Forex System Development Workshop Basics #2

Transcription

1 Forex System Development Workshop Basics #2 1

2 BASICS # 2 COMPONENTS OF A WINNING TRADING SYSTEM Fill out your current thoughts on the different components of your trading system. As you complete the worksheet, treat it like a creative exercise and constantly ask the following questions: What parts of your system are working well? What parts do you need to have? What problems can you identify? Where can you simplify? What is the reason for using the method you do? Why does it work? Throughout the rest of the course, you can take inspiration from the traders to fill out this document so you end up with a set of high-performance rules for a trading system that suits you. Each rule you add into your plan should help you achieve one or more of your objectives from Session #1. For more information, visit the following links: FCST #9 - Damn Good Set-ups FCST #10 - How to Stalk a Low Risk/High Reward Entry FCST #11 - Hard-to-hit Stop-losses FCST #12 - Trading What s In Front of You With a Complex Exit Strategy FCST #13 - Advanced Trade Management Techniques 2

3 Which high probability set-up conditions will you look for? 3

4 What is your low risk entry point? 4

5 How will you determine a hard to hit place to put your stop-loss? 5

6 Which exits will you include in your system? 6

7 Will you scale-in to you positions? If so, how? 7

8 Will you scale-out of your positions? If so how? 8

9 Will you re-enter if you exit out of a position? If so how? 9

10 How will you manage your position around major news events? 10

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