[patryknextdoor]

Do you think if its possible to create crypto currency strength meter? 

Do you have experience with on chain analysis in crypto trading?

[Hassam]

Currency Strength Meter is a useless concept. I made the video just for educational purposes. Currency Strength Meter does not give you the entry. Price can move a lot before it turns. I don't use it in trading. Cryptocurrencies follow the same rules of price action like the rest of the financial instruments. There is nothing special about cryptocurrencies. Price action is what we should focus on. Price action is the result of crowd behavior.

[patryknextdoor]

I understand...

Will you introduce some useful concepts in the course?
I can pay for it or private coaching.

[Hassam]

First I have to learn chain analysis myself. I don't trade cryptocurrencies because of the big spread. It does not suit my trading strategies. I only trade those currency pairs that have a spread of 2 pip or less. I can teach you how to build a blockchain from scratch using python. Building a blockchain can be a good learning experience. You will learn many interesting concepts like the Elliptic Cryptography that is used in building bitcoin blockchain.

[patryknextdoor]

i understand.

with no doubt that will be worth learning but i want to focus 100 % firstly on becoming algorithmic trader and achieve making good profits from the market.
Will You introduce some "useful" concepts and resources on that matter? I can pay for it or private coaching.

[Hassam]

I should make it clear what I mean by Algorithmic Trading. Algorithmic Trading for me is looking at 28 currency pairs with a few python scripts and selecting the best currency pair for trading. Once I decide on a currency pair than I manually check the charts for that currency pair and make my final decisions. I then open a market order or place a limit order with the stop loss and the take profit. There is no automation in trade execution I do it manually. Once the trade is placed it is set and forget. Either the stop loss will get hit or the take profit target or something in between meaning stop loss didn't get hit but the take profit target also didn't get hit as price did not reach that level.

[patryknextdoor]

Thats good because i am also not looking into automation for trades but just into the SUPPORT of data driven decison making with modern available tools (or programms)

from statistics , machine learning , math like linear algebra and optimisation etc. etc. etc.....................

so basically as a data science enthusiast i am trying to learn how to develop an alpha strategy that keeps on working for some time and wanting to learn how to use those technologies available for better currency insight from data driven analysis that most of retail traders dont even know about which can produce less guessing trades and more probable trades also can help to spot better entry or exit or helping to manage risk and all of that crucial stuff....

i was hoping for this whole time that you can help me out with this part and guide me on this journey as an experienced trader that you are.

[patryknextdoor]

https://www.tradingview.com/x/bNbAibAu/

told you to buy at this zone few days ago over 100 pip move made in one candle today
did you catch it?

[Hassam]

If you can win 5 trades out of 5 then you are great. Winning 1 trade here and there is no big deal. I am looking at GBPCHF chart now. The spread is more than 50 pips. I am looking at GBPUSD the spread is more than 10 pips. EURUSD the spread is more than 8 pips. In normal times it should be 1 pips. What is happening? I have three brokers with me. All are showing big spreads. So what you do at such times? We simply avoid opening a trade when the spread is high. Automated trading is not easy. You have to cater to all eventualities that might arise. Programs are just blind entities. Making a computer program that immediately recognizes that the glass on the edge of the table might fall is not easy. Creating AI based trading strategies is not easy. High spread can mean high volatility or low liquidity. So before you open a trade, you should take a look at the spread and if the spread is higher than usual, avoid entering into a trade. This is what I do.

[patryknextdoor]

Do you have spread screener that is showing best to worse spread ranking?