Trading Talk

Episode 186 – Pyramiding. Protecting Profits. Pt 3

Hi Traders,

This week’s episode was inspired by one of our clients, Noel, who had some great questions on the previous 2 builds.

He wanted to know how to automatically set the direction to long or short in the model we recently built to take advantage of the way the logic works to lock in profits.

Well, we’ll show you how in this episode – it’s easier than you think.

Also, in this episode, we use an indicator that has been developed by one of our 2021 Algo Conference speakers and was actually used in one of the models presented in 2019. This episode is a must-watch.

Latest Episodes

Modifying X Manager Algos

In this episode, we check in on the results of the My First Algo mini-series from the past 30 days and explore key upgrades for running algos in X Manager.

We’ll cover modifying and saving running algos, adding hedging when exposure exceeds net 5, implementing a pyramiding function, and testing across 28 Forex symbols to optimize for low drawdown. Plus, we’ll set up a brand-new algo on a fresh demo account.

Read More »

Creating a Portfolio

In this episode we continue upgrading the previous Breakout strategy and start creating a portfolio with multiple symbols and multiple timeframes.

Read More »

Variables & Optimising

In this episode of Trading Talk, we continue refining the My First Algo Pack breakout model by optimising take profit levels.

Fine-tuning trade exits is a critical aspect of any trading strategy, and we’ll explore how small adjustments can lead to significant improvements.

Whether you’re already using the My First Algo Pack or just getting started, this session is packed with valuable insights to help you build a more effective, data-driven approach.

Read More »