules are based on common sense, but the vast majority of systems that we have encountered have never taken into account such errors. As a rule, even if the creators claim that the system takes them into account, this is not the case, since when answering these questions they are still far from understanding the essence. Paying attention to these things at the very beginning will allow you to save a lot of time, effort and develop an exceptional personality in you. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Education
by Lingrid
10
Automated Trading with Trailing Take Profit and Scaling ExitsAutomated Trading on Tradingview can be challenging. But with some strategies employing smart trading techniques, you can find your way to a reliable setup. There are many aspects of automated trading I've employed and studied. Those are as follows: Trailing Take Profits: Allowing a trade to surpass the original profit target if the price continues in your favor, followed by an offset value. Stop On Close: Waiting for a trade to close a bar below your stop loss before exiting a trade. Scaling Exits: Exiting a partial position at a set limit price between the entry and final take profit target. More info available on the chart.
Education
by PrismBot
1
AUTOMATED TRADING BOTS: How to profit with Tezos.Tezos is one of the best token for our robot. Our robot mainly uses the DCA (dollar cost averaging) trading method. If the price drops, instead of the Stop loss order, we have a Buy limit order. This will also cause the Take profit value to drop and approach the current price. If the price falls and falls, the robot buys and buys. This keeps the Take Profit lower and lower. After that, the price of the token rises and our trade ends with Take profit, which is not far from us thanks to constant and precisely predefined purchases. The XTZ / USDT currency pair is suitable for our demonstration. You see very high volatility. It is through volatility that our robot can be profitable. If the price still went in one direction without frequent fluctuations and without "waves", the robot would earn very little. We need great volatility for big profits. Volatility in the TradingView platform will be helped by the Historical Volatility indicator. This indicator often (on this time frame) intersects the value of 50.00, which is rarely affected for low-volatile currency pairs. For example, you would look for Bitcoin very bad around 50.00 on this time frame. The key to our profitable trading bot is volatility! At a time of market colapse, when almost everyone is going through and positions in the Futures markets are being liquidated on a large scale, we are EXTREMLY profitable thanks to our robots. Of course, it is very important that you know how big the position is and how often, or at what intervals it is necessary for the robot to buy more. In no case is every setting of the robot profitable, on the contrary, setting up a profitable robot is not easy. You will learn how to set up a robot to be constantly profitable in our Academy. PS: One of the best things about trading with robots is that you remove all emotions and decisions. We wish you a nice day. UCT team.
Education
by UltimateCryptoTrader
Automating strategies keeps me sane 😊Running a strategy with a proven edge has me comfortable mentally on how a trade plays out, Be it a stop out or a take profit target met. Also automating those proven strategies and just letting them be helped with my mental state as a trader. Trade alerted 17:45 this afternoon and has been close once to TP. I didn't know this I was in the garden enjoying the late summer sun that has bestowed the UK this week 🌞 Once upon a time watching the charts would of had me thinking of closing to soon and then filling with regret as the retrace occurs that I didn't close. Only reason to look at chart tonight was a quick mid week review of trades and this trade is one of my open ones. Trade details are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. The current open trade still might not hip TP but I'm not allowing emotions to play a part I let the objective based plan play out. Previous trades shown on chart from the last two days. Trade history can be seen at the foot of this trade idea too for full transparency. These are year to date stats. How do you as traders journal your trades I'm intrigued to know? Having back test capability and a trade log which is possible through TradingView pine script saves me hours in manually logging trades as well as manually back testing. Having that level of data allows me to know I'm running a proven strategy and that I have an edge. The next key bit to staying sane/stress free and one of the best pieces of advice I could give as a trader is use technology available to your advantage. Trading shouldn't consume every spare minute. Most of us do this to escape the 9-5 so don't spend hours at charts unnecessarily. Not spending hours at charts is why I haven't shared all these trades on this pair and when this current one alerted. If your reading this tonight let this sink in I've only looked at this chart once this week when I shared my last idea yesterday on the pair in question. There has been three trades since then and I'm only just looking now! Take it from me find a strategy that works and then automate that strategy. Your mental health and well being will be the winner in the long run along with healthy account gains. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
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Education
by pow_removetheguesswork
73
Why using automated trading? #1There are a couple of reasons why to use automated trading, like better risk management, human error, easier to diversify, and Psychology In this post, the focus is on psychology. Here are some of the cognitive biases that affect trading: Loss aversion - the tendency to prefer avoiding losses to acquiring equivalent gains. It feels much worse losing $100 than the joy from earning $100. (A huge topic, the researchers got the Nobel prize for this) Sunk cost - the tendency to treat money that already has been committed or spent as more valuable than money that may be spent in the future. In trading, this effect with loss aversion making people not cut their losses. When we enter a trade we know that a loss can happen, if the losses are not cut the rest of the money in the account can be lost too. The disposition effect - is an anomaly discovered in behavioral finance. It relates to the tendency of investors to sell assets that have increased in value while keeping assets that have dropped in value. Traders tend to lock in gains and ride losses. Recency bias - a cognitive bias that favors recent events over historic ones, in trading, a streak of losses can demoralize a trader even if he had a good run for a long time. I don't know of a system that works 100% of the time. There are more psychological effects, but those are the main ones. Using automated trading, allows traders to reduce these effects on trading because the stocks are chosen in advance, the risk is defined, the entry and exit are calculated and executed by the algorithm (Unless rare events are happening). In the past, I was sometimes afraid of entering a good trade or cut my loss quickly, due to these effects and wishful thinking that the price will do what I want.
AMEX:SPYEducation
by ZoharCho
Awesome 16% Profits with no leverage for now on my scriptHello Guys, It's my first idea being published here :) I will get better in time regarding the presentation I have been working on different strategies last year and now it's fully ready and working. You can check out more in the video. We've been able to get a 20x ROI in 2019 with a 2.5 leverage on bitmex, the script is not only doing great profits but i want to share my knowledge with you guys and let you know that the full automation process is offered for free, you can connect your bitmex account to the bot for free. It's working great and I wanted to do to help small accounts grow their position over time. Starting with a 0.1 beginning of January 2019 would give you 2 bitcoin right now. In the long run you need to find a solution that works and manage risk the right way. And that's what I am offering now here. Cheers guys Please like, follow me and share this great script
BITMEX:ETHUSD.PEducation
by RobotElvis
2
BTC: Cyber Ensemble {Premium} predicted the pump and dump.. CYBER ENSEMBLE is a sophisticated signalling script base on the interplay of an ensemble of optimized indicators and market state filters. (>1000 lines of code) General Note for Users: As with any indicators (and TA for the matter), it is virtually impossible to achieve 100% hit rate -- be it due to black-swan events, during periods of low liquidity, or simply due to the intrinsic nature of the given market (or the time-span) coupled with the limitation(s) of a given set of studies applied, etc. -- however, which can of course be managed with suitable risk-management system(s) . I've also developed scripts designed to statistically suggest suitable risk-limit levels as well as expected price ranges over a given period; ideally to be used in conjunction with classical trend-lines, Fibs, etc.:
BITSTAMP:BTCUSDEducation
by cybernetwork
BITCOIN - Invalidation and POTENTIAL reversalHello traders I. Wisdom of the day Not all traders are winners obviously. But not all losers have to be a stop-loss. A lot of consecutive stop-loss and we're out of the "trading" game. What if there would be a way to stop... the stop-loss from getting hit? There isn't a universal way but... using another indicator on top of a trading system is very powerful. This allows to exit a potential big losing position with a minimal loss - or at breakeven in the best scenario. That essentially means that .... traders have to accept that not all trades are winners... and accept to lose a few times to times. Invalidating before a stop-loss is part of reducing one's risk and increasing one's opportunity. Invalidations, also called hard exits, are an essential part of my personal trading method. II. Why a 5-minutes chart? The trading method won't give more than 3/5 trades per day even. This is not a scalping trading method, it's intraday and based on smoothed indicators for entering in a strong trend only. Those are the most secure trades possible because: - the engine waits for a strong confirmation and will avoid the fakeouts - the 5 minute allows to enters early. - entering early and getting invalidated early also. This point is crucial. Entering early with a minimum of security is KEY III Signals of the day 3.1 Invalidations in practice We got invalidated twice with a small loss. Which is exactly why I love this invalidation system so much. We exited losing positions at the beginning of the reversal or after a pullback Without it, I would have lost way more pennies :) 3.2 Shorting the "future of money" With a strong invalidation system, I get invalidated often before a "catastrophe" happens. I never want to take them because I'm human and I have "too strong" beliefs ("BTC is the future of money") ... but that's exactly why I trade with a framework because....again I'm human with feelings/emotions (despite what my ex-GF said to me #too #personal #info) The yesterday short was quite interesting as against the leading trend and below supports. I often talk about a pullback in that scenario to reduce one's risk. But the pullback also allows to get invalidated with a better exit and a smaller loss. Hopefully, you guys start connecting the dots now :) 3.3 What's next? We're right on the Daily SMA 7 and the Weekly SMA 100 is 200 USD below. I wouldn't re-enter before another signal (I'm dumb, I can only trade using a combo system deciding for me) - especially because a major weekly support is right under the candlesticks All the best, Dave ----------------------------------------- Disclaimer: Trading involves a high level of financial risk, and may not be appropriate because you may experience losses greater than your deposit. Leverage can be against you. Do not trade with capital that you can not afford to lose. You must be aware and have a complete understanding of all the risks associated with the market and trading. We can not be held responsible for any loss you incur. Trading also involves risks of gambling addiction.
BITMEX:BTCUSD.PEducation
by Daveatt
Testing performance of Cyber Ensemble Strategy on a model Stock..with the Squeeze Test insensitivity increased to 40. Performs well even with 0.15% commission. For best results with my strategy scripts, the parameters needs to be optimized and back tested for a particular chart and timeframe. Default settings were optimized for Bitcoin (BTC) on the 6hr chart (but appeared to perform well at selected lower timeframes, including the 30mins timeframe). Cyber Ensemble Strategy -- Base on a complex interplay of different conventional indicators, and an assortment of my own developed filtering (prune and boost) algorithms. Cyber Ensemble Alerts -- My attempt to try replicate my strategy script as a study, that generates Buy/Sell Alerts (including stop-limit strategic buys/sells) to allow autotrading on exchanges that can execute trades base on TV alerts. This project is a work-in-progress. Cyber Momentum Strategy -- This script is based on my pSAR derived momentum oscillators set (PRISM) that I personally rely on a lot for my own trades. The "Alerts" version of this will be developed once Cyber Ensemble Alerts have been perfected. PRISM -- pSAR derived oscillator and its own RSI/StochRSI, as well as Momentum/Acceleration/Jerk oscillators.
NASDAQ:COKEEducation
by cybernetwork
HOW-TO GRID TRADE (Tutorial #1) Trade While You SleepHOW-TO GRID TRADE: HIGH PROFITS - LOW RISKS - TONS OF FUN. Trade While You Sleep Let’s be honest, trading is risky, especially trading crypto. We all know it’s just matter of figuring out if market prices are going up or going down, but isn’t it funny how the market seems determined to go in the exact opposite way you pick? Especially when you have money on the line! It’s great that markets trend 30% of the time, we attempt to catch the wave (up or down) and cash in when we’ve called it right. But the often overlooked reality is, markets go sideways, they consolidate, they squeeze, they get stuck in ranges over 70% of the time. Just when you thought you were catching a trend (to the moon!) , now you’re stuck waiting for the market to do something. It zigs a little, it zags a little, smaller moves, up, down, but nothing too exciting, right? If we only could get paid for watching charts wiggle in a range, not having to predict whether things are going up or down… THAT’S what would make you smile . Agreed? Especially if you could automate this “wiggle for profits” idea and reduce your risks to a bare minimum. THAT’S what this article is about. Grid Trading, or how to wiggle your way to high profits without losing your shirt. Let’s learn and have some fun! GRID TRADING STRATEGY Trading bitcoin and other cryptocurrencies with an automated solution has become a very popular plan-of-action because it guarantees 24/7 trading activity. It reduces our addiction to chart watching and lets us eat, sleep and be merry. It allows you to exploit trading opportunities around the clock, manage your risks without emotions and follow a predefined trading pattern that often beats the ROI (Return on Investment) you're getting from other hands-on trading strategies. While all this is true, it was another factor that brought me to Grid Trading initially. It was the fact that even though I loved to get in the trenches and trade chart patterns, indicator signals and often unsubstantiated “hunches,” I found that the capital I was NOT actively trading was just sitting there, doing nothing. The bulk of my capital was sitting in USD, or USDT or BTC . Because I risk manage and rarely enter a trade with more than 5% of my total available money (per trade) , more often than not… 50% to 80% of my investment capital was NOT realizing any return at all. THE LIGHT GOES ON One day, after testing a little known, little used strategy of trading within a pre-established GRID range where every tick-up and every tick-down had the probability of making me money, the light switch within my head went on. Why not take my some of my “reserve” capital, place in a Grid, automate the process, and let it earn a little “side-money” while I continued my regular trading activities? As this “side-money” project took off. I started noticing that it would many times make more of a ROI than my regular trading. I’d look at my Grid results and often see 2%, 3%, 8% over a 2 or 3 day period - these were serious returns, with far less the risk. Annualized I was looking at gains of 300%, 500% even 1000%+ if I just focused on Grids. uh, HELLO! Truth be told, Grid Trading is not a panacea of all wins and no losses. It’s also essential to know that a grid trading strategy does not guarantee a stable income in all market conditions. If you want to successfully utilize a grid crypto trading strategy (like I can teach you) , you must understand the fundamentals of trading, the current market phase, how to find grid trade opportunities, how to set-up grids for maximum gains and how to manage the risks. HERE’S THE GOOD NEWS Grid Trading is no harder than what you’re already doing and in fact, the learning curve is far less challenging. Most people can have their first grid up and running within a day or two. You can do grid trading while you continue your other trading pursuits (as it requires little time or effort). If done right, your odds of making money are much better than almost any other trading strategy you explore. LET’S START WITH A CRAZY LOOKING TRADINGVIEW CHART GRID BOT EXAMPLE THE PATH TO PROFIT IS NOT A STRAIGHT ONE... You’re looking at (in the chart illustration) is a 23 HOUR period (15 min. chart) with a grid range of 5.48% (bottom to top) . Had you been lucky enough to have bought at the bottom and sold at the top (just a regular trade) , you have pocketed roughly 5.48% on a single trade. However, with an automated GRID trade strategy, every zig down BUYS and every zag up SELLS all in incremental and equal portions of your capital. So the more zigs and zags you have, the better! Just as an example, you can turn a 5% gain into 8% if the path zigs and zags along its way. Keep in mind that in this example, we are only trading LONG, yet we profit from the up and down price action as prices cross each grid line triggering a buy or a sell. Once any transaction is complete, the automation resets a new grid line to replace the previous one that was hit. And so it goes, cha-ching, cha-ching, cha-ching! UP? DOWN? WHO CARES! Grid trading is a type of strategy generating earnings from the market movements in a specific price range. It loses its power in a strong trading market (for example when pump or dump happens. The grid trading technique explores to its benefit natural price volatility within a defined range. It does this by opening buy and sell orders regularly at fixed intervals above and below a market price. The advantage of grid trading is that it requires little forecasting of market direction (though you are best to seek out sideways or upward ranging market periods). In addition, it is easy to automate this strategy and run it continuously. The biggest drawback is if there’s a sudden price drop without retracement outside your pre-defined grid range. This drawback is best managed by adhering to good stoploss placement and smart observance of support structure and trend tendencies when setting your grid parameters in the beginning. BECOME A CRYPTO GRID MASTER Learn how to grid trade properly and you’ll experience one of the easiest, safest and time-tested trading approaches ever devised. Stick with it and in the long run, become a "Grid Master" and you can enjoy substantial results. FIRST IN A SERIES OF GRID STRATEGY EDUCATIONAL TUTORIALS I hope this tutorial series helps increase your bottomline! HOW DO I LEARN MORE? 1) Review my related IDEAS and TUTORIALS (linked below) 3) Explore my GRID INDICATORS (linked Below) HOW DO I AUTOMATE MY GRID STRATEGY? Explore further help and links at the bottom of this tutorial. PLEASE HIT THE LIKE BUTTON (and follow me... lots of great stuff in the works!) As always, I appreciate your support. Please share with others. ENJOY! Dan Hollings Master Crypto Grid Trader Please Explore My Other Indicators, Scripts, Grids and Educational Ideas. @ DanHollings on Tradingview.
KRAKEN:BTCUSDEducation
by DanHollings
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