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How to create your own trading algorithm ? – EXCAVO

The constructor of your trading algorithm

 

 

Hi friends, today I want to share the constructor of your trading algorithm.

I want you to take a piece of paper and a pen and answer these for yourself And this will be your individual trading algorithm

1. Trade style

Decide how you are going to trade Choose your style –  Short term –  Swing trading –  Medium term – Scalping – Carrytrade – News StraddleTrade – Long term – Other

2.Write more specifically here, what time will you work?

Indicate the hours of your work at the terminal

3.What’s is stopping you from trading?

Here you should list ALL moments that can confuse you in trading. I do not trade if:

  – Bad mood   – I’m drunk (a), or fun) – I’m sick   – Exceeded (a) the established level of risk for a day, week, month   – On the day of the release of important economic indicators   – Bank holiday period   – At the end of the fiscal year   – At the beginning of the fiscal year   – Other

 

4.Trade Details:

Describe in detail all the situational moments in the trade I am analyzing yesterday’s deals    Yes    Not

 

My instruments (what I trade)

__________

What type of analysis do you use

___________

 

What patterns do you trade -add files

 

What important economic news do I see on the calendar

___________

I am doing a general market analysis on such timeframes

___________

What indicators do I use (indicate names and settings)

___________

Signals to enter the market, i.e. when I enter the market

___________

Pictures of situations

___________

I trade such a market model based on price levels add files

For me, the signal to enter the market is a SELL order based on price levels

Price trading below the level after the breakdown of the level (breakdown of the level)

Price trading below the level without breakdown (reversal from the level)

In pictures it looks like this

_________

 

The signal to enter the market is a Buy order based on price levels for me

   Price trading above the level after the breakdown of the level (breakdown of the level)

   Price trading above the level without breakdown (reversal from the level) In pictures it looks like this

_________

 

Signal for a false breakdown for me is

Maximum permissible risks for my deposit (in%) per transaction, per day, per month:

_________

 

The ratio of profit to loss is    1: 1    2: 1    3: 1    Your option:    Other   After entering the trade for each order, I set StopLoss    Yes    Not

After entering the trade for each order, I set TakeProfit    Yes    Not

In my trading, I practice partial fixation of the volume of the order (I close the profitable trade in parts) *    Yes    Not What does it look like? Picture*

I make sure to work on the bugs *    Yes    Not

 

 

 

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