How to develop your personal trading algorithm

This is the fifth video of my ten day trading challenge! Day 5: What is a personal trading algorithm and how to write one for yourself. Writing a personal trading algorithm is like a preflight checklist. It should include: 1.) Your trading schedule 2.) The markets and products that you're trading 3.) Signal types and models: what are you looking for specifically for your trades. Are you trading key market levels? Are you trading true break, false break or something else? 4.) Risk management: how much money are you risking per trade, per market or per currency pair? 5.) Your trading rules: if this, then that. Otherwise, nothing! Your trading algorithm must be as detailed as possible, and allow you to trade systematically. It tells you how to trade, what to trade, and when to stop. I'll take you through an example of a personal trading algorithm and explain to you what it means to develop one for yourself. 🤑 See a special offer on my trading programs: https://offer.thomaskralow.com 💹 Best investing tips for those who want to build a low risk investment portfolio: https://bestinvesting.tips/ 👉 Check out my webinar to learn more about trading, as well as my personal strategies that have made me a lot of money: https://my.demio.com/ref/ASrUQ9YAZ2FBII8E 🤝 Sign up to be an affiliate: https://www.kralowaffiliates.com/ 🌐 My website: https://www.thomaskralow.com/ 👉 My Instagram account: https://www.instagram.com/thomaskralow/ 👉 My Facebook account: https://www.facebook.com/thomaskralow 👉 My Twitter: https://twitter.com/TKralow 👉 My Tiktok: https://www.tiktok.com/@ thomaskralow?lang=en

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