System Tradability considerations...

This is a discussion on System Tradability considerations... within the Trading Systems forums, part of the Methods category; Dear fellow traders, going through the WLD forums I got to an idea that I need to develop my systems ...

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Old Jan 5, 2005, 7:42pm   #1
Joined Aug 2004
System Tradability considerations...

Dear fellow traders,

going through the WLD forums I got to an idea that I need to develop my systems first following a principle of tradability in real market. For example, no one would deny that there are some serious problems in executing ones signals. Therefore, I have decided that it is of primary importance to keep in mind those real-life problems when developping a system. Here is how I see it...

1. it is better if a system sells long only,
2. if a systems has short trades, then the sequence of traders should be short >> buy >> sell,
3. there are numerous difficulties is working with reverse systems, so, if possible I should avoid it,
4. while testing, it is better to use MarketOrder because it is closer to conditions of real-life trading,
5. set up a real slippage=0.8% per round (Entry+Exit), or slipage figures of the volume,
6. set up real commissions figures = $40 per round (Entry+Exit),
7. StopLoss needs to be > RangeDay.

I have search the ET forums for some asnwers but somehow could not find anything relevant. Please, correct me if I am wrong. So, I came up with two questions to start up a new thread...
1. what other criteria I should look at when building a systems with strong tradability considerations?
2. what ChartScripts of ChartScript families would be most suitable for tradability consideration?

I will greatly appreciate any relevant info: links to sites, books, magazine articles. Thank you in advance and happy trading to all,

Jamie.
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Old Jan 6, 2005, 7:05am   #2
 
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Joined Aug 2004
Quote:
Originally Posted by JamieSorres

1. it is better if a system sells long only,
2. if a systems has short trades, then the sequence of traders should be short >> buy >> sell,
1. Why

2. If you like to short as well as buy, then why not just trade an instrument that does not have the uptick rule?

JO
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