Core Concepts
Understanding The Algo Trading Resources template.
Definition
The Algo Trading Resources are Algo Trading Strategy Builders, each focusing on a specific trading approach. They enable traders to create robust, fully automated algorithms based on the selected approach.
For instance, a trader can develop a Renko Algo Trading Strategy using The Renko Twins, or an SMC strategy with The Market Structure Wizard.
This flexibility allows for building diversified algo portfolios that operate across multiple assets and timeframes, providing 24/7 trading coverage.
How It Works
The Algo Trading Resources are built to operate on the most widely-used and versatile platforms. Traders can utilize these platforms to develop and execute their resources.
Additionally, they can enable the BRIDGE feature to ensure that the Trade Entries, along with Trade Management and Risk Framework, are mirrored onto a third-party platform.
This is particularly beneficial for platforms that do not support coding languages for algorithmic trading. TheATR's BRIDGE fills this gap, enabling seamless integration, and is also a core component of the Prop Farming program.
Modular Approach
The Algo Trading Resources template is designed with a Modular Approach to make it intuitive for traders to navigate and configure their algorithmic trading strategies. This approach organizes each Resource into distinct modules, allowing users to easily understand and customize various settings.
Every Resource integrates Shared Modules that are consistent across all templates. These modules cover common functionalities like trade management and execution, which streamlines the transition between different Resources. Traders only need to learn the settings specific to the unique trading approach underlying each Resource, making the onboarding process seamless and efficient.