The goal of this robot is to achieve a daily average return of 1%. However, expecting a 1,400% return by year-end is unrealistic. Let's explore further.
The advantages of using a robot include its speed, lack of emotion, and ability to trade multiple stocks simultaneously. Execution is crucial. After a month of testing strategies, tuning parameters, and code adjustments, here's my current setup:
- Implement a reversal strategy with SMA, EMA, and ATR confirmation for short-term positions.
- Utilise both long and short positions, especially favorable for shorting.
- Set a 1 to 5 take-profit/stop-loss ratio to maximise profits while mitigating risks.
- Establish a telegram notification system for real-time monitoring.
- Developed using Laravel PHP, which may trigger Node.js enthusiasts.
With thousands of trades a week, turns out to be a flop. To be continue...
Cover image by: Arif Adam