Algorithm

A scary sounding word, I know, but say it a few times, algorithm. It's not that bad. Not that intimidating.

Maybe this will make it sound less daunting.

An algorithm can be as simple as 1 = 1.  That's not that hard now is it?

Sure algorithms can involve complex mathematical equations but for the purpose of what we are doing as retail traders, they are simply a set of rules that you ask a computer to follow.

If it's Tuesday and the time is after 0915, then begin

A simple statement that tells your system that if it's Monday at 0900 don't do anything.

So don't let a big, scary word like algorithm prevent you from chasing your dreams.