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🧐Is your trading system (TS) profitable? Check it!👊🏻 Hello, friends!👋🏻👋🏻👋🏻 Most of you have heard the combination of the words "trading system" many times.🙉 Today I wanna invite you to check your trading system, think about it's profitable. Or maybe even think about creating it 💪🏻💪🏻 Let's Go🚀🚀🚀 🤜🏻 There are 2 ways to check if the system is profitable. The ☝🏻 way is trading in this system in real time, and the ✌🏻 is testing it. System testing takes place in 3️⃣ stages: 1. Preliminary testing. At this stage, the idea underlying your trading system is tested. 2. Optimization . At this stage, the best parameters are selected. 3. Final testing. Testing takes into account the money management system. Testing can be carried out in 2️⃣ ways: 🔺manual testing 🔺computer testing 💥 The main parameters, that will let you know is your trading system is profitable. 💥 🚩The total profit P (%) 🚩 The sum of all profitable trades S (P) 🚩 The sum of all losing trades S (L) 🚩 MIDD (maximum drawdown), drawdown 🚩 Recovery factor RF = P / MIDD 🚩 Profit factor PF = S (P) / S (L) 🚩 The total number of transactions 🚩 The share of profitable transactions (%) 🚩 The share of losing trades (%) 💥Often when creating trading strategies, traders pursue the maximum profitability of the system. However, it is more important not to increase the value of expected profitability, but to reduce the possible risk, which is expressed in maximum drawdown (MIDD). The empirically established boundary value of the profit factor is taken equal to 1.6.❗ If Profit Factor (PF) of your system exceeds 1.6,it shows GOOD 👍🏻 efficiency, if less - BAD 👎🏻efficiency! ⚡ I recommend you to test your trading system first on virtual money, and then on real money. After that you can see a suitability of your trading system, and then you can start using it. 😊😊I hope you enjoyed my post, don't forget to support me with like 🌞, subscribe, for don't get lost!💋 Below are links to my previous ideas👇🏻👇🏻👇🏻 Stay with me🌞 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
16
🔁Synthesis of elements in the trading system🔁 Hello💋💋 Today we are talking about synthesis of elements in the trading system . When we see that a certain component of the system performs a certain function very well, we design it as a separate unit, that it can be used when it is necessary to perform a specific function peculiar to it. Each component of the system must be carefully checked BY YOU, and effectively solve the task assigned spesialy FOR YOU. Before proceeding directly to the development of a new trading system, it is necessary to arrange all the components of our set into a certain structure in accordance with the general scheme by which the new trading system will be built. Do not be afraid to mix these components. Try to find what suits you and what pleases you. And of course it brings profit !!! We'll go a looooong interesting, sometimes painful way to become successful traders!💪🏻💪🏻💪🏻 Stay with me💓 I love you and I appreciate you🙌🏻💋 YOUR Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
17
😎 Steps for building your own Trading System 😎Today I wanna said to you some steps for building your own trading system💪🏻 ⭐ Step 1 - Explore Everything Created Before You 📌Analyzed markets 📌Methodology used 📌Depth of detail It's possible, that you don'tneed a trading system, and you'll engage in discretionary trading, that is, trading by intuition. ⭐ Step 2 - Find Your Regularity In order to create your successful trading system, you must know something about the market that others do not know. Decide on the type of market in which you will work and the trading style. ⭐ Step 3 - Formulate Your Strategy A profitable strategy, as a rule, is based on some idea, observation, a subtle market pattern, which is repeated often enough to be used in trade. ⭐ Step 4 - Test Your Strategy Testing should be as correct as possible, objective and not leave a field of activity for speculation and illusion. Don't forget about self - evolve and don't be afraid to analyze your mistakes. All of this will definitely lead you to success! 💪🏻💪🏻 ✍🏻If you like my edu posts - put me likes and write your thought about it💙💛 Stay in touch with me💋 Your Rocket Bomb🚀💣 Below you may read about trading plan 👇🏻👇🏻👇🏻
BITSTAMP:BTCUSDEducation
by RocketBomb
22
Momento clave para Tenaris $TSProceso bajista de corto plazo cerca de anular último swing alcista, tomando un más amplio notamos que está en un momento clave de definición en zona de POC, retrocesos probables de fibonacci y soporte de mínimos anteriores. Ajusten SLs si están comprados y van a corto/mediano plazo y agarren pochoclos si están afuera. Seguimos a la espera de ver señales de reversion y salida alcista. Notas: El volumen es un poco alto para ser una corrección que no deba preocupar. Señal a tener presente. Hoy perdió la EMA de 50.
T
by IndependenciaFinanciera
Ethereum (ETH): The downtrend that never endsThe chart is the long view on Ethereum, and boy-oh-boy it is hanging on by a thread. Price is trying to make a triple bottom historically and a double bottom of this bear market in the 0.0023-0.0021 range. Every time it tries to breakout it gets rejected at the downtrend resistance. Best guess says that the only people that could be selling this much coin would be either be from the ETH team or Augur’s ICO/IPO ETH wallet is being emptied. This is one more reason to take the safe long versus accumulation of a position. If an entity has a lot of coin they can short the market while selling down a very long way. Considering the EMA, sloping resistance trend, and final support zone are all converging it seems far more prudent to go long after the first green line is surpassed. If the final support does not hold there is noting stopping it from free falling to 0.001, and that is not a long you want to be stuck with. Chart is powered by the SCMR Trends Analysis Suite on Tradingview.com www.coinstreetnews.com
by CoinStreetNews
3