What is Algo code trading ?
Hi,
@AlinaLee;
To be honest, my life is not so much different to yours, I had Computer shop, Coffee shop, Bakery Shop, Apparel Shop and IT Studio back in my country. Also, I am doing a day-job office work at the same time, and life was quite rushing and hard. I think the hardest bit in real sector is Human Resources, as they are uncontrollable factor in the business, they often created risk and hardship to my entrepreneurship.
My life in FX trading is comming to 8th year now. During my journey, I won a lot and lost more, so with consideration why retail trading failed in long term, i write many statements about Time Bias on my facebook ZnailCodeTrading. The gist is most trader use indicators stick to their trading decision with a certain time frame(s) of decision making, however, in real market the time factor varies all the time. None of certain time frames can work perfectly, hence netting profit of long term retail trading to zero.
So to answer your question, I throw away all indicators, charts, trends, and all i ever used in trading. I turned to Algorithm Coding or Algorithmic Code which is a computer language to process data input from the market to output trade decision in no time frame limit (i think if we can not control it, don't use it). Similar to what trading in institutional level does, but at retail level, I and my colleague do our best to get closest to institutional performance. I think I have posting too long here. Anyway, thank you for posting reply to my introduce threat.
Happy trading.