If you are a trader considering trading your own algorithm (algo), I can think of many reasons why you should start creating your own algo today:
• If you already have a trading strategy, coding it will turn it into a process.
• Well-designed algos are efficient and effective.
• Algos can process much more information in real time than you can.
• Technology is cheap, so why not make it work for you?
• Algos improve consistency.
• Algos remove emotion from the process.
• Algos capture your knowledge about the market and compound it.
• You will learn a ton doing it.
• Developing an algo is a creative process. It is fun.
• There is no downside to trying it.
Just do it. I post about algos on Twitter using the hashtag #tradingalgo. Join the discussion and tell me what you think.
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