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In this trader interview, Etienne sits down with Scott Welsh, a full-time algo trader. Scott trades automated trading strategies for a living. You'll learn his best tips on algo trading and how you can start trading algorithms yourself. Previous interview with Scott Welsh: • Forex Trading Systems To Make A Livin... Chapters: 0:00 Start 0:21 Introduction 0:44 Scott's trading since the last interview? 2:43 How much work algo trading requires 4:56 Why you should re-optimize your algos 6:26 How to avoid over-optimization 11:20 Trade a few symbols or a lot? 12:10 Scott's trading review process 14:05 How to find strategies for algo trading 15:25 Why you don't need to learn to code to be an algo trader 16:52 Why trading ideas don't matter 18:44 Example of a forex trading strategy 20:40 Why common indicator logic may not matter 21:20 Why a time-based stop loss works? 24:11 The mindset of an Algo trader 27:53 Why you shouldn't care about your P/L 28:52 Why Scott loves trading contests 31:33 High risk trading with algos 33:16 Where to find Scott Welsh #algotrading #algorithmictrading #traderinterview 📈 FREE Case Study "Quitting Your Job To Finally Trade Full-Time": https://desiretotrade.co/case-study // SOCIAL Forex Trader Community (Facebook Group): https://d2t.link/FBgroup Facebook: / desiretotrade Twitter: @desiretotrade IG: @etiennecrete // TRADING MUST-HAVE RESOURCES Forex Broker (Pepperstone): https://d2t.link/pepperstone Forex Broker for Canada (Axi): https://d2t.link/axitrader Best Platform: https://d2t.link/tradingview Backtesting Tool: https://d2t.link/soft4fx VPS (for algo trading): https://d2t.link/vps Trading Journal: https://d2t.link/journal // MUSIC David Cutter Music - http://www.davidcuttermusic.com Andrew Applepie - https://andrewapplepie.com/ // ABOUT ME My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom. I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for! If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at. // Disclaimer This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action. AFFILIATE LINKS Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn't affect you in any way in the checkout process (I'm sometimes even able to arrange a discount for you that is special from other customers).