Discretionary to Algorithmic – Richard Metzger

Futures Radio Show
Discretionary to Algorithmic - Richard Metzger

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1. Journey from Discretionary to Algo Trader
2. Process for Developing an Algorithmic Strategy
3. Back Testing & Optimization
4. Algo Strategy Trade Example


Richard Metzger
Founder/Owner of AlgorithmicTrading.net

Richard’s Resources

Rapid Fire ?

Q. What Trader has influenced your life the most and why?
A. Richard Dennis

Q. What was one of the hardest things for you to overcome in Trading?
A. Emotions: Fear & Greed

Q. How has your trading process evolved over the years?
A. From discretionary to algorithmic

Q. What is one attribute that you believe every trader should have?
A. It’s cliché but patience.

Q. Favorite Book about Trading?
A. The Complete Turtle Trader

Q. If you had to pick a profession other than trading, what would it be?
A. Logic Design Engineer

Q. What’s the best advice you received about Trading?
A. “I always say that you could publish my trading rules in the newspaper and no one would follow them. The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught our people.” – Richard Dennis

Q. If you can give a piece of advice to the younger you, what would it be?
A. Stop chasing after the perfect trading system. There is no holy grail of trading.

Q. If you had to elevator pitch me your edge trading, what would you say?
A. We follow an algorithmic approach to trading which includes going long the S&P and long the Ten Year through a combination of both swing and day trades. This approach tends to trade against our own emotions which is one reason why I think we’ve been so successful.

Q. Favorite thing to do when not Trading?
A. Movies & time with family.


Record Date:  1/16/20

If you enjoyed this interview with Larry be sure to listen to these other episodes:

Market Profile Trading – Jim Dalton

Trading Pullbacks & Breakouts – Larry Tentarelli

Futures Radio is a weekly talk show hosted by 20-year futures veteran and CME member Anthony Crudele, an ex-pit trader and one of the first to trade the E-Mini S&P. Each week Anthony talks with traders, CEOs, and other proven market participants about relevant trading and investing information.


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