Mql4metatraderautomationtutorial Trading Tutorial Automation

How to prove the validity of your own trading system

Informações:

Sinopse

Trading success principles. Everybody is writing about trading success principles. Most systems are complicated and I don’t understand them. For example there is the Elliot wave system. People count ups and downs and expect the market to go up or down in their order. And if it doesn’t, they believe that they have messed up by counting waves.   That was nothing I could relate to. I wanted to find something more reliable and much more easy, so I decided to test. I have a lot of trading books and some of them are more helpful than others.   One of the better ones is from Van Tharp and it talks about expectancy. How much do you expect an average trade to make? Van Tharp has some good examples to explain expectancy, but there is a catch.   After 10, 100 or 200 trades you might still get other results, because the law of averages requires big numbers to work well.   If you roll a dice twice and the 6 comes up two times, you might expect to have the same result the next 10 times. But we all know,