(( rest day ))
Today I did more research on trading systems that use AI to make decisions.
I am thinking about changing the system I am using because I don’t know the principles behind it and some things are not clear.
I realized that several things I have studied about technical analysis and price action are not taken into account in this system. In the last few days, the system is suggesting me to trade against the daily trend. Also, the system and doesn’t use SL and is based on a healthy margin level.
In the backtest over the last few months, it was 100% assertiveness, but the truth is that they don’t take the loss and wait for the market to come back to where the price was, however long it takes. I don’t think I work that well with it.
The problem is that you need a lot of margin and capital. Some of my trades get stuck at points where the market (momentarily) doesn’t seem to be coming back. An example: I have a -$40 operation that will probably make me about $3 when the market recovers. Also, I’ve had to add more money last week to maintain a healthy margin level. But I can’t make any new trades. It doesn’t make sense to me.
I’m researching traders and AI systems that have an approach more similar to what I learned in the past.
I’ll continue to follow this app, but only until the negative trades turn profitable. Until then, I hope to find something that is more in line with the way I learned things.