Titans Of Tomorrow #1 Ranked FXCM Algo Trader & Private Fund Manager - César Barriga
Nov 30, 2024
César Barriga, a renowned Spanish trader and educator with nearly two decades in the market, shares his insights on algorithmic trading. He discusses the evolution of trading strategies, emphasizing the importance of back-testing and timing in optimizing performance. Barriga explores the challenges of navigating trust in prop trading firms and shares personal stories from his journey, highlighting the shift from high-stress to more sustainable trading methods. He also delves into the psychological aspects of trading and the crucial role of data in enhancing decision-making.
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Control AI in Trading
- Implement control measures on AI trading algorithms.
- Robots and AI need oversight, especially in financial markets, as learned through hard experience.
The 200 Lot Mistake
- César experienced a bug where his algorithm bought 200 lots instead of 2, resulting in significant losses.
- He froze, paralyzed by fear, highlighting the emotional impact of algorithmic trading mistakes.
Grid Trading
- César's early algorithmic trading strategy, a modified Martingale system called grid trading, was profitable for three years.
- The strategy capitalized on ranging markets by adding to losing positions with the same volume, capturing small movements for overall gains.