automated trading

Episode 296: Automated Trading From the Perspective of a Software Engineer

Welcome to The Traders Podcast. Episode 296 is for those who are interested in automated trading. Your host Rob Booker talks with Ryan, a Traders Podcast listener who works as a software engineer in California. Ryan has been writing his own robots for currency trading, and he has a very refreshing perspective for anyone who wants to start off on the right foot. Ryan talks about the frustrations of back-testing and especially forward-testing. He says he needed to start with the problem, so Ryan and Rob discuss how he went about identifying and understanding said problem. These are just a few topics of the many discussed in Episode 296. We enjoyed having Ryan on the show, and we think you’ll enjoy him, too. Thanks for listening.

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Episode 274: The Irresponsible Podcaster and the Euronaut


For Episode 274 of The Traders Podcast, your host Rob Booker and the producer Jason Pyles bring you another mailbag episode, where we delve into the listener feedback. But first Rob talks about the new apps (for iPhone, for Android) that are available for The Traders Podcast.

Next we read e-mails from Jonathan, as well as Ryan, a software engineer in California who’s begun to write his own Expert Advisors (EA’s). Then Jason recommends a unique zombie-type of movie called “Pontypool” (2008). Then we got a request from FX Outlier and Mark regarding guest appearances on The Traders Podcast. Next we read part of an e-mail from Dave. We also got comments from Chris and Glenn, and it’s an overall, rip-roarin’ great time. Join us! Thanks for listening.

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Episode 220: Having an Interest in Trading vs. Actually Trading

In Episode 220 of The Traders Podcast, your host Rob Booker catches up with “The Coach” — Scott Welsh, co-creator of the Bossilator course and a peak-performance instructor who resides in Columbus, Ohio. Rob talks to Scott about goal-setting with a robot, and Scott discusses the crucial chasm and transition between having a desire to attempt trading versus actually starting to trade. Rob and Scott spend some more time talking about automated trading in 2014 and many other great topics, so tune in! Thanks for listening.

Links for this episode:

Scott’s Blog

E-mail Scott: ScotWelsh ( AT ) gmail ( DOT ) com

Scott on Twitter: @SWelsh66

We also recommend listening to this popular episode featuring Scott Welsh: Ep. 34: Peak Performance Athletics and Trading for a Living From Home Read More

Episode 112: The Best-Kept Secret in Currency Trading

“Trading two systems doesn’t make you twice as rich.” — Chris Davison

In Episode 112, your host Rob Booker speaks with Chris Davison about the best-kept secret in the entire world of currency trading. Rob starts off with a very short series of True or False questions for Chris. Next they reflect on how terrible 2012 was for discretionary traders. Rob asks Chris how 2012 went for his automated trading systems, and they speculate on how successful Chris’s automated trading will (or won’t) be in 2013. Rob reveals what percentage of his trading capital is run by an automated trading system, and some of this episode is enhanced with Rob’s unusual trading metaphors involving hobbits and other fantastical beings.

Links for this episode:

The FX

Rob on Twitter: @RobBooker

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Episode 78: The Harmonious Coexistence of Discretionary Trading and Automated Trading

In today’s episode, Rob Booker talks with Chris Davison, his partner in building automated trading systems. You’ll hear Rob and Chris discuss the role that automated systems might play in a trader’s discovery of ways to make money. Rob and Chris discuss how to get experience in the markets without spending a great deal of money to get that experience. Their answer: discretionary trading and simultaneously running some automated strategies in the background as a method for learning the process of making the decisions for yourself. And they consider whether this is a prudent approach … or not.

Rob addresses his most common post-seminar question: What do you do now that you’ve attended this live seminar? Rob asks Chris if he makes distinctions among high-frequency trading and long-term trading and medium-term trading when talking about automated systems. They explain how the exchanges and the brokers love scalpers. Rob asks Chris how much draw-down he can withstand. Chris offers his theories about why 95% of traders lose, and his “Wibbley-Wobbly Line Theory.” And, of course, Chris answers the classic question: Is it possible for a retail trader to make money? Join us — you’ll love it!

Links for this episode:

Chris’s blog: – where he documents the ups and downs of trading automated systems

Follow Rob on Twitter: @RobBooker and see Rob retweet anything that Chris ever says.

Episode 46: Making Your Strategy Automatable and Singapore

In this episode, Rob Booker interviews “Mr. Automatable,” James Chen, who educates traders and is the director of technical analysis at FXDD in New York City — one of the premier MetaTrader shops.

Rob talks to James about how he got started in trading and how he got his current position; they discuss the other markets that James watches — in addition to forex. Rob asks James about his move from discretionary trading to non-discretionary trading, and how he gravitated toward an automated set of rules. They discuss the possibility of fully automating a trading strategy and whether James prefers longer term or shorter term trading.

As an analyst and an educator, James travels all over the world, so Rob asks him about the places he’s been in the last few months, and they discuss the wonderland that is Singapore. Robs asks where James finds the most growth right now in forex trading, Asian traders versus U.S. traders, and we hear James’s advice for someone who is looking to trade forex for the first time. Tune in!


Episode 40: Where and Why We Trade for a Living

Rob Booker is joined again by his guest co-host, “The Coach” Scott Welsh, podcasting from Columbus, Ohio. Scott and Rob begin this episode by talking about the importance of knowing what you want when striving to achieve a goal.

Next your trader hosts discuss whether the location you’re trading from affects your trading, and whether you can trade from anywhere in the world (and by the way, where are the greatest places in the world to trade from?). Rob and Scott also consider Las Vegas: Is Sin City the perfect place for traders? Can automated trading enable you to trade from anywhere? Rob lists his favorite trading locations, and he reveals his pick for the greatest city of all time. And if you live in a certain location — which is named in this episode — and you’d like Rob and Scott to come and trade at your home with you for a week or two, then contact us at

Also, in this episode, we introduce a new segment called “Dumb Things That Rob Does,” which pertains to today’s topic.

And finally, Rob concludes Episode 40 with a remarkable epilogue that enumerates the reasons why, exactly, we trade for a living by recounting an unforgettable story about his friend, Mickey — a trader who realized his dreams.

Please leave us a comment, telling us where you trade from and where you’d like to trade from.

Scott Welsh’s Web site:

This episode is dedicated to Mickey, who successfully did what he always wanted to do.

Episode 39: Moving to Break Even

“The Coach” Scott Welsh returns to The Traders Podcast to engage in a little banter with Rob Booker about trading on Macs versus PCs. Then Rob introduces a new segment called “Jennifer Asks a Question,” in which they discuss traders who seem to perpetually move to break even.

Adding Jennifer Thornburg to the conversation, the three traders also discuss dealing with the naturally occurring frustrations associated with trading, whether it’s more advisable to play it safe or to play aggressively, a secret for knowing “when you have arrived” and are becoming a successful trader, and they discuss whether you’re still a trader if you’ve automated your system.

These tidbits and more can be heard in Episode 39 of The Traders Podcast. Give us a listen!

Scott Welsh’s Web site:

Jennifer Thornburg’s Web site:

Jennifer’s Twitter: @JenTho3

Episode 3: Automated Trading, Part 3

Rob Booker and Chris Davison put the cap on the final 2 strategies for success in automated trading, with a rousing conversation about the dangers of trading with a robot (or doing anything else with a robot, for that matter). How can you carefully and wisely select a system that is right for you? How much should an automated trading system cost? The answers to these questions, and more, are answered in this episode.

Episode 2: Automated Trading, Part 2

Here Rob Booker and Chris Davison continue their conversation about automated, algorithmic trading. Does it work? In this continuation of their look into the inside world of running automated systems, Chris and Rob share three more of their 8 strategies for success with robotic trading.