A little help, please

I would appreciate if everyone could help me "brainstorm" what a system compromises of. Divided into three sections as well; method, money management, and risk, which i suppose could go hand in hand with MM, but lets keep them seperate for now.


Method

General method
entry
exit
stoploss
lots
currencies
timeframe(s)
General rules

Money Management
Maximum % risk per trade
Diversification
Hedging?

Risk





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Please feel free to add on.
Any input is greatly appreciated, thanks.

Hi Scott,

I doubt that the answer you want to hear is that you should read a book but when I started where you are right now I was fortunate enough to stumble on a free book called "Trading as a Business" by Charlie Wright. I found a site where you can read it page by page. While annoying to read a book this way, it will be well worth it.

http://www.elitetrader.com/tr/

If someone has a "whole copy" in a better format, I would love to see it. If you follow the guidelines of this book you will be well on your way to developing a strategy.

Best regards,
Phil

Phil, Thank you, but what I am doing actually is programming a "system builder", where you can interactively build your own system, revise it, and track trades which automatically calculates win:loss ratio, R:R ratio, etc. so I am just seeing what "format" persay would be the most appropriate for my design. Not looking for a specific system or method. mods please note this is for my own personal use, i am not trying to advertise anything, so please don't move this thread. I will check out your link, thanks.

edit: Actually I do have a better "Copy" of this book lol, if you'd like, message me.

That is a really great site. Thanks alot for the input. Fellow noobs should read this.