Bruce Ross has been with Trade View since 2017. He has completed our In-house Intermediate Program and has attended 3 of our Algo Trading Conferences; 2017, 2018 & 2019 and is booked in for the 2021 conference already. It has taken him years of effort to develop the successful portfolio he has now. He now has about 8 entry conditions, and his current portfolio trades on 28 charts.
Bruce believes in a good portfolio needs people to put in their intelligence and hard work, no one gives away valuable Algos.
Can you tell us a brief background about your trading?
My interest started about 15 years ago, but I didn’t start seriously trading until 2017. My approach has evolved over that time, made a lot of mistakes, but gradually built my expertise to get me where I am today. I incrementally built a portfolio of algorithms, now I have 8 entry conditions with a variety of trade management methods, trading on 28 charts of Fx pairs and Indices. It’s low risk and reasonably well balanced in terms of diversification. 70% of the ideas I use came from Tradeview.
Where did you hear about us?
I simply did an Internet search, looking for Algo trading firms and they seemed to offer education. And I lived in Melbourne not far from Tradeview Head Office.
What made you choose us?
You can’t become an Algo trader on your own. I needed education, you have to learn from professionals. Tradeview offered a variety of education, in-person workshops, videos, and the annual Algo Conference. For me based in Melbourne made it easy to come into the office for the workshop.
What have you learned from working with us?
How a professional Algo trading firm does what they do. Understanding how the market operates, risk management, diversification, portfolio building – and for me most importantly giving me hints of strategies that can (with a lot of effort) actually work.
Please share some of your successes and failures while learning to trade?
Failures are many. I had a strategy at the early stage of combining a few things. Discretionary trading, buying Algos, using signal services, and building my own Algos.
It was a disaster. Building my own Algos took a lot of time in terms of learning how to do it effectively and get a decent portfolio together, and in the meantime, all the other approaches failed. Success started when I simply stopped trading other methods and devoted it all to Algos, going live with thoroughly back and forward tested strategies.
What would you say to other people facing the same challenges as you did?
My message to people wanting to get into this area is this:
It’s really hard to get to a point where you have a portfolio of Algos that trade reliably and at low risk. It won’t happen overnight and no one is going to hand you a wonderful Algo to make you rich. You have to build them yourself. You need a lot of persistence and intelligence
You need people who have done this before to train and educate you. Trade View has so much experience in this area and provides you with honest, reliable information. But keep in mind, this isn’t for everyone.
What are your future goals?
Certainly to continue to build the portfolio further. It’s good now, but in some ways, you can never have enough diversification in terms of products and strategies.
In terms of trading, not sure to be honest. The first goal is to be financially self-sufficient. Next would be to trade for others to generate more capital.
Not sure what that looks like right now.
Have you been to the Algo Conference before, how did you feel?
I attended 3 Algo Conferences 2017/2018/2019. The speakers were very well respected globally in trading.
It’s really important to hear the perspectives of those who have Algo traded large funds more than $100M. They each shared a trading strategy too. Some of these ideas I have also incorporated into my trading Algos.