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036: The Development Of An Automated Trading System w/ Shaun Overton

036: The Development Of An Automated Trading System w/ Shaun Overton

FromDesire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders


036: The Development Of An Automated Trading System w/ Shaun Overton

FromDesire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders

ratings:
Length:
37 minutes
Released:
Apr 18, 2016
Format:
Podcast episode

Description

The Development Of An Automated Trading System w/ Shaun Overton
Watch the video interview!
Episode 36 of the Desire To Trade Podcast features Shaun Overton, the automated trading system developer also founder of One Step Removed.
Shaun started in the forex industry in 2005 working as a broker at FXCM. He led the sales effort for an automated trading fund, which led to his interest into automated trading. He then went on to create his own systems that now allow him to live off them.
At the opposite of what I believed, Shaun says developing an automated trading system isn't so complicated. One must learn how to program first. Then, there's a clear process, described during the interview, anyone can follow. 
Shaun spends his days researching. This is a passion for him, but his goal is to create more systems that produce positive results. He shared about the exact things he's looking at and the sort of system he has developed.
Although this podcast episode appears fairly technical, there's something that can be learned by any trader. Both automated system traders and manual traders must backtest their trading plan. One of the common problem consists of backtesting only for a restricted period of time and optimizing the system for that period.
The world of automated can be highly fascinating for traders with an interest for statistics and programming. For more on that topic, I recommend listening to DTTP 011: The Fascinating World of Automated Trading and checking what Shaun is doing at One Step Removed.
What’s covered in the podcast?

What it's like to be an automated system trader
Examples of factors predicting the movement of a currency pair 
The steps to develop an automated trading system
The biggest mistakes made when developing an automated trading system
What type of broker works best for automated system traders
Best resources to learn to program
And so much more...
Released:
Apr 18, 2016
Format:
Podcast episode

Titles in the series (100)

My name is Etienne Crete, and I love the idea of trading Forex for a living but I was fed up with the non-applicable tips and sayings that get you nowhere. So I created a place where aspiring Forex traders can learn a solid process that will get them results and won’t let them down. The Desire To Trade Podcast has for goal to help you develop Forex trading skills for more freedom. I interview successful traders from around the world. My focus is on providing you with lessons from my personal trading experience and my conversations as I trade and travel around the globe.