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Nov 19, 2008 8:51 am |
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How to Develop a Great Trading System? |
Anne Fonda
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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 (new win) |
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