And Here's One We Made In The Workshop

We made a lot of progress in the Workshop so far. We worked Saturday to Tuesday. We had guys from all around the globe, stretching from California through Venezuela, Russia to Australia. A great and diligent group intent on moving their trading to the next level.


We are in the hands on portion of the Workshop. The guys are working to put into practice what they have learned. I added a couple of extra hours for tomorrow, Saturday for Q & A, and we have our final session on Sunday to address any issues that the attendees have discovered during their testing.


On Monday we created an algo to autotrade. We wrote it using the ES as our model for picking the trading pictures we wanted to capture. I then reconfigured that exact algo - same trading logic - to trade my favourite DAX. I decided to break my day into two and below you can see the London morning version (DAX trades differently after about London noon when America wakes up). Today it had three trades: two winners and a loser with an overall green day.


This algo has an expected win rate of about 63%. It's still a work in progress because it's missing a couple of filters, BUT IT IS TRADEABLE. The process of creating an algo, as the attendees discovered, is an iterative one. We create something that works and then improve it. We test and test and retest until we create an algo with the profile we want. We start with the trades we want to capture, how much we want to make, what our risk pain threshold is and use that as our goal in building the algo.