I'll take about those systems again soon, however first thing
make sure to read the FAQ's and examples located in that section.
also look at the profit curves
As far as money management, use standard money management
practices i.e. if you have a 30K account, DON'T put $30K into one
system or margin up higher to $60K. maybe trade 5% - 10% of
your account only into anyone system. The biggest mistake
people make is by going all in, then when the system say loses a
normal 5% they freak out because they are over leveraged.
The most consistent system over time has been the BIDU 3 min
system
analyze the systems over time via analyzing the profit curves,
sometimes you need to turn systems off. Tom makes comments on
this once a week in the section
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I'll take about those systems
A Few Comments for Automated Traders
Posted by matt on 30th of Sep 2010 at 11:45 am
I'll take about those systems again soon, however first thing make sure to read the FAQ's and examples located in that section. also look at the profit curves
http://breakpointtrades.com/premium/viewer.php?nl_id=22
http://breakpointtrades.com/market_lab/index.php/premium/mechanical_systems_overview /
As far as money management, use standard money management practices i.e. if you have a 30K account, DON'T put $30K into one system or margin up higher to $60K. maybe trade 5% - 10% of your account only into anyone system. The biggest mistake people make is by going all in, then when the system say loses a normal 5% they freak out because they are over leveraged.
The most consistent system over time has been the BIDU 3 min system
analyze the systems over time via analyzing the profit curves, sometimes you need to turn systems off. Tom makes comments on this once a week in the section