How To Find a Winner Trade Setup
How To Find a Winner Trade Setup In this note we will analyze the statistical approach to Trading, and thus answer several of the most common questions . If you ever asked yourself some of these questions (or asked a strategy vendor), I suggest you read this note and watch the video attached at the end. What is the effectiveness in this or that system? How much does the X system earn? What is the best system ? How much can I earn with an X size account? Why sell a system if it produces profit? and several usual questions when starting to learn trading... First some definitions: A Trade Setup is a pattern, for example, a crossing of lines, a change of candle color, etc. Even a robot, what it does is looking for a pattern, even if it is not specified which is . Once a pattern is defined, for example a fast average crossing a slow average (this example is included in NinjaTrader) we need to find a combination of parameters (in this case the periods of bot...