The Reality of Fully Automated Trading Systems - Kevin Davey | Trader Interview

In this Forex trader interview, Etienne sits down with Kevin Davey, discussing the reality of fully automated trading systems. Find out why extensive testing and adaptation of strategies is important for algo trading.
Chapters:
00:00 The Reality of Fully Automated Trading Systems
02:45 Trading costs are against you
05:37 The impact of competition and changing market conditions
07:30 Testing strategies on multiple markets
09:48 Considering trading costs in strategy development
14:07 How long are strategies run before they go live?
16:45 The psychology behind algorithmic trading
21:28 The role of psychology in algorithmic trading
22:17 How does one get used to running algorithms
27:14 The potential and limitations of AI in trading
30:36 Continuous improvement and learning in algorithmic trading
34:27 Where to find Kevin Davey (links below)
#desiretotrade #forextrading #traderinterview #algotrading
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Kevin's website: KJtradingsystems.com
RUclips: ‪@AlgoTradingWithKevinDavey‬
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[@longwoodcurrencytrading]

Though I'm not an algo trader, I've programed many simulation systems against random generated data and large sets of past real data (no difference in price movement) and the simulations tell it all, and as you said: nothing programmed works all the time, or even against different vehicles. In my opinion: it becomes far easier to just learn how to trade than to get hit with a series of algo losses, figure out what changed, test the changes, and if you have money left after the losses, go back in to run again. I'm not sure if AI will be of much help against real time decision making against random order flow type price action prevalent in the FX market in particular.

[@SSEnrich]

My style of trading. Tons of research and statisics. The problem though is the huge work load that can burn you out.

[@keith2774]

@Etienne - how many markets do your statergies need to work on, before you consider them "good"?

[@GodlyTrading]

How often are you re-optimizing your automated systems?

[@brucesmith6868]

Thanks E good stuff

[@DesireToTRADE]

Glad you enjoyed it!