Algotrading
ALGORAND- Dancing with El Salvador 🕺Events:
El Salvador to Launch Government Blockchain Infrastructure on Algorand This Year
The country has signed an agreement with Latin American asset tokenization company Koibanx to allow official records to be hosted on the blockchain.
El Salvador’s government has signed an agreement with Koibanx, a Latin American asset tokenization and blockchain financial infrastructure company, to develop the country’s blockchain infrastructure on top of the Algorand blockchain.
The ability to store official documents digitally on top of the Algorand blockchain will come before the end of this year, Koibanx CEO and co-founder Leo Elduayen told CoinDesk.
This could be great news for ALGORAND and the chart can help us explore this opportunity.
One Love,
the FXPROFESSOR
RTY and what I learn from my brotherI have not posted in few weeks and why is because I have working on new strategy. Everything I know of trading I learn from my brother honestly. He is the best trader I know and smartest person I know. He mentors me with trading. Much more in the past than now because I am a much better trader now. But he still helps me. He bankrolled my first trading account with 25000 USD and when I make this back I try and pay him back but he said keep it. Wow! I'm lucky. He is incredible with computers and he is a person that big companies hire to try and break in to their computers system and he finds the holes and weakness. (He got into a bit of teenage trouble for this, but he is very good man, now especially). He is also on tradingview but that is where I will leave it. Then he builds algorhythms that seal up the flaws. I don't pretend to understand. He also codes for trading strategies and I have the advantage of getting them no cost. but I digress. LOL
So I notice that after 6 months that my returns start to fade some. This is despite me not changing anything about my strategy. So I seek my brothers advice. I ask him if this is statistically significant or not. He did some analysis and said yes this is real and significant. When your strategy becomes less profitable the market has adjusted to your strategy and it is time to make some adjustments. He said he would give me the strategy he is using now, but I said nope let me figure this out. So I get to work and I come up with a strategy that uses a moving average, RSI and ADX/DI. No shapes or wedges, support or drawing. I like this.
I played around with my new strategy and use backtester that my brother uses. I find I can win almost 80% of trades with a risk reward of well over 3:!. I go to him and I say this can't be right. So he analyzed it too and came up with similar numbers. He said now for to forward test it for the real test. So over the past few weeks I did this and so did my brother. These are the results.
PuckBunny
total trades 72
wins 55
losses 17
win percentage 76%
reward to risk ratio: 3.53:1
Sortino ratio of 2.03
Brother Puckbunny
total trades 84
wins 69
losses 15
win percentage 82%
Reward to risk: 3.22:1
Sortino ratio 2.41
So of course he always beats me and I ask him how. he said he adjusted my moving average to change to longer or shorter depending on volatility. Thus more trades, more win percentage and more money. He gave me the indicator he built for this and make it dummy (me) proof by showing the sells and buys on chart.
An interesting part of this strategy is that the risk is quite large. In fact, in some trades the risk is 4 times more than potential reward. The thinking is that based on chance alone the price is much more likely to hit target than be stopped out. Add to this a directional bias and you have a winning strategy. the big risk is the opposite of what most of us were teach. However, he has built a safety being that he adjusts the stop in kind of a reverse trailing stop loss, based on how much below entry price is and volatility. So this big risk is rarely realized.
So I have been using this strategy for 1 week and I take 7 trades and win them all. Now this is my first one to post. You can see details on chart.
RTY long 2272 (you can see buy signal on chart)
stop loss 2166 (I know right?)
Let's see how this goes.
DOGEUSD(4Hr) : Doge in a sideways momentumMarket in the last 24hrs
The price can be seen moving along the middle Bollinger band in the last 24 hours. Trading volume has been very high in the last 24 hours
Today’s Trend analysis
The price is expected to continue to move sideways along the middle Bollinger band and is expected to continue to move in a similar momentum until there is a sudden change in the volume or any other fundamental factor.
Price volatility was low at approximately 0.34%, with the day's range between $0.278 — $0.29.
Price at the time of publishing: $0.281
DOGE’s market cap: $38 Billion
However, the Indicator summary is giving a 'SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal.
Trading volume has been very high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
Who else is shorting EURGBP 🙋♂️Entry details are shown on the chart.
Working the H1 time frame on this strategy.
We're only looking for TP3.
In slight draw down when writing idea.
But we stick to the proven back tested plan so I'm happy to share the trade and see where it ends up.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
GBPCAD starting to move ⤵️🙌Trade details are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Trade has been live since 4:15 UK time.
Trade history can be seen at the foot of this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
GBPJPY long already progressing 📈👍Morning traders we start the week with a GBPJPY long.
Entry details are shown on the chart.
Working the H1 time frame on this strategy.
We're only looking for TP3.
Trade alerted at 4am UK time and as strategy can be automated I have been in trade since then.
Trade history can be seen below this trade idea too for full transparency.
Previous short trade from last week can also be seen on chart.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
How to be a Successful Trader?Few things to keep in mind to be a successful trader.
✅Always remember to only trade what you can afford to lose. Know the risks involved in trading.
✅Use a proper risk management strategy to minimize losses in the event of a trend reversal, exchange outages, or any other untimely issues.
✅Only expose 2 to 3 percent of your portfolio value for each trade.
✅Never follow anyone's analysis blindly. Do your own research.
✅Keep your emotions out of trading. If you see a lot of losses, take a break for some time, analyze your mistakes and come back stronger.
✅Define your profit targets, don't get greedy, and keep improving your trading strategy.
Let us know in the comment box below, of more things to keep in mind to be a successful trader.
Don't forget to follow us for more educational content, trading ideas, and scripts.
Happy Trading
ALGO: Clear for TakeOffAlgo moving on high volatility with upward trajectory on all time scales examined. Easily tradeable today on 1-5% margins as it heads towards $1.45 (95% confidence intervals).
Best regards and happy trading,
Dr. Nick2Keul