Algo trading: Simplicity vs. complexity in your automated strategies 

In the recent NinjaTrader Ecosystem webinar, “Introducing Algo Studio Pro,” TradeDevils Founder and Co-Owner Sam Eells discussed their new complete solution to design, backtest, and trade your own automated strategies without any coding knowledge required.

Algo Studio Pro by TradeDevils allows you to design simple and complex algorithms from price action or any plot from any indicator. You can set up your ATM and risk management or use the ATM optimizer to find the ideal ATM for your algorithm.

In addition, you can get real-time backtesting results while you’re designing and full reporting on performance results.

Design your own algos without any coding knowledge required, including:

• Real-time backtesting
• Entry and exit templates
• Advanced ATM with optimizer
• Monte Carlo Simulator to look at risk parameters and how robust the algo is
• 100% automated trading

Plus, Eells and the TradeDevils team offer market examples with several different algos created and optimized for trading.

Eells says, often there’s a misconception that with increased complexity comes increased profitability, but that’s not necessary the case. The results you get from the simplest of algorithms, applied properly and with the right ATM, might surprise you.

Eells goes in depth on algo trading  in the full presentation. Watch a sample clip here:

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