I'm reading the book "The Trading Game" from Ryan Jones..
In it, he talks about what I believe as well. Trading systems should be SIMPLE..
But I think what is missing from most I have seen is LOGIC. I read a lot of systems on FF and other boards, and I'm fairly curious, do people just randomly add indicators and pray to the gods of Forex??
So from Ryan Jones's book, I'd like to quote a few lines he says about trading systems:
[Last of all, simple is better... The more complicated, the less I like it. Simple is easy to understand and easy to change. Not only is there less programming code to deal with, but the system is less likely to be conformed to the data....]
1. Make sure the body of logic is related to what you are trying to accomplish.
2. Make sure the statistics are in place and meet the minimum requirements.
3. Make sure the logic of the entries and exits relate to the goal you are trying to accomplish.
4. Make sure the method is as simple as possible to capture the logic.
I have tried in everything I have presented on this board, to conform to logic. I highly encourage everybody else to do the same. I sometimes feel there's a lot of "jumping on the new Holy Grail indicator combo" happening on all the fx boards. I hope to help curb that. If you can't explain why it works, chances are, it doesn't work..
In it, he talks about what I believe as well. Trading systems should be SIMPLE..
But I think what is missing from most I have seen is LOGIC. I read a lot of systems on FF and other boards, and I'm fairly curious, do people just randomly add indicators and pray to the gods of Forex??
So from Ryan Jones's book, I'd like to quote a few lines he says about trading systems:
[Last of all, simple is better... The more complicated, the less I like it. Simple is easy to understand and easy to change. Not only is there less programming code to deal with, but the system is less likely to be conformed to the data....]
1. Make sure the body of logic is related to what you are trying to accomplish.
2. Make sure the statistics are in place and meet the minimum requirements.
3. Make sure the logic of the entries and exits relate to the goal you are trying to accomplish.
4. Make sure the method is as simple as possible to capture the logic.
I have tried in everything I have presented on this board, to conform to logic. I highly encourage everybody else to do the same. I sometimes feel there's a lot of "jumping on the new Holy Grail indicator combo" happening on all the fx boards. I hope to help curb that. If you can't explain why it works, chances are, it doesn't work..
google:
