Algos or What

I became a trader very early in life as I was very entrepreneurial from an early age. My Dad always had his own business and that was my example.

In my quest for even more freedom, I have thought for a very long time that it would be neat if I didn't even have to turn up and the cheques kept on coming.  However, life isn't like that unless you inherit your money so a degree of perspiration is always required. However, thos of you have been longtime readers of the blog know that one of my favourite quotes is: "Genius is 10% inspiration and 90% perspiration" (Thomas Edison).

Nevertheless, I believe that I should be the one to choose when to expend my 90% and when to expend my 10%. I've more than put in my 90% so now I'm enjoying using that 10%.

I've been working like a fiend with Bloodhound. Bloodhound has allowed Flo to progress well beyond my meager programming abilities and to be released from reliance on anyone. Here's one I did earlier.

The algo uses the LogikUniversalRenko bars that get rid of noise. There is a downside to these as there is a 3 bar slippage at the turning points but I take this into account when I show Flo what to do - all with no programming, just picking logic blocks. All my algos have the same premise of following the orderflow. No prediction. As the Chinese philosopher Lao Tzu said: " Those who have knowledge don't predict. Those who predict don't have knowledge".

As you can see from the pic, Bloodhound allows hybrid trading from the same chart.