Automate your trading without writing code

Automate your trading without writing code
Automate your trading without writing code

In this post, I will investigate and show you the ways I know that you can automate your trading without the need to be a professional software developer. In fact, you don’t even need to be able to code.

The main reason why I trade end-of-day strategies is that I do not want to be in front of my computer screen trading the whole day. Another way not to be stuck behind your screen for the whole day is to automate your trading strategy. when most people think about automating a trading strategy they think about writing code and setting up a server and hooking up some trading APIs.

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Where to Put Your Stop Loss

Where to put your stop loss
Where to put your stop loss

So I talked about “What is R in Trading” and why it is so important to understand. I hope I made clear that R lets you focus on and manage Risks by always setting a stop loss order to take you out of a position automatically if things turn against you. Now, after writing that I was thinking: Where would I place my stop loss? How do I do it? And can I explain how I usually place my stop loss orders? Interested in knowing how I do it? I will give it a shot and do my best to explain it to you.

The most basic rule I use for placing a stop loss order on my trades is this:

I want to be taken out of the trade automatically when the market shows me that my initial idea or reason for entering the trade, is no longer valid.

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