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theostock.ai Profile picture
theostock.ai
@TheoStockAi
💯 % trades executed by automated algo. Trend following trades by algorithmic price pattern analysis .
May 29, 2021 • 12 tweets • 3 min read
My misconceptions (MC) cleared by Algo & backtesting (BT) on Intraday Trend following system (Cash Market)

MC-1: Algo trading is THE ONLY REMEDY to all trading issues and making money.

Realism vs MC-1 :
My Algo is merely a reflection of what you are up to till that point.
1/n Algo will not render holy grail strategy by solving RR, MM, DD and psychological issues.

Algo is Just a tool to outsourcing my clerical job of finding and executing trades as per my trade setups.
2/n