stevespray
Experienced member
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Whilst I can see the apparent attraction of a ‘100% mechanical system’ you will find that you will achieve far better performance in the longer term by ‘developing’ the strategy in your own way. Of course they don’t say this in the sales patter because it would put 90% of people off. Instead the sales patter appeals to that part of the human mind which wants ‘something for nothing’.
Having said that it is never a good idea to run before you can walk and it is probably good practice, especially for people new to trading, to simply follow the system rules to the letter. I’m not sure that I completely agree with the part where you simply step away from the screen and leave the trade running. There is much to be learned in this business through observation.
This system seems to revolve around using a simple moving average to establish probable market direction. It also seems to rely on ‘time’ in respect of establishing a key price candle (the trigger). One would have to question how successful this would be in the longer term as market characteristics change considerably over a longer period of time and something so finite is less likely to work consistently forever. What you need to hope is that the system works well for a good few months – hopefully in that time you will start to get a feel for your chosen market. This will then give you the edge that you need to keep evolving and keep making profits.
Remember that most of trading is psychology! That is why people get drawn to mechanical systems – it’s the human minds way of avoiding conflict.
Having said that it is never a good idea to run before you can walk and it is probably good practice, especially for people new to trading, to simply follow the system rules to the letter. I’m not sure that I completely agree with the part where you simply step away from the screen and leave the trade running. There is much to be learned in this business through observation.
This system seems to revolve around using a simple moving average to establish probable market direction. It also seems to rely on ‘time’ in respect of establishing a key price candle (the trigger). One would have to question how successful this would be in the longer term as market characteristics change considerably over a longer period of time and something so finite is less likely to work consistently forever. What you need to hope is that the system works well for a good few months – hopefully in that time you will start to get a feel for your chosen market. This will then give you the edge that you need to keep evolving and keep making profits.
Remember that most of trading is psychology! That is why people get drawn to mechanical systems – it’s the human minds way of avoiding conflict.
