How can I combine manual trading with algo trading effectively?

Cenzig Eller, the founder and CEO of Prosperity Algos Solutions, is a leading figure in the automation of trading strategies, particularly within U.S. equity markets and commodities like gold. Drawing from his extensive background in finance, high yield bonds, and infrastructure private equity, Eller is at the forefront of developing trading bots that mirror real trading strategies and create a new asset class of automated strategies. He acknowledges the potential of these bots to replicate the performance of leveraged ETFs with reduced downside risk, thanks to features like dynamic stop losses and the use of fundamental filters. Nonetheless, Eller maintains a balanced view, emphasizing the need for human oversight to counteract the limitations of automation, such as avoiding curve fitting and ensuring logical reasoning in strategy development.

Key Takeaways

Trading can provide a sense of liberation and adventure.

Algorithmic trading in prop firms offers significant opportunities but requires discipline and effective risk management.

Combining manual trading with algo trading creates diversified income streams and risk management strategies.

Automating trading strategies requires a strong mechanical foundation, risk management, and portfolio diversification.

Bot trading strategies aim to replicate leveraged ETF performance with reduced downside risk.

Algorithmically managed portfolios aim to become a recognized alternative asset class by enhancing transparency and offering a premium client experience.

AI integration in trading bots has positively impacted trading by enabling faster development, better data analysis, and news filtering capabilities.

Connect with Cenzig Eller

https://www.linkedin.com/in/cengiz-eller

https://www.prosperityalgosolutions.com/

Connect with Troy Noonan 

https://www.backpacktrader.com/

https://www.youtube.com/c/BackpackTrader