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I Quit My Factory Job, The Day I Made Just $40 Trading… w/ Arturo Pestana (aka Dr. Dollar)
Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More)
Trader's Risk to Reward in Algorithmic Trading
The approach in algorithmic trading involves a typical risk to reward strategy where the algorithm specifies the risk involved upfront. In this specific case, the risk to reward ratio is set at risking 35 pips to potentially gain 70 pips. The strategy involves closing half the position at 35 pips to move stops to break even, letting the remaining half run to reach the target of 70 pips. This risk to reward setup is considered advantageous for traders.
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