 What's up everybody, this is Giovanni from the options trading channel today is Sunday Sunday stock talk and ideas guys, I want to be forward and I want to Let it be known the idea that I have it's a crazy idea But it's worth exploring the main reason why I want to go forward in this idea is because there's so many fake YouTubers or gurus that are trying to do this very thing And it's completely fake. It's it's all a facade and they're not actually really Actually doing it. What I'm talking about is automated trading Let's talk about it a little bit. I'm not competent enough in trading That's how I feel anyways in trading and or the actual Automated system and and actually building one enough to really talk about it But I still want to put it out there for anybody that is interested or has some knowledge or has some experience And it can chime in and heck maybe I might learn something from you guys as far as automated trading goes One of the main reasons for this idea or how I came about this idea is I made a video a review of this guy I Forget how to pronounce his name Kale something. He made this trading bot and for anybody that actually trades in the stock market and knows about trading the stock market and having to use Platforms broker and all of that jazz, you know without a doubt It's fake. It's absolutely fake as it's laughable How fake that video is and I got a lot of stuff slack for it the most out of any video and sure It's not a whole lot But if you haven't seen that video, I'm gonna post it up somewhere around here I'm gonna put a link in the description down below or I'll post it up somewhere around here So you know what I'm talking about. It's completely fake The guy isn't even using a real broker The guy isn't actually even even coding it or scripting it correctly the way it is supposed to be nothing about that video is real and The people that don't believe me are the people that I'm gonna be very nice are the people that really truly don't know How to trade the stock market or what it entails to trade the stock market. All right enough about that But before I continue Moving on so that's one of the main reasons why I want to actually make an automated system to Prove that it can't or cannot be done. I don't know if it can successfully be done So that's first and foremost, right? Let's see if it can be done I already did a little bit of research prior to this video and through thinkorswim Thinkorswim doesn't necessarily 100% support automated trading right automated trading what they do support is conditional orders Basically what that means is you can put in your Criteria for you know layman's terms and for example purposes you can set a buy order where the condition is when price closes above the Top Bollinger Band buy you can queue that up. So when that actually happens It actually executes that order without you actually being there, of course There's more detail in that of course. It's not just that straightforward. There's there's a lot of details, right? There's a lot of specifics in that but in layman's terms and for example purposes That's how it works conditional orders and then you can also do conditional sell orders. That's what I'm gonna be going after What I will be trading and trying to automate my trading is using the mobile band strategy Trading the one-hour chart based off of the daily chart, but I'm not gonna be trading spy or apple or the queues I'm gonna be trading the e-mini futures forward slash es and The main reason why I chose that and chose automated trading is because it trades basically 22 hours a day Sunday through Friday And I might be wrong on the 22 hours, but anyways you get the idea. There are trades There are there's money to be made while we are asleep and how cool would that be to get into a trade? And and make money while you're sleeping pretty much not quite, but almost I Am going to a few people for this I've already contacted Pete Han his website is Han dash tech calm. He's an amazing Thinkorswim Scriptor I don't know what the actual terminology or label is but he's helped me in the past before of course He provides that service. I paid him in the past and no exceptions here So full disclosure. I'm not doing this all by myself. I am doing the majority of the legwork But I'm going to hopefully lay all of it all the foundation out basically for him to try to Script it for me on the conditional side on the actual buy-and-sell orders Well, I did run into a snag already But I'm working through it again it's a long process and I really want to try to I get a better grip I get a better feel for how this is gonna work out before I come out in Show you exactly how it's came about or the final result or or the trial and I mean literally It's gonna be trial and error And of course, I'm not gonna trade this with real money yet. I'm gonna trade this with with paper money I'm gonna paper trade it for X amount of times Make sure that it works try to work out all the bugs before I actually put my money on the line With that being said like this is what it takes guys like first of all you need to have that idea First of all figure out the steps necessary to actually make something like this like an an automated trading bot automated trading and follow those steps, it's a long process and Maybe I'm picking at that guy in the video that I reviewed a little bit too much but again, I'm just using it for example and He also mind you he claims that he's not a professional day trader or an expert in trading in general So he had no idea. He has no knowledge. What so ever he He might have amazing programming skills computer programming skills or of other sort But when it comes to trading, you really need to know Really well what you're doing how you're gonna do it and the examples that he showed was bogus anyways how he Planned out that that his trade basically and well enough of that I know I went on longer than I should have and it's not necessarily just about that guy I know there's several youtubers Lately that have claimed that they they're doing, you know automated trading But you can clearly tell that it's fake fake news guys fake news. This is all theoretical Mind you disclaimer. This is all theoretical. Let me show you the potential. Maybe okay Loaded up here the e-mini S&P 500 futures forward slash ES that's how you can find out your platform and What I have is I'm looking at the one-hour chart and I have the mobile band strategy loaded up You can see all the trades here. I have 360 trading days loaded up not calendar days, but trading days That's about a year and a half roughly Somewhere around there the bars at the very very bottom the dark and light green bars That's your profit loss for each trade taken You can see in the last 360 trading days trading one contract one contract in one contract only Over and over and over again. You would have made $60,825 this doesn't put into the equation any type of money management strategy or skill Not compounding any money if you're a subscriber of my channel, you can see that that's what I do That's part of my strategy is adding in money management skills scaling out and what not in scaling in as well And let's go back short, you know, this might have been just a fluke year year and a half or so Let's go back. When did it start? The first trade that it took was January 3rd 2019 I went back to January 2nd of 2019 you can go you can do your back testing This is what I do a lot of the times back testing in thinkorswim in the last 360 trading days from January 3rd, excuse me January 2nd 2019 trading one contract and one contract only You would have been making $26,800 it goes as far back as 2017 somewhere you can see here red bars red trades. So yeah, Jenny or excuse me July 31st 2017 So it does lose somebody it, you know, no strategy is a hundred percent. There is some drawdown Of course, but what basically what I want you what I want you to go away with here and why I'm showing you this here I'm in the long run. This is a winning strategy You can see the spikes The the peaks and valleys so to speak every time it makes a trade then also this You know sometimes as as I noted already Sometimes adding a little bit of money management skills can turn a bad trade like this. I just you know Picked any any of these signals here You can turn this bad trade into a winning trade if you just scale out of that trade At least you won't be losing a whole lot full disclaimer This is all theoretical just because it made money in the past doesn't guarantee that it's gonna be a winning Strategy in the future, but you get the idea Who knows if I can actually produce those actual results in the future, but I'm gonna try it's worth Trying if you're gonna laugh at me so be it. Hey, it's an idea if you like this video or like my ideas Please consider becoming a subscriber of mine I would greatly appreciate if you become a subscriber of mine and see you on the very next trading video Hoping it's a green one. I hope everybody has an awesome Sunday. See you guys later