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How to Develop a Great Trading System?Views: 266
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.

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