193: 5 ALGORITHMIC TRADING Lessons (learned the hard way)! - Alejandro Perez

May 6, 2019

193: 5 ALGORITHMIC TRADING Lessons (learned the hard way)! - Alejandro Perez

5 ALGORITHMIC TRADING Lessons (learned the hard way)!

In episode 193 of the Desire To Trade Podcast, I am sitting down with Alejandro, a hybrid swing and day trader that became a collaborator at Desire To Trade Academy. Today we discuss 5 trading lessons related to algorithmic trading that we learned the hard way.

Watch: Video Interview

Topics Covered In This Episode

Who is Alejandro Pérez and has been his trading path 00:54
Alejandro's development as an algo trader 03:38
How to handle drawdowns when implementing an algo strategy 07:51
Have alerts at the extremes of "normal" risk limits 10:18
When to know your strategy stops working 12:52
Thinking of algos strategies stats like "investment" profiles 16:18
Turning your algos during economic events/ news 17:44
The importance of always keep running your algos in demo even when they are already live 20:20
How often you go back and test potential improvements to your algos 22:17
What platform Alex uses to program his algos 25:22
How to know that you are ready to advance to the next step with your algo strategy development 28:02
The importance of keep working in your development process 34:55
Having different strategies to work on different market conditions 36:12
and much more