How to become a successful Forex trader with algo trading
How to become a successful forex trader with algo trading is a free lecture from the course Walk Forward optimization: Forex trading with Portfolio EAs. The course can be found here:
How to become a successful Forex Trader is a question that I answer and all of my training courses. My name is Petko Aleksandrov and I am a professional Forex Trader with over 14000 students worldwide. In all of my courses, I do my best to give the information that every beginner Trader needs before starts trading.
I have dedicated many of the courses in algorithmic trading because this way people avoid emotions in trading which are the most common reason why people lose. When trading on the Forex market 95% of the people have strong two feelings one is the Fear the other one is the Greed.
How to become a successful Forex trader when there are emotions? The only way to avoid emotions in trading is with algorithmic trading and expert advisors. This is why I use expert advisor studio as a professional software to generate, analyze and export strategies as expert advisors without programming skills.
The software is designed to how to make every trading strategy using the MetaTrader indicators and as well if you are a beginner Trader you can use the program to generate strategies for you. For this purpose, you need to export the historical data of your broker which I explained in this course. Also, the generation process goes with a variety of acceptance criteria which help the trader to automate the strategies and filter them. This answer is pretty much the question of how to become a successful Forex Trader. You need professional software.
After the strategies are created the reactor runs automatically robustness tests at as Monte Carlo and Multi Market. The more advanced robust test is Walk Forward optimization. The idea of these tests is to prove the robustness of the strategies. If the strategies fail this means they are over-optimized.
So it's not only about how to become a successful forex Trader as a person but what tools and programs you're going to use is crucially important.
If you have questions, feel free to drop them in our trading Forum: