Basically trading system is we make
a rule, criterion or pattern of conditions in which we will make entry, exit and
take profit or cutloss. Of course, based on what we understand. We also calculate
the accuracy or level of success. So that we can manage our money management. Usually
to know we can do a back test or forward test of the rules that we created
earlier.
Well usually use indicators
to help facilitate
us in making our rules. But there are
also only use candlestick.
The important thing
is that we understand the tools that we will
use. if we use the indicators as a tool then
we also need to
know how this indicator
works on the chart. and the same also
if we only use
candlestick then we
also need to know
the candlestick patterns and support resistance
etc..
So basically every trader is free
to determine and choose or create his trading system. The important thing is
that we know where the best opportunities to achieve a profit based on the
rules we have set previously.
There are so many rules that can be developed depending
on the individual trader. So do not be surprised if there are thousands of
trading systems were introduced in the world
of forex.
And all the problems it will generally be returned
to the trader's
how it looked at
a chart and
interpret it. We can
use other people's trading system
but, we must
have a common understanding with the creator of the trading system.
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