"A trading system can be either a computer based program or a daily advisory service that instructs you on what trades to take. Most popularly trading systems are software that runs on a computer. The computer instructs you on what and when to enter and exit trades.
There are trading systems that trend trade, day trade or perform a combination of the two. Some trade one market or sector while others are broad enough to trade many markets."-Chadwick Investment Group
A System is an approach to buying and selling stocks, bonds, commodities or anything that is bought and sold on a regular basis, especially in an organized market. A system has the following components:
1. Rules for when Buy or Sell (entry and exit – Including Optimization)
2. Calculation of a purchase or sale price
3. Calculation of an optimum quantity of shares to purchase (money management)
4. Rules to prevent huge losses (Stop Loss)
5. Rules for profiting when the market is going down (going Short)
This thread is for helping me find ways to INVENT a replacement for the holy grail!
In most of the system development process we read books and copy the ideas presented in them and implement the system to make profit.
And most Technical analysts advocate for a simple system.
A system is simple or complex makes no difference if it is working fine in current market! If it is draining your account then yours system is under performing or it is having some flue!
Here the discussion is oriented to improve a system! If you are having a good system you will be still searching methods to improve it.
In this multi dimensional world where knowledge is power, we exchange it in this system to get it multiplied
I am a newbie to the market and is having ZERO trade experience in real market! I am here to discuss with fellow mates, professional traders and with my brothers. The discussion will be oriented to methods of improving the system.
Be it improving the data fed to system, the process happening inside system, the output given by system...
But as always lets KISS- Keep It Simple and Spiffy!!! (we are no stupids!!!)
Simple things are easier to understand and hence we go by simple means!
But the technical stuff could go to any degree of complexity. It is upto the readers to take it or leave it!
Lets kindly refrain from arguments and make time for discussions
Thank You
Kuriako
There are trading systems that trend trade, day trade or perform a combination of the two. Some trade one market or sector while others are broad enough to trade many markets."-Chadwick Investment Group
A System is an approach to buying and selling stocks, bonds, commodities or anything that is bought and sold on a regular basis, especially in an organized market. A system has the following components:
1. Rules for when Buy or Sell (entry and exit – Including Optimization)
2. Calculation of a purchase or sale price
3. Calculation of an optimum quantity of shares to purchase (money management)
4. Rules to prevent huge losses (Stop Loss)
5. Rules for profiting when the market is going down (going Short)
This thread is for helping me find ways to INVENT a replacement for the holy grail!
In most of the system development process we read books and copy the ideas presented in them and implement the system to make profit.
And most Technical analysts advocate for a simple system.
A system is simple or complex makes no difference if it is working fine in current market! If it is draining your account then yours system is under performing or it is having some flue!
Here the discussion is oriented to improve a system! If you are having a good system you will be still searching methods to improve it.
In this multi dimensional world where knowledge is power, we exchange it in this system to get it multiplied
I am a newbie to the market and is having ZERO trade experience in real market! I am here to discuss with fellow mates, professional traders and with my brothers. The discussion will be oriented to methods of improving the system.
Be it improving the data fed to system, the process happening inside system, the output given by system...
But as always lets KISS- Keep It Simple and Spiffy!!! (we are no stupids!!!)
Simple things are easier to understand and hence we go by simple means!
But the technical stuff could go to any degree of complexity. It is upto the readers to take it or leave it!
Lets kindly refrain from arguments and make time for discussions
Thank You
Kuriako
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