STOP EMOTIONAL TRADING & MAKING LOSSES DUE TO IT - YouTube

Hi Everybody welcome to this video, this video is all

about the benefits of algorithmic trading. Now as you know ATS by Tradinsights

powered by Tekton is a very simple to use system. You can create

strategies in under a minute, you can backtest them just as quick and

then you can set them to run live. Now this particular trade I'm about to show

you on the next video is a is a trade that we've actually got a video on our

YouTube channel however the reason I'm showing you this is because the trade

triggered around 4 o'clock in the morning. It executed, it closed out at nine o'clock in

the evening, all automated. But during the day the trade reversed. The trade

reversed and went all the way up to almost hitting the stop-loss. Now had you been

watching this live and trading manually you probably would have wanted to close

the trade out. This is all about emotional attachment, nobody likes to see

losing trades and if you start a trade manually and you see the trade going the

wrong way you will want to try and close them out early to stop

you losing excessively. That's what a Stop Loss is there for but many traders

always close trades early when they see the market turning against them. So we're

looking to sell well then those market turns against them they close the trade

out. So this video shows you how that trade actually did reverse but

eventually it hit target and had you been watching you probably would have

closed it out but the benefits of using ATS are that you're not going to watch

it, you don't need to be there when it executes, you don't need that to be there

during the day to watch it and you certainly don't need to be there in the

evening to close it out ATS does it all for you so if you want to get hold of a

copy look at the end of the video you'll see a website where

you can visit and get a copy of ATS by Tradinsights, it's free to use and it's very simple to use

as well and I hope the video is self explanatory thanks for watching and bye

for now. So this video is to show you the benefits of using an algorithmic trading

software ATS by Tradinsights powered by Tekton. If you've been watching our

other videos you'll see how easy it is to create a strategy and how easy it is to

to back test. No coding knowledge is needed, you need no coding experience and you

certainly don't need to be an IT genius. So this diagonal dotted line you see

here is a trade that was taken by ATS taken

on the 26th of September at 4:26 in the morning using a Bollinger Band and

Stochastic strategy which you have seen a video on our YouTube channel

on it so the reason explaining this video is because a lot of people ask me

what's the benefit of an automatic trading system and I'm going to explain

that to you now the trade triggered here ok the trade triggered here at 426 in

the morning on the 26th and there's the position ID so genuine trade and as the

open price and the targets would have been when price reaches the bottom

Bollinger Band and at the same time the stochastic was showing oversold ie

here. So the reason for the video is to show you that had you been trading

manually you wouldn't have taken this trade because at 426 in the

morning you would have been asleep probably had you taken this trade and

been awake at 426 you would have seen if you'd been monitoring it that the

price kept falling but didn't cross the Bollinger Band so it still hasn't closed

out came down nicely ok still hasn't closed out but then you'll see around

about 1:50 in the afternoon on the following day price started to push back

up again and have you been watching this you probably would have got itchy

fingers and probably wanted to close the trade out so you bank some profit, but of

course trading 80s by trading sites you wouldn't have been watching this you'd

have been doing something else enjoying yourself doing other things or even

working or on holiday or whatever it is the system would have taken the trade

without you knowing and had you been trading manually you would have probably wanted

to close out at the top as it is going the wrong way etc but because we left it

running as you can see we have faith in the

strategy eventually it closed out here at 21:30 or the following evening so yes

the trade ran for a day and a half okay it wasn't a day and a half it's actually

under a day it was 04:26 in the morning on the 26th and closed out 38

pips later at 21:33 in the evening and I daresay that you wouldn't

have been in front of your computer at that time so that demonstrates the

beautiful thing about ATS by Tradinsights that it will take trades for you

24 hours a day if you wish and even when your conditions are met it will take the

trade it will manage it for you close it out etc had you been watching manually I

know most of you probably would have closed this out thought it's going the

wrong way let's close it out so we don't lose excessively that's what a stop loss

is therefore just to show you where the stop loss was on this the stop loss was

gonna be 15 pips above here so the stop loss would have been at 1.0974 which is

about here at the top here so the price didn't reach it but I know traders out

there trade manually would have wanted to close this out because they didn't want to

lose the trade but the beautiful thing is with ATS you're not actually looking

at the trade you're not even there when it enters you're certainly not there

when it's actually running and you're certainly not there when it's actually

trading and closing out and banked 38 pips of profit which was generated £616

of profit while we're doing something else so that's the benefits of ATS by

Tradinsights, if you want to get a hold of a copy of it yourself and use it it's

very simple to use and use the contact details that you will you'll see at the

end of this video and I would be delighted to get you going with it. Thanks for

watching & bye for now