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HOW TO MAKE MONEY WITH AUTOMATED TRADING

7,579 views March 29, 2020 14:21

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ChannelThe Transparent Trader

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DOWNLOAD FREE "ULTIMATE BEGINNER'S GUIDE TO AUTOMATED TRADING" TO GET STARTED MAKING MONEY WITH ALGORITHMS TODAY: thetransparenttrader.com/auto-trading-guide-acc…

Grab 3 favourite strategies for FREE in my new 22 page Beat the Markets Strategy Guidebook here: thetransparenttrader.com/beat-the-markets-strat…

Learn even more about making consistent profits with rule based strategies. Let me show you the process I have developed in over 10 years trading:

Click this link to my trading school
trading-halls-of-knowledge.teachable.com/p/road…

In this video I walk you through the process in which you can make money with automated trading. I have split it into 4 main sections:

1. Explanation of what automated trading is
2. How to get started
3. A real example of an automated strategy
4. A complete automated trading working setup. My setup.

What is automated trading? It's a fairly hands-off approach to trading by letting the pre programmed computer take the trades for you. It has many benefits including very little screen time. You don't need to be sat watching the charts all day because the computer is doing that for you. You are able to trade 24 hours a day, even while you sleep. So trading markets like Forex are more convenient wherever you're located. And it's a stress free way of trading because much of the decision making is removed because of pre programmed hard trading rules.

To get started with automated trading you first need a strategy idea. This strategy should have rules which are programmable. You need strategies which have an edge. Meaning that after a large enough sample of trades, you will make money. Now you need to program the rules into your trading software and test the strategy. If you're happy with the performance you can then go live and start trading. Ideally you want a collection or portfolio of uncorrelated trading strategies to trade.

My automated setup comprises of 3 main components.
1. Trading software in which I use Multicharts
2. My broker. Currently I am using LMAX but in the past I have also successfully used Oanda and Interactive Brokers IB
3. A VPS or Virtual Private Server. This is a cloud computer in which the trading software runs on.

Please leave any questions or comments and remember to subscribe!


MULTICHARTS WEBSITE: multicharts.com/

WORK WITH ME 1 to 1: thetransparenttrader.com/coaching-details-3/
WANT YOUR STRATEGY PROGRAMMED? thetransparenttrader.com/back-testing/
WEBSITE: thetransparenttrader.com/
EMAIL: [email protected]

DISCLAIMER:

I am not a financial advisor and I am not offering you financial advice. I am not regulated in any way. The purpose of the content I provide is for educational purposes only.

Any information you receive is based on my own knowledge and experience in the financial markets and how you act on the information provided is your own responsibility.

I cannot be held responsible for any losses you may incur as a result of ideas taken from my content provided.

About this tutorial

The Transparent Trader published this 14:21 video tutorial on March 29, 2020. It has been watched 7,579 times on YouTube.

Category
Education
Duration
14:21
Published
March 29, 2020
Views
7,579
Likes
212

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