Trading System ?
Posted: Fri May 21, 2010 11:12 pm
Let me write some thoughts down ...
A trading system should tell you when the market is bullish or bearish
A reading system should tell you when to enter the trade (during the corrections)
A trading system should tell you where to leave the trade when the things are going wrong (stop loss)
A trading system should tell you where to add on your position when the things are still going well
A trading system should tell you where to leave the market (exit - take your profits)
A trading system MUST tell you a MONEY MANAGMENT SYSTEM (how much of your capital will be risked per trade?, what is the expectancy of your trading system? , are you playing your money or/and the market money?, how much money you should invest per trade?)
Here is an indicator of Metastock which I created. (Trailing stop loss - Bullish market)
It's free for you !!
PDay := Input("Day of Month" ,1,31,1);
PMonth := Input("Month" ,1,12,1);
PYear := Input("Year",1985,2070,2007);
TM:=Input("The price you bought the stocks:",0,150000,1);
TSE1 := BarsSince(DayOfMonth() = PDay AND Month() = PMonth AND Year() = PYear);
TSE2 := HighestSince(1,TSE1=0,C) ;
TSE3 := TSE2 - TSE2*25/100;
TSE4:=HighestSince(1 ,TSE1 = 0,TSE3 );
If(TSE1=0,TM-(TM*25/100),Max(TM-(TM*25/100),TSE4));
http://www.chrislsiannasonline.com
Next time the bearish formula !!!
A trading system should tell you when the market is bullish or bearish
A reading system should tell you when to enter the trade (during the corrections)
A trading system should tell you where to leave the trade when the things are going wrong (stop loss)
A trading system should tell you where to add on your position when the things are still going well
A trading system should tell you where to leave the market (exit - take your profits)
A trading system MUST tell you a MONEY MANAGMENT SYSTEM (how much of your capital will be risked per trade?, what is the expectancy of your trading system? , are you playing your money or/and the market money?, how much money you should invest per trade?)
Here is an indicator of Metastock which I created. (Trailing stop loss - Bullish market)
It's free for you !!
PDay := Input("Day of Month" ,1,31,1);
PMonth := Input("Month" ,1,12,1);
PYear := Input("Year",1985,2070,2007);
TM:=Input("The price you bought the stocks:",0,150000,1);
TSE1 := BarsSince(DayOfMonth() = PDay AND Month() = PMonth AND Year() = PYear);
TSE2 := HighestSince(1,TSE1=0,C) ;
TSE3 := TSE2 - TSE2*25/100;
TSE4:=HighestSince(1 ,TSE1 = 0,TSE3 );
If(TSE1=0,TM-(TM*25/100),Max(TM-(TM*25/100),TSE4));
http://www.chrislsiannasonline.com
Next time the bearish formula !!!