“Fully Automated Trading Systems” – Matt DeLong | Trader Interview

Published on October 27, 2022

Search More info About Forex Algorithmic Trading Ernest, “Fully Automated Trading Systems” – Matt DeLong | Trader Interview.


In this trader interview, Etienne sits down wth full-time automated trading systems developer Matt DeLong. He is a pro when it comes to mastering algo trading and strategy development. Matt will teach you how you can create fully automated trading systems that can be run fairly hands-off.

0:00 Not every trading strategy can be automated!
0:24 Introduction
1:05 What has Matt done since his last interview with Etienne
3:29 Why Matt’s algo was originally a Long only strategy
5:03 How Matt constructs algorithmic trading strategies
7:22 Why algos should look at multiple timeframes
7:54 Is Matt an algo trader or algo manager?
9:08 How can someone using algo protect their capital
11:10 How Matt monitors his algo trades
13:18 How can you know when you need to replace an algo
15:28 How can you know that the market conditions have changed
17:35 How can you get started with being an algo trader
20:16 Why Tradingview data works well for Matt
21:37 How can you determine if a strategy is good from its statistics
25:16 What platform does Matt use to be able to trade on multiple brokers
27:20 How can you get an algo built for trading
29:03 What is Matt’s preferred programming platform for trading
30:10 Where to find Matt DeLong
30:26 What does Matt do at Real Life Trading

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Forex Broker (Pepperstone): https://d2t.link/pepperstone
Forex Broker for Canada (Axi): https://d2t.link/axitrader
Best Platform: https://d2t.link/tradingview
Backtesting Tool: https://d2t.link/soft4fx
VPS (for algo trading): https://d2t.link/vps
Trading Journal: https://d2t.link/journal

David Cutter Music – http://www.davidcuttermusic.com
Andrew Applepie – https://andrewapplepie.com/

My name is Etienne Crete (from Montreal, Canada). I’m a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.

I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That’s why you can expect more free content from me than what other people charge for!

If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you’re good at.

// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.

Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn’t affect you in any way in the checkout process (I’m sometimes even able to arrange a discount for you that is special from other customers).

Fully Automated Trading Systems Matt DeLong Trader Interview

Forex Algorithmic Trading Ernest, “Fully Automated Trading Systems” – Matt DeLong | Trader Interview.


Just how much do quants make money?

The average base salary for quants and engineers at leading algo-focused hedge funds was $163k in 2018. With a close to $100k ordinary bonus offer, year-end total compensation for a normal quant is north of $260k.

Recommended Book for Trading Strategies

Building Algorithmic Trading Systems: A Trader’s Journey From Data Mining to Monte Carlo Simulation to Live Trading, + Website

Book by Kevin J. Davey

Front Cover - Building Algorithmic Trading SystemsDevelop your own trading system with practical guidance and expert advice In Building Algorithmic Trading Systems: A Trader’s Journey From Data Mining to Monte Carlo Simulation to Live Training, award-winning trader Kevin Davey shares his secrets for developing trading systems that generate triple-digit returns. read more…

Originally published: June 11, 2014
Author: Kevin J. Davey

The Ultimate Guide To Effective Algorithmic Trading

Basically everybody who has programmed a computer to do
anything beyond outputting “Hello Globe” has actually dreamed of having a computer formula (algo) functioning tirelessly to extract cash from the financial markets, be it in stocks, bitcoin, soybeans or anything else traded on an exchange. “Configuring genius, market killer” is a phrase we had actually all like to be related to. That is what an excellent artificial intelligence investor is.
But just how sensible is producing and also deploying a computerized algo crawler, or an army of robots, to generate income for you? As well as, assuming it can be done, how do you in fact deal with doing it? This overview strolls you via the steps to becoming effective at algo trading. But be advised it is a lot more engaged and also much more challenging than you may assume.

The Fundamentals What Are We In fact Discussing?

Before we get as well much, there is some terms associated with trading that will certainly assist you comprehend algo trading. There are 3 key modes of trading. The very first is optional trading, where a trader makes buy/sell choices based upon any type of variety of variables, a few of which can be set, and also others such as intuition as well as inklings which can not. Several optional investors look at charts or price ladders on a computer screen for hours each time, buying and selling as they accompany.

The second sort of trading is algo trading. In years past, it was called mechanical, organized, black box or guideline based trading. Currently most people refer to it as algorithmic or algo trading, but the concept has actually not altered. The core viewpoint is that all the guidelines for trading (the “trading system” or “trading approach”) are 100% defined, and also strictly adhered to. This makes algo trading suitable for a computer system to execute, as well as also run automated in real time without human treatment. One significant advantage of this design of trading is the policies can be traditionally evaluated, called a “backtest.” By running a backtest, you can obtain confidence in a trading algo prior to putting cash behind it. If the rules were not lucrative in the past, they likely won’t be in the future!

The 3rd kind of trading combines discretionary and algo trading. This is known as a crossbreed or grey box approach. For instance, maybe the entrances are based upon an investor’s instinct, with just the leave policies digital.
For the conversation listed below, we will focus on the 2nd approach pure algo trading – 100% electronic guidelines for acquiring as well as marketing any kind of instrument. We will look to algo trade on an exchange, which is simply a physical or digital setup where buyers and sellers can execute trades.

Why Should You Listen To Me?

Now that we have basic terms down, you may be wondering why you need to pay attention to me. First, I have been algo trading for over 25 years, and also most notably, not always effectively. Over the years, I have actually discovered and get rid of the risks in trading system style that plague numerous traders. This took years of hard work and also tuition (losses) paid to the marketplace. However eventually, I had the ability to make a go of algo trading, and finished in 1st or 2nd location 3 years straight in a worldwide, genuine money futures trading contest, making over 100% in each of those years.
I was also able to accomplish the goal that entices a lot of part-time pastime traders – making the jump to full time trading, which I still do today. In the process, I created 3 finest marketing algo trading books, and I share my experiences all over the world through workshops, classes as well as seminars.

So, together with my early trading failings, I have actually had verified trading success. That is essential, because lots of trading instructors have never ever even traded successfully! The process I lay out later on in this article is really from somebody that has “been there, as well as done that.”

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