Think of it like planning a recipe. You decide what ingredients (indicators, signals) you want to use and how you'll combine them to make a dish (your trading strategy).
02.
STEP TWO : Putting it into Code:
Imagine writing down your recipe step-by-step so that anyone can follow it. That's what you do with a trading system. You write down all the rules of your strategy in a language that computers understand.
03.
STEP THREE : Testing Your Recipe:
Just like you'd test a recipe by cooking it, you test your trading system using past market data. You want to see if your recipe (strategy) makes delicious dishes (profits) or if it needs adjusting.
04.
STEP FOUR Making Adjustments:
If your recipe doesn't taste quite right (not profitable), you tweak it until it does. Maybe you need to add more spice (indicators) or cook it for longer (hold trades longer). This is called optimization.
05.
STEP FIVE : Controlling the Risks
Imagine you're cooking with hot oil—you want to make sure you don't burn yourself. In trading, you want to control risks too. You set limits on how much money you're willing to lose on each dish (trade).
06.
STEP SIX : Putting Your Recipe to Work:
Once your recipe tastes great and you've tested it thoroughly, it's time to start cooking! You set your recipe loose in the market and let it cook up some profits for you.
07.
STEP SEVEN : Keeping an Eye on Things:
Just like you'd keep an eye on your dish while it's cooking, you monitor your trading system to make sure it's working as expected. If something doesn't look right, you adjust it.
08.
STEP EIGHT : Continuously Improving:
Cooking is an art, and so is trading. You're always learning new techniques and flavors to make your dishes (trades) even better. You update your recipe (strategy) regularly to stay ahead in the kitchen (market).
Launch your Graphy
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