I use multiple algo trading strategies in multiple accounts.
Some people have questions like how can you trust programs or computers. Since I use very simple algo and write clean code I always know my risk and my position size.
A major benefit of using multiple strategies is that my profits are not tied to a success of 1 strategy. All the strategies have drawdown period. And goal of any trader should be not just to maximize returns but also to limit the downside risk – i.e. smoothen their overall equity curve.
I like to diversify—across strategies, asset classes, and timeframes. Yeah, you heard that right: it’s not just about diversifying strategies.
Let’s say you find a strategy that looks like it can beat the market, so you dive in and start trading. Maybe it takes you an hour or two every day to manage it.
Here’s my approach to algo trading: I run 10, 20, or even 30 strategies in parallel, all without breaking a sweat.
For example, one of my swing trading strategies tracks 50 stocks and ETFs. That’s like manually looking at charts for all 50 of them every day and placing trades. But with my algos? It’s all on autopilot. Whether I’m sick, on vacation, or traveling, my algorithms are still executing trades based on pre-set rules.
And when it comes to risk management, I’ve got multiple orders set for each position, like multiple profit targets. No more stressing over typos or spending extra time managing it all manually. Everything’s in place, running smoothly.