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!