Chris Bailey

 

Chris Bailey - DaxTrader

Chris

Trader & Technical Analyst

Lower Parkstone, UK

info@daxtrader.co.uk

+447 912 682 257


Skills

Technical Analysis & Trading Setups

90%

Trading Discipline & Money Management

80%

Alan Andrew’s Experience

75%

Programming & Coding

50%

 

Programming Languages

MQL4/HTML/CSS

SQL

JavaScript

Python

 

 

ABOUT ME

DaxTrader.co.uk

I studied Accounting & Finance at Bournemouth University and got a 2:1 in 2004. Instead of continuing down the accountancy path, I worked for Lloyds bank for seven years before moving on to become a financial advisor.

During these years I invested a lot of time and money on Udemy courses to develop my skills and knowledge, and I taught myself how to read markets, how to code programs and how to trade.

I started DaxTrader.co.uk from a personal interest in the German stock market. I grew up in Germany, went to secondary school in Germany and believed the market was fascinating. During my corporate life I was trading and doing well, so I made the leap to trading full-time. Part of this transition included the requirement to keep a log of what I was doing and so I created this blog.

The original idea of this blog was to document my learning as I leaped from working full-time to becoming a trader full-time. The learning curve was steep, I made many mistakes, but I am now a more disciplined trader as a result.

Trading Details

I am primarily a swing trader and subscribe to the Alan Andrew’s school of thought. Map out the major and minor swings, then look at bar level price action. Median lines, action-center-reaction lines, pockets of significance and price action movements are more important to me than an indicator. It means I may not trade for days at a time while a trade is setting up.

Charting platform – Sierra Charts, ATAS, MT4, MT5, Marketscope (FXCM)

Tools – Pitchforks, Median lines, VWAP, Volume Profile, Order Flow, Custom indicators and programs

Rules
  • Swing trade and follow the trend
  • Swing trades of 3:1 reward and fade trades of 4:1 reward
  • Never risk more than 1.5% per trade
  • Record trade context and details in the journal

Web Developer / Programmer

The modern-day trader can not just get by with the usual attributes; a good understanding of technical analysis, strong psychological discipline, money management and excellent trade selection. The requirement of the modern-day trader is to understand how to code and program, as this is going to be the future of the industry. I am pleased that I gained these skills at the beginning of my trading career.

Like many traders, my trading experience began on MetaTrader 4 demo accounts using 650,000 indicators all at the same time on a single chart. Expert advisors were the next fascination; trading robots/automated trading systems. I went in search of the holy grail and continually came up short. So I decided to open some of them up and look inside like I used to do with my old cars and anything mechanical.

The beauty of playing with code, instead of engines and gearboxes, is that you have the Ctrl+Z undo command, so you can break the code and immediately go back and figure out why it broke. You can add bits here, take bits out there, move levers and commands and functions around until it does what you want.

Suffice as to say, I am a bit of a tech nerd and programming appeals to that part of my logical brain.

So thank you to Udemy and a few other friends and colleagues who have taught me everything I know, because now I code my own personal custom indicators, expert advisors, scripts, programs, and websites.


Other Interests
Jun 2010 – Mar 2012

Sports; Football, Golf, Squash, Rock-climbing, Swimming and Pool

 

Music; Acoustic guitarist for kadiaband.co.uk and a session musician and producer at AM Studios

 

Film & TV; Game of Thrones, Horror films, Netflix Series

 

Weird fact; I used to be a semi-professional poker player

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