Hello and welcome to this video, it will help you to improve your algorithmic trading results in the next 12 months.
In the last video we have talked about the one thing you need to avoid to improve your process.
In this video we are going to talk about the one thing you really need to do to improve your process.
Have you ever tried to draw a picture?
Probably your answer is yes.
Some people are really good at drawing, other people can’t do it very well.
Imagine that you would need to draw a horse.
I am not very good at drawing, so I think my horse would likely not really look like one.
But I can recognize a good drawn horse, even if I am not able to draw it.
And if I would like to draw a better horse, I would find a way to do that.
I would use Google to find good pictures of well drawn horses.
I would print out those pictures and use baking paper to reproduce the outline.
When my wife was pregnant, she wanted to draw a painting of Winnie the Pooh on the wall of the children’s room.
I have never drawn something like that before, but I found a way to do that, because I wanted to make my wife happy.
I asked my former boss if I could borrow the daylight projector.
I found some pictures of Winnie the Pooh and used baking paper to reproduce the outline.
I used the baking paper on the daylight projector to reproduce the outline on the wall.
Once we had an outline of Winnie the Pooh on our wall, it was no problem to paint in the rest.
Winnie the Pooh wears a red shirt.
Go to Google and try to find a picture where this is not true.
You might be able to find one, but upfront you will find at least a hundred pictures where he wears a red shirt.
And if you have seen a hundred pictures of Winnie the Pooh, you will be able to distinguish original Winnie the Pooh pictures from replicas.
This is also what can make you a good trader.
Just do a few hundred trades to get a result.
Now repeat the process with a different currency pair.
And now do it again, with other currency pairs, I would suggest at least ten.
It is easy to do that with automated trading, it can be done within a few minutes.
You can now go to YouTube and search for “Standalone Expert Advisor”, you should find a lot of my videos for Metatrader 4 and Metatrader 5, source code included.
If you do that, it will create a result.
And it isn’t even important if it is a profit or a loss.
Because once you have a result, you are able to improve it.
With automated trading it is possible to trade the same conditions, again and again.
That is called a backtest.
It is like repeating the past, using exact the same price movements, each and every time.
A backtest for a whole trading year can be done in minutes.
You can do several hundred trades with no effort.
And that will give you the ability to learn much faster – if you are willing to really do it.
And that makes all the difference.
There are people who really will do it and there are people who won’t do it.
Jim Rohn, the first mentor of Tony Robbins once said that nobody can do your pushups for you.
If you want to strengthen your arms, you need to train.
If you know that, talk about that and want to do that, nothing will change.
You REALLY NEED TO DO THE EXERCISE, talking or thinking about it will not change anything.
In this video we have talked about the one thing you really need to do to improve your process.
In the next video we will talk about what kind of advantage will help you to improve your results in a fraction of the time other traders need.