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| How to Develop a Great Trading System? | Views: 1090 |
| Nov 19, 2008 8:51 am | | How to Develop a Great Trading System? | # |
Anne Fonda | | Follow these six steps to develop a profitable trading system
Setup: In this you need to concentrate on two things like data and software.
Design: Parameters for the trading is decided under this section used to generate profit.
Decision making: Following decision is to be made at this point:
• What market I am interested in to trade?
• What time is preferred?
• What price series should I used?
Practice: Before applying with real money just confirm and make sure that the system is giving you satisfactory and the result you are looking for?
Replicate: Replication is very much important until you can consistent in making profit in most market and conditions.
Trade: Try it out and expect unexpected outcome. Use manual trading unless you are confident enough of using automated trading system.
Private Reply to Anne Fonda |
| Nov 20, 2008 4:30 am | | re: How to Develop a Great Trading System? | # |
Adrian Scott | | good stuff.
back-testing also if possible.
what do you mean by replication?
Private Reply to Adrian Scott |
| Nov 24, 2008 11:28 am | | re: re: How to Develop a Great Trading System? | # |
Anne Fonda | | hi adrian
and thanks for your great reply and yes back testing is also very necessary.
Replication means you must repeat your practice until you are very sure that now you are ready for real trading. I think now i made myself clear.
Private Reply to Anne Fonda |
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