Reverse Engineering a Profitable System (REPS)
Major update to topic in post #297 - http://www.forexfactory.com/showthre...74#post8604674
Original material-
Heading into the "Dog Days of August Trading" weekend on Friday afternoon, I thought it might be fun to develop a new...or at least a modified...trading system based on input from the FF community.
When we develop a trading system, we typically look at charts and indicators and how they tell us where the market is going and how we can enter. As systems evolve (or often do), we make changes and corrections because we don't achieve the results we want in one way or another.
So I wanted to look at it from another angle, so to speak. We'll start where we want to end up and see if we can't find a way to get there...
First, a brief introduction to my trading style.
I favor long-term trend following. Ultimately, I want a system that is low maintenance (in terms of computer time), stress-free (which means low risk) and of course very profitable...
Don't get me wrong...I like the idea of dabbling in short-term trading, higher risk/leverage, etc. But this is mostly a bygone time or trade fix solution. If you want to build a living system, these are not feasible for me.
Everyone is welcome to participate and share ideas. That doesn’t mean I’m necessarily going to incorporate them into what I’m doing or this article, but I fully expect to get some good ideas from you guys and hopefully I can share some with you.
I just ask everyone to have fun and get along...
So....let's go
Original material-
Heading into the "Dog Days of August Trading" weekend on Friday afternoon, I thought it might be fun to develop a new...or at least a modified...trading system based on input from the FF community.
When we develop a trading system, we typically look at charts and indicators and how they tell us where the market is going and how we can enter. As systems evolve (or often do), we make changes and corrections because we don't achieve the results we want in one way or another.
So I wanted to look at it from another angle, so to speak. We'll start where we want to end up and see if we can't find a way to get there...
First, a brief introduction to my trading style.
I favor long-term trend following. Ultimately, I want a system that is low maintenance (in terms of computer time), stress-free (which means low risk) and of course very profitable...
Don't get me wrong...I like the idea of dabbling in short-term trading, higher risk/leverage, etc. But this is mostly a bygone time or trade fix solution. If you want to build a living system, these are not feasible for me.
Everyone is welcome to participate and share ideas. That doesn’t mean I’m necessarily going to incorporate them into what I’m doing or this article, but I fully expect to get some good ideas from you guys and hopefully I can share some with you.
I just ask everyone to have fun and get along...
So....let's go
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