My Trading Before Trade View
The first awareness I had of trading was the commodity futures market in the world of 1982 when digital technologies were beginning to make their presence felt in every human endeavour. Precious metals went ballistic. This intrigued me, and whet my appetite for trading which has maintained over these last 40 years. I dabbled and explored possibilities through the ‘80s, including checking out Nick Radge’s early stock trading incarnation. The 1987 crash was epic at the time and glamourised the dramatic highs and lows of trading life.
By the early ‘90s, my brother and I had developed and manually backtested a trend-following system based on moving averages for Yen and Deutschmark futures. On a daily basis, full lot orders were phoned through to a Brisbane-based Refco broker, who duly transmitted them to the Chicago exchange – inevitably the seasoned US floor traders took us for a ride while the account gradually diminished. Learning is everything in any undertaking, and I had a voracious appetite for the few trading books available. Fortunately, I encountered works by Perry Kaufman and Robert Pardo (the same age as me) and was delighted to see them as presenters at the TV Algo Trading Conferences of 2020 and 2021.
As the Dot Com Bubble and Tech Wreck framed the end of one millennium and the start of the next, I sat out the frenzy in stock trading despite the urgings of friends. However, the study continued. I found other trading books were instructive, and influential in improving my psychology and expectations. By 2007 I had completed a course in news trading, discovered online chat rooms, and was a daily user of Metatrader 4 and its myriad indicators. I had learned about the “carry trade”, and the looming storm of sub-prime mortgages in the US. Despite a level of engagement with trading in 2008, I still managed to miss the huge moves at the very point of the GFC!
Then my biggest lost opportunity of all – not getting on board early BTC purchases in 2013 even though I told a trader friend to do so – he made millions by 2018 and I made nothing. Meanwhile, cue the Rise of the Algos with an attendant army of bots and high-frequency trading. I had been manually trading MT4 indicator systems through 2018 and 2019, when I spoke with Trade View in 2020 in relation to automated trading using the Trade View tool set. After all the financial ups and downs with their accompanying emotional roller coaster, while ultimately doing no better than break even overall, I was finally ready to listen and jumped on board.
Why I love the Trade View Platform
In a nutshell – speed and ease of finding ideas, testing, optimising, building portfolios, demo trading, and ultimately live trading – all in the same web app. I am finally converted to automated trading.
The workflow for a trader who also wants to live a life [rather than watching charts, researching indicators, coding in MQL, manually placing trades, checking news feeds etc]:
- Find an idea
[Check Trading Talks and Algo Conferences] - Grab the template
[No need to build – edit at will] - Optimise and Test on multiple products and timeframes
[if you can’t make it work on the available markets, it probably won’t work] - Analyse the results
[this can be more or less sophisticated, depending on your mathematical capacity] - Combine potentially profitable algos into an even more profitable portfolio
[thanks Matt for highlighting the real value of this] - Demo trade the algo/portfolio for X weeks or months
[whatever you’re comfortable with – just don’t procrastinate with analysis paralysis and fear of loss – ultimately you must back yourself and remain accountable] - Live trade if the demo makes money!
[this is the whole point of the exercise – keep it simple – it’s not about being right or smart or never losing] - Rinse and repeat .…..
[while accessing responsive support from the TV team – thanks Rob, Eddie, Nathan, and Charles] - Show up every day, put in the work, and reap the rewards
[This is not financial advice LOL, nor a promise that you will succeed – it’s encouragement]
What I learned from Trade View
The key is the quality of the trade idea, not any specific indicator or trade management parameters.
Eddie – Take Action; Automate; Manage Risk
Matt – Power of Portfolio; Tweak ideas without Curve Fitting; Analyse thoroughly
Nathan – Explore the ideas in Trading Talks; Focus on % Returns
Charles – Monitor running Algos; Test relentlessly
The Courses I’ve Done At Trade View
- Introduction to Markets
Basics for beginners
- Systems Building
Essential to understanding the TV platform
- Trading Talks
A treasure trove of ideas and learning
The Algo Trading Conference
I have not attended any live events yet, but I have purchased the recordings and templates for 2020, 2021 and 2022 conferences – 9 presenters and systems in total. I’m looking forward to attending the 2023 event, and have booked a ticket due to the value of previous conferences.
The stellar quality of the presenters is outstanding. For me, this made Trade View stand out as having real awareness about key figures in the trading world. Rob and his team are able to attract experienced traders from amongst the best and brightest year after year. It’s a special annual event, not to be missed.
Each uniquely experienced individual unpacks a complete trading system, including the template of an algo to copy, test, edit and improve. Valuable nuggets of wisdom and trading insights are liberally sprinkled throughout their presentations.
Thanks to Nathan who encouraged me to engage with the conference material as a next-level experience from the comprehensive Trading Talks library.
Trading through X-Manager
With the addition of trading in X-Manager, the TVX offering has become a completely automated trading solution with the convenience of a single web app. The ease and efficiency of implementing algos across markets and timeframes should not be underestimated. For me, this has been a game-changer in managing multiple running algos.
[MT4/5?? I know, I know .…. but I prefer the relative ease, efficiency, and leverage .….]
Copy Trading
With the inclusion of the Copy Trading facility in X-Manager, all clients/traders of Trade View can share algos. Like the “prisoner’s dilemma”, we can all do much better by sharing successful algos, rather than just going it alone. Many hands make light work, and many heads are better than one. In the spirit of transparency and cooperative endeavour, I have shared a portfolio of forex algos. As yet, no other traders have shared any profitable algos – what’s holding you back?
Would you like results like Richard’s?
Learn the foundation of automated trading with the System Building
Program and the Trading Talks to increase your knowledge of trading
concepts.
