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I let an algorithm trade with $50k for 6 months – here’s what happened | COFYT

7 months ago

I let an algorithm trade with $50k for 6 months – here’s what happened

nikssen

I let an algorithm trade with $50k for 6 months – here’s what happened

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youtube.com

I let an algorithm trade with $50k for 6 months – here’s what happened

Answer

Ask me anything about this video:

What was the total amount paid in trading commissions during the six-month period?

Answer

The total amount paid in trading commissions over the six-month period was $1,954.

About this Video

Video Title: I let an algorithm trade with $50k for 6 months – here’s what happened
Channel: Austin Alhajj
Speakers: Austin Alhajj
Duration: 20:15

Introduction

This video documents Austin Alhajj's experiment of letting an algorithmic trading system manage $50,000 of his money for six months (June to December 2024). The video analyzes the system's performance, showing weekly and monthly results, reviewing actual trades, and explaining the algorithm's workings using Tradezella tracking software.

Key Takeaways

42.62% Return: The algorithmic trading system generated a 42.62% return on a $50,000 investment over six months.
Hands-Free Trading: The entire trading process was automated, requiring no manual intervention from Alhajj.
Favorable Risk-Reward Ratio: The system exhibited a 3:1 risk-reward ratio, meaning larger wins compensated for more frequent losses.
Day Trading Strategy: The algorithm employed a day trading strategy, avoiding overnight risk.
Falcon V2 System: The algorithm used was the Falcon V2 system, available on Algo Exchange.