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Hi Omega guys / friends.
I was asked by someone what was my experience in system development and I
wrote whats written below. Afterwards I thought "This was pretty much what I
have learned over the past 9 years, I'll share it" - and so that's what I am
doing. :)
My experience is the following:
1. Make your own systems.
2. Make your own systems.
3. Make your own systems.
4. Use stop order for entry and exit (that works at least best for me)
5. Have high percentage of winners, that is good psychologically.
6. Higher sharperatio than 1.5, Profitfactor over 1.5
7. Many trades is good - doesn't keep you bored.
8. If the system work for a category, (like for example the energies) it's
something
worth looking in to.
9. Use original methods of price analysis (For example - analyse the Range
as much as price and do not use several indicators that basically are the
same derivation of price)
10. Love your job. If you don't enjoy system development and trading, that's
fine, but don't expect to trade well.
Happy trading year in 2002 to you all.
frode
www.futuressystems.net
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