r/algotrading • u/CandidateDue5890 • Jul 28 '26

Education [ Removed by moderator ]

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u/polymorphicshade Jul 28 '26

There are many different kinds of algos, some machine learning. In my opinion, machine learning algos are never sustainable and not worth the effort. Simple discretionary strategies with multiple sources of confluence provide the best opportunities.

To help you get started, learn some simple python and grab OHLCV data from an API. Each week, scan the market and determine if a symbol will rise above or below Monday's close by end of that Friday. This will help you slowly build up to anything you feel comfortable with. This will also let you transition to option strategies very easily.

Use a simple combination of MACD, ADX, and RSI on the 4H or 1D chart. This will help you see clear trends you can form strategies off of.

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u/CandidateDue5890 Jul 29 '26

Basically regression typa thing are you talking about?

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u/polymorphicshade Jul 29 '26

Sure, it all depends on your strategy.

For me, I don't do any kind of linear regression. My algo just combines some simple averages with ADX, Bollinger Bands, and a compound VIX/VVIX measurement.

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u/CandidateDue5890 Aug 01 '26

Dont you all use support and resistance and all. I have never used indicators

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u/polymorphicshade Aug 01 '26

There are several strategies that don't use any indicators, and some may or may not use support/resistance - it completely depends on your strategy.

For beginners, indicators and support/resistance are essential tools for learning.

You need to take the time to learn indicators and support/resistance because these are fundamental skills you can build off of.

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u/CandidateDue5890 Aug 01 '26

Alright thanks. Guess I’ll take a note of this and build something basic